Special focus on India

Euromoney's latest coverage of macroeconomic, FX, fixed income and equity market trends in the Asian powerhouse.

 

The pitfalls of India

The pitfalls of India's JAM

May 11, 2020

India's national ID and financial inclusion system creates the rails on which food and financial aid can reach some of the most vulnerable in society.

India

India's banks clean up

April 16, 2020

The financial industry has been a mess, hit by defaults, rising bad loans, corporate governance scandals, frauds and, most recently, the government rescue of Yes Bank - the worst may be over, but things aren’t tidy yet.

India: Yes Bank

India: Yes Bank's trouble was saying no

April 16, 2020

The spectacular collapse of a fast-growing private lender in early March has dealt yet another blow to India’s already shaky finance industry, led to the arrest of its founder and thrown a spotlight on the bank’s aggressive lending practices.

Lowy warns on India ‘financing catastrophe’

Lowy warns on India ‘financing catastrophe’

November 11, 2019

It was a bold call to launch a specialist credit business in Asia in 2009, but SC Lowy celebrates its 10th birthday as an established figure in distressed debt and high yield not just at home but also increasingly in Europe.

Finance for a farming revolution

Finance for a farming revolution

October 08, 2019

To reduce greenhouse gas emissions, clean up water supplies, prevent the loss of biodiversity, mitigate fire and flood risk and meet the nutritional requirements of a growing population the world must improve its regenerative and sustainable agricultural practices – new tools and support from the financial services industry are needed to fund that transition.

State Bank of India: A digital dilemma

State Bank of India: A digital dilemma

September 26, 2019

SBI is reshaping India's financial system, continuing to act as the bedrock of local banking life while delivering a profit to shareholders.

India

India's fintech needs to break free

March 19, 2019

The country’s fintech sector has enormous potential, but it is being hobbled by a host of factors, from inconsistent regulations to a damaging credit crunch affecting local non-bank finance companies.

Payments: India’s cash conundrum

Payments: India’s cash conundrum

March 13, 2019

The argument that India will be the first cashless society doesn’t take into account the country’s most vulnerable people and the cultural attachment to cash.

India rides the risks, with elections looming

India rides the risks, with elections looming

August 10, 2018

The country is defying global uncertainty and market turmoil in the lead-up to elections in 2019, with the country in a stronger position now to withstand the prospect of BJP falling.

Tarnished: What the PNB scandal means for India

Tarnished: What the PNB scandal means for India's public-sector banks

March 26, 2018

Just when everyone thought India’s state-owned banks were on the path to recovery, a $2 billion fraud at Punjab National Bank has knocked confidence in the whole sector and cast doubts on the government’s ambitious efforts to sort out these ailing lenders once and for all.

Alternative awards of the year 2017

Alternative awards of the year 2017

December 21, 2017

For the banking industry, 2017 was a time of trying finally to resolve issues of the past and avoid new mistakes, yet dig beneath the surface and it was also 12 months of intrigue and, sometimes, farce.

New SBI chairman wants financial strength above all else

New SBI chairman wants financial strength above all else

December 21, 2017

Arundhati Bhattacharya left big shoes to fill as chair of State Bank of India, but Rajnish Kumar’s arrival has coincided with a handy recapitalization of public sector banks that will help him achieve his main aim.

NPCI: The backbone to India’s payments revolution

NPCI: The backbone to India’s payments revolution

December 06, 2017

India receives global attention for its digital innovation as a tool of financial inclusion, but it couldn’t get off the ground without a unique non-profit institution charged with creating the infrastructure.

China v India in Reliance Communications spat

China v India in Reliance Communications spat

December 04, 2017

News broke last week of an intriguing insolvency petition in India: under the new Insolvency and Bankruptcy Code, high-profile disputes are now commonplace, but what’s interesting here is it pits a Chinese policy bank against an Indian private-sector corporation.

Indian banks respond to Modi

Indian banks respond to Modi's demonetization shock therapy

April 04, 2017

November 8, 2016, will go down in history as the day Donald Trump, a real estate mogul and reality TV host, was elected the 45th president of the United States and leader of the free world – but, in India, it marks a perhaps equally surreal event: demonetization.

Ashish Kumar Chauhan: India’s stockbroking supremo

Ashish Kumar Chauhan: India’s stockbroking supremo

April 04, 2017

Ashish Kumar Chauhan transformed Indian broking not once but twice, co-founding the National Stock Exchange before jumping ship and joining its rival, the Bombay Stock Exchange, which has just completed its IPO.

Masala debut at last

Masala debut at last

August 01, 2016

HDFC launches first corporate masala bond; others may be slow to follow.

Dark clouds still loom over India IPOs

Dark clouds still loom over India IPOs

November 03, 2014

The feelgood factor from the election of Narendra Modi as prime minister does not seem to be translating into better fees for IPO bankers – yet.

RBI’s Rajan sounds alarm over breakdown in global coordination

RBI’s Rajan sounds alarm over breakdown in global coordination

October 09, 2014

A lack of international monetary policy coordination and efforts to beef up the IMF to reflect the newfound clout of emerging markets (EMs) raises the risks of trade protectionism and market volatility, Reserve Bank of India (RBI) governor Raghuram Rajan tells Euromoney.

Rajan’s surgical strikes

Rajan’s surgical strikes

October 09, 2014

Reserve Bank of India governor Raghuram Rajan is battling inflation and crony capitalists to open a new chapter in the Asian superpower’s growth story.

Modi makeover ignites India’s banking leaders

Modi makeover ignites India’s banking leaders

September 30, 2014

In exclusive interviews, leaders of Indian finance reveal how banks, nursing wounds from the recent credit boom, should be set free from the shackles of state control, as reformists raise hopes of a new dawn for Indian capitalism.

India: Waiting game continues for foreign investment banks

India: Waiting game continues for foreign investment banks

September 30, 2014

Even in a bullish scenario where a Rajan-Modi dream team unleashes reforms – from PSL to the bond market – in an economic super-cycle that sees public lenders recapitalized, foreign investment banks could still be chasing rainbows in India.

Unchain Indian finance

Unchain Indian finance

September 30, 2014

India needs a litany of reforms to unshackle its stalled capitalist project.

Brics bank: requiem for a dream

Brics bank: requiem for a dream

September 19, 2014

Incensed by their failure to reform, Brics policymakers have established a flawed rival to the World Bank and IMF.

Is India bouncing back?

Is India bouncing back?

June 10, 2014

The world’s biggest democracy saw its risk score improve in the lead up to the elections, which might be the start of an upward trend.

Fed effect vs Modi effect: the rupee-appreciation story

Fed effect vs Modi effect: the rupee-appreciation story

May 27, 2014

After the rupee’s spirited rally in line with the ascent of newly installed Indian prime minister Narendra Modi, analysts say rising US yields could undercut the currency, while others claim strong equity inflows and an improvement in the current account suggest appreciation for the rest of the year.

Emerging-market rout: this time it’s personal

Emerging-market rout: this time it’s personal

January 27, 2014

Emerging-market assets have fallen thanks to domestic policy risks, rather than Fed-tapering fears, triggering market contagion, as Turkey and Argentina lurched into crisis mode.

Devil is in the detail in EM currencies

Devil is in the detail in EM currencies

September 05, 2013

It has been a horrible few months for emerging market (EM) currencies, with foreign exchange investors looking to exit a broad range of exposures from Brazil to Indonesia.

India battles to control rupee volatility as Fed tapering nears

India battles to control rupee volatility as Fed tapering nears

August 29, 2013

The Indian rupee is likely to remain under pressure despite central bank efforts to slash spot dollar demand, including lending dollars from its reserves to state-run oil companies, but analysts are split over its prospects for the rest of the year.