India

A handwritten note brings down the curtain on a 38-year journey for bank founder.

Outbound Chinese M&A deal-flow has slowed to a crawl even as inbound activity remains steady. So focus in the region is moving elsewhere: to rising India, steady-and-lucrative Australia and even Japan, where once-bloated conglomerates are streamlining portfolios under intense pressure from activist shareholders.

The Japanese bank is now well placed to take advantage of growing confidence in the country.

As relative newcomers to India’s financial markets, small finance banks have made considerable progress in attracting customers with little or no credit history. Ittira Davis, managing director and chief executive of Ujjivan Small Finance Bank, tells Asiamoney about initiatives to reach the country’s vast underbanked population.

ICICI Securities

ICICI Bank

Citi

Kotak Mahindra Bank