India

The new entrants are slowly gaining ground and finding ways to bring change to the financial industry. But their path to growth is handicapped by regulatory roadblocks.

India’s plan to set up a bad bank is set to be a game-changer for state lenders pressured by rising non-performing loans. But can the country’s authorities pull it off?

Corporate social responsibility got a big lift in India after the government made it mandatory in 2014 for large firms to spend at least 2% of their profits on such projects every year.

HDFC Bank’s transformation of its micro, small and medium-sized enterprise (MSME) business over the past few years makes it a worthy winner of this award.

Axis Bank’s big investment in its digital platform, and the way that has paid off, makes it Asiamoney’s best digital bank in India for the second year in a row.

DBS Bank’s long-term commitment to India – one of its six core markets, including its home base in Singapore – has not wavered since it first set up shop in the country in 1994. On the contrary, it has only strengthened in recent years, with the firm converting its India operations into a wholly owned subsidiary in March 2019.

India’s biggest banks all deserve plaudits for steering their firms in the right direction in 2020, despite facing an unprecedented global health crisis.

India’s biggest banks all deserve plaudits for steering their firms in the right direction in 2020, despite facing an unprecedented global health crisis.