Few outside Sri Lanka would equate the island with Islamic banking, but the sector is growing fast and pulling in hitherto unbanked customers.

Thanks to new capital and accounting rules, higher costs and increased competition, the island’s cosy banking sector is heading for a long overdue shake-up.

Domestic banks say that even if foreign rivals haven’t given up the ghost already, they face a tough future in India. International banks see a brighter future beyond meagre fees as Indian markets mature. They can’t both be right.

In an exclusive interview, Baroda chief executive PS Jayakumar admits failings in the bank’s South African operations, but denies institutional wrongdoing.

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Singaporean bank adds to Indian franchise, but profitability of new ventures remains some way off.

It’s boom time in Colombo’s property market, eight years after the end of the civil war, as soaring towers transform the colonial-era city into a would-be south Asian Dubai. That’s the government’s plan, but who is going to pay for it, in an economy already deep in debt?

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. What lies ahead as competition between the two exchanges intensifies?

A management shake-up and a renewed focus on financing small and medium-sized enterprises have boosted Brac Bank’s performance. But CEO Selim Hussain says he is nowhere near finished when it comes to unleashing the bank’s potential.