India Banking Research

Sep

Fintech in India has a bright future, with caveats

In recent years, India’s fintech market has come into its own, and is now one of the world’s largest. In Asia, it has arguably become the single most important market. A new report by Elevation Capital, which has offices in Bengaluru and Salt Lake City, Utah, finds that India’s fintech…

Sep

India Banking Research

India’s fintech investment surges in H1 despite pandemic

The pandemic didn’t stop India’s fintech investment from surging year-on-year in the first half of 2020. A new KPMG report shows that Indian fintechs raised US$1.7 billion from January to June, more than double the US$726.6 million during the same period a year ago. There were 70 deals in total.

Mar

India Banking Research

What went wrong at India’s Yes Bank?

Yes Bank, one of India’s largest private lenders, posted a US$2.5 billion loss in the October-December period as non-performing assets surged to 19% from just 2% a year earlier. To stymie further deterioration, the Reserve Bank of India (RBI) stepped in and took over Yes Bank in February. The bank’s…

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