India: Banking and Finance

India has the world’s third largest economy, but it is in the grip of a sharp slowdown. Are its banking reforms too timid? Also: how the central bank has been forced to focus on growth, the start-ups fighting to dominate mobile payments, and what banks can learn from shampoo sachets.

© Bloomberg

Government wants to reach the unbanked but its reforms are seen as too timid to boost economic growth

Mobile money upstarts race to sign up merchants in critical battleground for global players

Technology enables banks to redesign financial products that suit the needs of poorer Indian customers

Steering clear of glamour projects has shielded group from India’s bad-debt crisis

Banking reforms and mergers are too little to allow for faster lender growth

The new strategy under question as policy rate cuts fail to pass to borrowers quickly

Pension and sovereign wealth funds are pouring into tech, infrastructure and property