Japanese Esports Team Can Start Receiving Its Pay In Cryptocurrency
In Japan, an eSports team has the option to receive players' salary in XRP because of a partnership.
Indian Economy Shrank By Record 23.9% In April-June Quarter
India’s economic woes have been exacerbated by a spike in COVID-19 cases
India’s Largest State-Owned Bank Weighs Permanent Remote Workers
The State Bank of India, which has about 250,000 employees, said it will allow its staff to work remotely in an effort to prevent the spread of COVID-19, reduce operational costs and improve employee productivity.
Indian Banks Increasingly Offer Gold-Backed Loans As Alternative Lending
India is the world’s second largest consumer of gold after China
Consolidation of India’s Public Sector Banks Takes Effect
The Indian government has completed the merger of six state-run banks into four larger lenders.
India's Yes Bank Rescue Plan Approved, Posts Big Loss
A central bank-backed proposal to rescue embattled Yes Bank has been approved and withdrawal limits will be lifted, officials said, as India's fourth-largest private lender posted a big quarterly loss.
India's SBI To Invest $977 Million In Yes Bank
India's SBI to invest $977 million in Yes Bank
India's Yes Bank Shares Surge On Rescue Hopes
India's Yes Bank shares surge on rescue hopes
India's Yes Bank Founder Arrested On Money Laundering Allegations
India's Yes Bank founder arrested on money laundering allegations
Shares Crash In India's On-the-brink Yes Bank
Shares crash in India's on-the-brink Yes Bank
India's Central Bank Moves To Rescue Major Lender
India's central bank moves to rescue major lender
Rat Chews Through Over $18,000 Cash Inside ATM
A rat was responsible for chewing through thousands of dollars in an ATM inside a bank in Tinsukia, India.
Indian Tycoon Mallya Offers $904M Settlement To Lenders
Vijay Mallya, once known as the “King of Good Times,” mainly because of his lavish lifestyle, owes an estimated $1.3 billion to several banks in the country.
Indian Liquor Baron’s $75M Severance Blocked
A court ruled Monday that lenders had a first right on the compensation due to be paid to Vijay Mallya by London's Diageo.
India's Benchmark Stock Index Slumps To Biggest Daily Loss Since 2013
The BSE Sensex and Nifty fell over 3 percent, posting their biggest daily loss since the rupee crisis in 2013.
India Gets New Islamic Equity Fund
India's 175 million Muslims are unable to use Islamic banks because of laws requiring banks to charge interest, which is forbidden in Islam.
Shattered Glass Ceiling: Why Indian Female Executives Are Thriving In Its Banking Sector
State-owned banks headed by women control 45 percent of all of India's public sector bank deposits and 50 percent of all loans.
India’s State Bank Employees Strike To Protest Government’s Planned Reforms
About 70,000 bank branches – including The State Bank of India, the nation’s largest public sector bank – will be idle.
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Bank Staff Begin 2-Day Strike Against Reforms
Bank employees in India began a two-day strike on Wednesday to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector.
India Urges State Banks to Increase Lending for Consumer Durables
Finance minister urged state-run banks to increase lending for consumer durables on Saturday, saying this would help boost the manufacturing sector which has been caught up in the slowdown of the economy.
India's Kingfisher Airlines Reports 147% Increase In Losses
India's struggling private air carrier Kingfisher Airlines Saturday reported a 147 percent increase in its loss to 6.51 billion rupees for the quarter ending June 30, compared with a loss of 2.64 billion in the same period a year ago.
ICICI Bank Q1 Profit Jumps 36 Percent, Beats Forecast
ICICI Bank(ICBK.NS), India's top private lender, posted on Friday a 36.3 percent jump in quarterly profit, its strongest growth in more than a year, helped by robust loan growth, high fee income and better asset quality.
Asian Stocks Rise On Upbeat US Earnings Reports
Asian markets rose Thursday as investors were encouraged by healthy earnings reports from the U.S. companies which alleviated concerns of faltering business conditions.
Kingfisher Cancels Flights Due To Pilots' Strike; Lenders Ask Vijay Mallya To Pump Money In From His Liquor Business
The State Bank of India (SBI), the prime lender to the debt-stricken Indian private air carrier Kingfisher Airlines, said Tuesday that a full recovery of its loans might not happen immediately. The ailing airliner owes $1.4 billion in loans to 17 plus lenders, who have asked the company to infuse fresh capital.
Lenders Ask Kingfisher To Sell Assets
A consortium of lenders of the cash-strapped Kingfisher Airlines Thursday asked the Indian private carrier to sell its properties in Goa and Mumbai and to come up with concrete steps to improve its operations.
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