Indian Banking Update

The Indian banking industry is witnessing robust growth under the influence of a changing regulatory environment, rapid technological advancements, heightened competition and consolidation. Growth in the industry, centralization and penetration of IT...

Private sector Dhanalakshmi Bank, has successfully wooed several whiz-kids from India Inc blue-chips with a view to build a top-quality
management team and transform itself into a next-gen banking powerhouse. Senior management personnel from ICICI Bank, HSBC, IDFC, Zee and Siemens have been brought on board to give a new thrust to the bank which aims to break into the top-five league...

First Centennial Bank of Redlands, Calif., was seized by a state regulator, the third bank in the nation to fail this year.
First Centennial, with $803.3 million in assets and $676.9 million in deposits, was shut by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation was named receiver....

Three private banks- Axis Bank, HDFC Bank and IndusInd Bank- have reported earnings growth of over 40% in Q3. This, at a time when banks worldwide have collapsed and there is an earnings debacle forecast for non-financial firms in India. How come? Is...