With a significant unbanked population and the world's second largest number of mobile connections, India is a prime market for mobile banking. But, unlike other mobile banking markets, it is adopting a bank-led rather than telecommunications-led approach, with the largest institutions already rolling out services and the country's regulator keen to use it as a tool to improve financial inclusion.
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India: still solid as a BRIC?
January 2, 2013India stands at a crossroads. The country's potential remains huge, but its growth of late has been hampered by political infighting and weak governance, leading some to question if it is still worthy of its 'BRIC' status.
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On the brink: the banks just outside the Top 1000
August 1, 2012While The Banker's Top 1000 World Banks ranking published every July gives an insightful and unique snapshot of the state of the global banking market, our ranking of those banks featuring just below the ranking gives an excellent indication of the way in which the market is heading, and which countries and regions are on the rise.
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Reserve Bank of India confident that banks can grow to meet demand
July 2, 2012The evolution of the Indian banking sector has been slow and steady thus far, but with 60% of its population still unbanked and $1000bn of investment planned for the development of its infrastructure, India's needs are fast outstripping the sector's capabilities. Deputy governor of Reserve Bank of India Anand Sinha is confident that the country's banks can rise to this challenge, but there are areas that he believes they must improve on first.
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The state of play: India's banks in 2012
July 2, 2012Little is understood of India's banking sector outside of the vast country. The Banker talks to the chairmen and CEOs of 15 of India’s leading banks about their strategies, prospects and the huge opportunities presented by the country's large unbanked population.
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Federal Bank of India targets unbanked with safe, fast and easy payments
May 1, 2012A Surendran, a general manager and head of international banking with Federal Bank of India, tells The Banker about the bank's innovative payments strategy designed to improve access to banking channels and boost the provision of electronic transactions.
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Five principles of financial regulation for the post-crisis world
December 1, 2011As regulators the world over attempt to come up with rules to prevent a repeat of the global financial crisis, the Reserve Bank of India has adhered to five basic principles of financial regulation that all central banks would do well to follow.
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Indian bond markets take slow road to maturity
November 1, 2011India's vast infrastructure needs should make a larger bond market in the country indispensable. However, there are many regulatory obstacles to overcome.
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Mobile banking offers glimpse of India's future
March 21, 2011In a country where the number of landline phone owners and PC users is relatively low, and mobile phone ownership almost universal, mobile banking offers healthy opportunities to expand financial inclusion in India.
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CIO of India's HDFC Bank on the benefits of its new ATM network
January 31, 2011India's HDFC Bank recently upgraded its ATM network. The bank's chief information officer, Anil Jaggia explains how it has increased transaction speeds, boosted sales and implemented SMS-based anti-fraud measures.