Indian banks are in good shape. We’ve heard that often enough from the Reserve Bank of India (RBI) and the government. (more…)

The past year’s expansion in Asia’s wealth management industry bears little resemblance to the boom of 2007, when firms were hiring indiscriminately and clients were less cautious, said the head of Credit Suisse Group AG’s private-banking unit in the region. (more…)

Standard Chartered is on course for another record first-half performance as the bank continues to reap the benefits of its exposure to the growing economies of Asia. (more…)

Fund management houses will increasingly adopt a “multi-boutique” or “virtual” structure, but will struggle to crack the potentially lucrative Asian market. Those are among the predictions of the latest annual industry report drawn up by Citigroup, Principal Global Investors and Create Research. (more…)

The number of Indians with investible resources in excess of a million dollars rose 51% on the back of a smart recovery in asset prices in 2009, according to the 2010 World Wealth Report released on Wednesday by Capgemini and Merrill Lynch Global Wealth Management Ltd. (more…)

Manulife Chief Philip Hampden-Smith says if new regulations come in and the co progresses in its talks with India, it can start looking at distribution models that reflect the new paradigm (more…)

Royal Bank of Scotland is in talks to sell its Indian commercial and retail unit to HSBC, Bloomberg reported, citing two people with the knowledge of the situation. (more…)

Standard Chartered Private Equity plans to invest in three to four Indian firms by the end of this year and sees opportunities in acquisition financing in Asia’s third-largest economy, a top official said . (more…)

The Royal Bank of Scotland is in the final stages of exiting the retail and commercial banking business in the Asia region that it came to own following its consortium-led acquisition of ABN Amro Bank in 2007. A senior official at the bank said he is hopeful of closing on the sale very soon. (more…)

An upsurge in the stock market in the past year has seen an ascent in the economy growing at 6% boosting the net worth of India’s rich lot. Mukesh Ambani tops this year’s list at a whopping $32 billion. The combined net worth of India’s richest people is US$276 billion, almost a quarter of the country’s GDP. (more…)