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…)

The world’s population of high net worth individuals (HNWIs) grew 17.1% to 10.0 million in 2009, returning to levels last seen in 2007 despite the contraction in world gross domestic product (GDP). (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…)

If there is any indication that women are breaking through the glass ceiling, this one is surely bankable. Women are walking away from jobs traditionally assigned to them and taking up ones that fetch them credit and solutions to the societal problem. The banking sector is one of those where women are not getting stuck in the rafters. (more…)

Indian banks no longer see a threat in the foreign counterparts, due to the inadequate strategies. “Unless they bring in a lot more money and come up with a completely differently strategy, the foreign banks are no serious competition,” said Aditya Puri, HDFC Bank, Managing Director. (more…)