Nupur Anand
Stories by Nupur Anand
India’s microfinance sector struggles as defaults surge in pandemic
Loans overdue by 30 days are expected to reach 14-16% of all microfinance loans.
India investigates Binance unit for crypto transactions violating forex rules
WazirX is being investigated for violation of forex rules involving transactions worth $381.93 million.
Leading crypto exchanges weigh India foray despite potential ban
US-based Kraken, Bitfinex and rival KuCoin are reportedly exploring the market for entry.
DBS, OCBC, StanChart among potential bidders for Citi’s Asia consumer business
The businesses Citi is exiting had $82 billion in total assets.
India mulls stringent law that criminalises the possession, and issuance of cryptocurrencies
The bill would give holders of cryptocurrencies up to six months to liquidate.
India’s Future Group creditors mull options to recover loans worth $2.5b
Bankers have discussed a restructuring plan in the past week and are drawing up a blueprint.
Google removes Indian lending apps from Play Store to protect users
Apps that fail to comply with regulations will be removed without further notice.
India’s central bank suggests major overhaul of banking sector norms
Conglomerates, shadow banks, and niche payment banks can become lenders.
DBS faces potential culture clash as it scoops up distressed Indian lender
LVB, facing mounting bad loans, is set to be folded into DBS’s Indian subsidiary.
Google, Walmart’s PhonePe to be hit as India caps transactions by digital payments players
New caps do not apply to Reliance's Jio Payments Bank, or to Paytm.
