Industry experts gather in South Asia

Cover Story
Banking & Payments Asia
Edition 20, October 2010

Prepaid Summit South Asia 2010 in Mumbai last month brought together experts and thought leaders in the prepaid industry to discuss opportunities for financial institutions, retailers and government agencies in the prepaid space. Delegates from across the globe attended the inaugural event. Shubhreet K reports

There is no doubting that the future of not just the banking industry but many others relies on the success of the prepaid platform. Prepaid has been highlighted as an ideal consumer and corporate tool to cut costs and control spending. Whether you are a bank, a retailer or a government agency, there will always be a need to innovate and look for new ways of generating revenue. A prepaid platform can be that innovative solution across industries.

Today’s challenges, tomorrow’s hope

October 2010

Foreign banks remain strongly committed to China despite the global economic crisis, but with local banks learning the ropes very quickly and a demanding regulatory environment, they may have to look for innovative new ways to make their mark in a crowded market. Shubhreet K reports.

New challenges loom for foreign banks operating in China. The fifth Foreign Banks in China survey by PricewaterhouseCoopers points to a demanding regulatory environment coupled with increasing competition from domestic banks. However, foreign players continue to be enthusiastic about growth prospects in China despite complex roadblocks.

Maybank flying high on growth plans

October 2010

India infrastructure boost to lead credit growth

Edition 20, October 2010
Shubhreet K

The Reserve Bank of India estimates a gross domestic profit (GDP) growth of 8.5 percent in 2010-11. The unprecedented growth estimate is largely fueled by investments. Sameer Narang, an economist with HDFC Securities thinks this will have a big impact on the investment trends in Indian economy and on the Indian banking and financial industry itself.
In the last three years, investments in the Indian economy were over $1.3 trillion. Pri- vate corporate investments are fueling the growth in the Indian economy.