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India's banking landscape, while distinct, shares some parallels with China's, especially in exposure to credit cycles and non-performing assets.
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The one-year loan prime rate was held at 3.65% for a sixth consecutive month, in line with the forecasts from all 13 economists surveyed by Bloomberg. The five-year rate, a reference for mortgages, was also kept at 4.3%, as expected, data from the People’s Bank of China showed.
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Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the three-year revolving loan include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.
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The Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of China, had sought summary judgment against Ambani over an alleged breach of a personal guarantee on a debt refinancing loan of around USD 925 million in February 2012.
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The optimism around US economy's growth and a strengthening dollar are signs that IT companies are going to give out a stellar performance in the long-term, says Mahesh Nandurkar, India Strategist at CLSA.
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Chinese lenders bought USD 107.9 billion worth of foreign currency in October and sold 122.5 billion dollars, resulting in a 49-percent month-on-month decline in net forex sales, according to data from the State Administration of Foreign Exchange (SAFE).
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Chinese banks have written off more than USD 300 billion of bad loans in the past three years, an official said on June 23 as Beijing seeks to reassure investors that the country can cope with its mounting debt problem
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Chinese banks saw their bad loans rise in the first quarter due to the slowing down of the world's second largest economy, but the risks were "under control", the banking regulator said today.
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Six months after sell-offs in Shanghai began to reverberate through markets worldwide, bond-rating agencies continue to rate Chinese banks' credit as investment grade, suggesting that if China does lead the world into recession, it will be a different affair than the sudden, sharp downturn catalyzed by the collapse of Lehman Bros.
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China has four GSIBs: Bank of China, Agricultural Bank of China,Industrial and Commercial Bank of China, and China Construction Bankwhich was added to the GSIB list only last week.
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The Hayman Capital Management founder and managing partner told CNBC's "Power Lunch" on Friday that Chinese banks have grown too large compared to the country's GDP.
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Sticky tape and chewing gum may be what`s needed to hold Chinese banks together as they learn to operate in an environment of slower economic growth and generally tighter liquidity conditions, says one banking analyst.
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The role played by Chinese lenders has drawn the ire of some industry critics, who say an already oversupplied global fleet will only get bigger because shipowners are taking advantage of cheaper quotes from Chinese yards compared to other builders.
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Chinese banks must rate their clients' risk of criminal conduct on a scale of 1-5 as part of the central bank's moves to curb money laundering and fraudulent transactions estimated at hundreds of billions of dollars a year.
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Gold premiums in Hong Kong rose to their highest in about five months on Tuesday as Chinese banks stocked up on bullion to avoid a supply crunch when refineries close shop for the year-end holidays.
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US justice authorities are broadly probing Chinese banks over their business with Iran, after one Chinese bank was hit with sanctions in late July. The authorities have extended investigations of British banks HSBC and Standard Chartered to search for information on Chinese banks' relationships with Iran that might have violated US sanctions,
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The RBI today gave Reliance Power permission to raise money from the US Exim bank and well as Chinese banks for projects in India. Chief executive officer, JP Chalsani tells CNBC-TV18 that they are planning to raise USD 2.2 billion which will be used for their Sasan Power project.
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Reliance Power has got RBI nod to raise USD 2.2 billion from US Exim and Chinese banks, reports CNBC-TV18. It touched a 52-week low of Rs 75.25. At 11:36 hrs the share was quoting at Rs 76.00, down Rs 3.80, or 4.76%.
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Bankers are sizing up India lending opportunities in the wake of new rules announced last Thursday which allow India borrowers greater access to overseas borrowings and, for the first time, yuan debt.
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The Indian banking sector is poised to become the world's third largest in asset size over the next 14 years, a report released here today said.
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Chinese banks have started offering loans on projects at lower rates to finance more than USD 50 billion worth of power equipment for Indian companies. For Indian power firms, this is a big leg-up since local banks are reluctant to lend to these companies.
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Growth in bank lending to local government finance vehicles in China has been steadily slowing as Beijing take steps to curb such reckless practices, Communist Party mouthpiece the People's Daily said on Saturday.
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Despite a flurry of deals last year that raised nearly USD 82 bn, stock and bond sales by China's banks are expected to continue as the industry pumps out loans to support its economy.
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Chinese banks continued their lending frenzy in the beginning of the year, doling out 500 billion yuan (USD 75.6 billion) in new loans in the first week of January alone, putting fresh pressure on the central bank to tighten policy to put a lid on inflation.
