India needs a strategy to get the government out of banking. Non-performing loans among state-owned banks — a legacy of India’s socialist past which account for nearly 70 percent of deposits — have crossed 5 percent of GDP. The central bank has restricted lending at 11 of them and forced one, IDBI Bank Ltd., to sell itself to the government-owned ...

Bloomberg Blackstone Group LP wants to crash the direct-lending party. In the seven months since dissolving a partnership with FS Investment Corp., Blackstone’s GSO Capital Partners unit has rebuilt its business making nonbank loans to small and mid-size companies. GSO has extended some credit already and plans to amass $10 billion of equity and debt capital for the effort in ...

Bloomberg Barclays Plc is considering a return to consumer banking in India as it seeks to deploy more of the capital it holds in the South Asian unit, people familiar with the matter said. The UK bank, which decided to pull out of the business in 2011, aims to rebuild the retail banking operation in Asia’s third-largest economy through digital ...