For once, the fine print in India hasn’t damped enthusiasm for the broad-brush plan. New Delhi’s Rs2.11 trillion bank recapitalisation, detailed last week, goes to the heart of state-run lenders’ acute capital shortage. With a little help from the global economy—and from finance minister Arun Jaitley’s forthcoming budget—India Inc. can finally rediscover its missing animal spirits. Soaring equity valuations will ...

Bloomberg Pressure on the ratings of India’s state-owned banks is set to ease after the government unveiled plans to inject 881 billion rupees ($14 billion) of fresh capital to help the lenders meet looming Basel norms without hurting a nascent recovery in credit growth. “The large recapitalisation is credit positive and will stem downward pressure on viability ratings, which have ...

Bloomberg DBS Group Holdings Ltd. plans to increase the number of relationship managers in its private banking business to tap into surging Asian wealth. Headcount will rise between 10 percent and 20 percent this year — after increasing more than 20% in 2017 — adding to a team that currently comprises 200 private bankers, Lawrence Lua, deputy private-banking head, said ...