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The central bank hopes that lenders start deploying open APIs within six months.

Lenders still need to launch extensive Basel implementation plans.

The move follows the exit of US from the nuclear agreement deal.

The latest capital infusion aims to enable banks to build capital buffers.

New credit as a percentage of GDP has plunged to a near-three-year low in June.

A healthy system has between three to five public and private sector banks.

Lenders have one more year of relief amidst previous approvals they drew down.

Rajasthan village has no banking infrastructure to serve its 5,500 residents.

Regulators are eyeing the same set of capital guidelines used for conventional assets.

This involves the participation of the central bank and seven other lenders.

And an Islamic banking entity with about $92b in assets may be in the works. From Bloomberg: The biggest banks’ push into mobile is running out of low-hanging fruit. Bank of America Corp. added active mobile customers at a slower pace for at least the fourth quarter in a row in the three months through June. JPMorgan Chase & Co.’s active mobile customers increased 2.4 percent in second quarter. A year earlier, the jump was 4.1 percent.

Consumer gross impaired loan ratio has plunged to a historical low of 1%.

Household loans dominated monthly lending.

The app’s wide payment capabilities poses a risk to conventional banks.

Every 10bps rise in SIBOR could offset a 1ppt slowdown in loan growth.

Trailing only behind Italy, the country has a bad loan ratio of 11.6%.