Closer study of China's new microfinance rules makes listing look unlikely – or that it happens on a much smaller scale some time in the future; micro-lending was making regulators nervous long before Jack Ma gave his notorious speech.
“We have not seen global banks buying into Indian banks in a distressed situation. Usually when an Indian bank goes into distress, the RBI intervenes and merges the bank with a local state-owned bank. So, this is the first high profile instance of a distressed Indian bank merging with a foreign bank under the regulator's instruction.”
Amit Tandon, founder and managing director of Institutional Investor Advisory Services on moves to enable DBS to expand in India