India's largest bank not constrained by merger cost.
State Bank of India Chairman Pratip Chaudhuri said the bank is likely to merge at least one of its associate banks with itself by the end of this year. Read ››
Over a third of towns without banking offices.
The Bangko Sentral ng Pilipinas, the central bank, said rural banks also need to expand their operations since only 20% of Filipino households have deposit accounts. Read ››
Spurred by successful US$1.7 billion trade last year.
The Industrial and Commercial Bank of China, China’s largest bank, plans to establish a renminbi cross-border business center in Luxembourg to cover Europe. Read ››
Remains intent on asset acquisition to fuel expansion.
RHB Bank Bhd Thailand, Thai unit of Malaysia's fourth-largest lender, intends to boost capital to go forward with an aggressive expansion plan. Read ››
Branch expansion a hedge against tougher regional competition.
Nestor Tan, President of BDO Unibank Inc., the largest Philippine lender by assets, said the bank will add 50 more branches to its network this year. Read ››
Expansion will see 20 branches by 2018.
State Bank of India’s network expansion attests to the strong appeal of the UK as a retail banking market notwithstanding its maturity and tougher regulation since the 2008 financial crisis. Read ››
Foreign banks could own majority shares in joint-venture banks.
New legislation due to be passed in April might allow foreign banks to own to also apply for licenses for wholly-owned subsidiaries. Read ››