Branch Banking

Standard Chartered unveils new branch at Singapore shopping centre
19 Feb 19
It features an automated Cash Bag Deposit machine for business banking clients.
Bank of Taiwan unveils representative office in Manila
4 Feb 19
Its next target for expansion include Vietnam, Indonesia, and Malaysia.
Indonesia urged to cut bank network to 70 lenders
31 Jan 19
The bank association believes that this is the ideal number to foster competition.
CIMB offers reimbursement scheme for foreign remittance
18 Jan 19
CIMB Preferred customers can get up to $24.31 per day.
Korea's IBK gets go-ahead for takeover of 2 Indonesian banks
15 Jan 19
It is aiming to merge the two banks to launch IBK Indonesia within 2019.
Maybank transfers community financial services business to Singapore subsidiary
5 Nov 18
Around 1,850 employees will be moved to the subsidiary.
Chart of the Week: Which ASEAN country has the largest branch network?
17 Oct 18
Thailand and Indonesia are the branch-heavy countries.
MUFG Bank to form venture with property agency to redevelop closed branches
11 Sep 18
The new company will also study where to put slimmed-down branches.
The ARK: UnionBank's take on the future of branch banking
30 Aug 18
A branch with no bank tellers, no long lines, and completely paperless, The ARK pushes the frontiers of digitalising the country’s banking...
UOB unveils subsidiary in Vietnam
7 Aug 18
It's the first Singapore bank to open a foreign-owned Vietnamese unit.
Is branch banking still relevant as Singapore lenders migrate their services online?
30 Jul 18
The branch-lite push could result in lower office space demand.
India to close a third of overseas public sector bank branches
24 Jul 18
Around 70 foreign branches may be shuttered by end 2018.
India's Federal Bank secures clearance to expand to Bahrain, Kuwait and Singapore
23 Jul 18
It is only awaiting local approval before starting operations.
BEA China is the first foreign bank receiving clearance to open Shenzen branch
23 Jul 18
The bank has received the greenlight from China's banking regulator.
China Bank to open 10 more branches before year ends
19 Jul 18
The bank has reportedly set aside as much as $186,000 per branch.
Indian ATMs and bank branches are falling short of hot demand
18 Jul 18
Rajasthan village has no banking infrastructure to serve its 5,500 residents.
China greenlights establishment of overseas banks
16 Jul 18
Arab Bank has received the green light to set up a Shanghai unit.
Korean banks secure clearance to expand foothold in India
9 Jul 18
KEB Hana Bank and KB Kookmin Bank are looking to tap into India's growing wealth.
Taiwan's Chang Hwa Bank opens Manila branch
5 Jul 18
The branch will be CHB’s 12th overseas foothold.
Punjab National Bank shuts down nearly all operations in fraud-hit Mumbai branch
4 Jul 18
Only retail operations are said to remain operational at the Brady House branch.
DBS on track to launch Indian subsidiary by October
27 Jun 18
The bank is only waiting for final greenlight from the central bank.
Woori Bank acquires financial institution in Cambodia
27 Jun 18
The bank renamed the combined entity as WB Finance.
Indian banks ordered to streamline ATM security upgrades
22 Jun 18
This includes the installation of anti-skimming devices and whitelisting solutions by 2019.
Bank of China to open branch in India
13 Jun 18
Approval from the central bank is expected shortly.
Standard Chartered to apply for virtual bank license in Hong Kong
11 Jun 18
The move follows the publication of revised guidelines by the central bank.
India mulls consolidation of state banks
7 Jun 18
Bank of Baroda and Canara Bank may absorb smaller lenders.
Standard Chartered to split Asia operations into Hong Kong and Singapore hubs
6 Jun 18
The move aims to curb costs and simplify the bank's structure.
Staggering costs prompt Japanese banks to shut branches down
18 May 18
MUFG Bank will cut the branch numbers by 20% whilst Mizuho will close around 100 domestic locations.
China Construction Bank unveils Shanghai branch fully managed by robots
11 May 18
AI, facial, and voice recognition tech power the self-service branch in Huangpu district.
Number of Taiwanese bank branches plunge to five-year low in 2017
11 May 18
This translates to 3,417 branches still in operation.
YES BANK receives go signal to open London and Singapore offices
25 Apr 18
It aims to serve the Indian population in the two economies.
Standard Chartered unveils innovation laboratory in Hong Kong
17 Apr 18
‘eXellerator’ will act as a testing space for the bank’s fintech products and services.
UOB opens first 'non-traditional' branch for millennial customers
25 Jan 18
The new branch has more self-service machines and a QR code wall.
CIMB to open first Philippine branch in 2018
20 Nov 17
It will be operational in the fourth quarter.
Bank Central Asia on the lookout for an acquisition target
31 Oct 17
It has set aside $295 to buy another bank.
A closer look at a ‘whole new way of banking' taking over India, Indonesia
24 Oct 17
DBS is changing the way people do their banking in two of the most populous countries in the world with its revolutionary digibank initiative...
Standard Chartered opens Global Business Services centre in India
16 Oct 17
The Bank expects to have 30% of GBS employees based in Bengaluru.
Which banks are launching virtual branches in Asia?
20 Sep 17
JP Morgan and Citi are amongst the banks deploying virtual branches.
DBS turns Indian franchise into wholly-owned unit
5 Sep 17
It plans to build 75-90 branches in India.
Sumitomo Mitsui to open office in Frankfurt office
5 Jul 17
The bank is avoiding Brexit 'disruption'.

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