News

Bank account ownership in India surges to 80%
24 Apr 18
The Jan Dhan Scheme has brought an additional 310 million people into the banking system.
Philippine banks go digital with launch of electronic fund transfer service
24 Apr 18
InstaPay enables transactions of up to PHP50,000 per day.
China's RRR cut cushions lenders against impact of intensified shadow banking crackdown
23 Apr 18
The cut aims to encourage banks to move from WMPs to deposit funding.
India's banking woes dampen economic outlook
23 Apr 18
The banking sector is saddled with $210b in problem loans.
Hong Kong banks scrap fixed-rate mortgages as interbank lending rates surge
23 Apr 18
HSBC and BOC have stopped offering the popular loans whilst ICBC will stop on May 1.
Indonesia makes headway in curbing its unbanked population
20 Apr 18
Almost half of adults now have a bank account, up from a fifth in 2011.
Will the looming property slowdown set back Hong Kong banks?
20 Apr 18
Loan growth is expected to slow in 2018.
APAC banks grapple with growing property risks: Fitch
20 Apr 18
Rising property loans and household indebtedness may pose problems for banks’ balance sheets soon.
APAC banks to launch cross-border real-time payments via SWIFT gpi
20 Apr 18
DBS, ANZ, Kasikornbank, and ICBC are amongst the participants.
New reporting standards to aid China's shadow banking crackdown
19 Apr 18
IFRS 9 will support Beijing’s bid to curb credit growth and balance sheet consolidation.
MAS tightening to bolster Singapore banks' performance
19 Apr 18
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
Which APAC banks need to brace for IFRS 9 impact?
19 Apr 18
Find out which banks may face difficulty amidst a lack of long-run historical data.
Can Hong Kong banks meet IFRS 9 requirements on time?
19 Apr 18
Profitability may be hit amidst higher provisioning prerequisites.
Indian banks are facing another massive cash crunch
19 Apr 18
ATM withdrawals are surging as the country still reels from the 2016 demonetisation.
PIN numbers may soon be a thing of the past for Japanese banks
19 Apr 18
JCB Co. is testing its contactless payment solution using fingerprint authentication.
Chinese banks may ramp up lending amidst $63.62b additional liquidity
18 Apr 18
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
Weekly Global News Wrap Up: Blockchain may hammer Swiss banks; US banks can cash in on higher Libor
18 Apr 18
And it's the start of a good year for BofA as profits rose 34% in Q1.
Chart of the Week: How open is Asia to branchless banks?
18 Apr 18
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
APAC's bancassurers turn to blockchain to enhance offerings
18 Apr 18
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
Asia beats Europe in developing new payments technologies
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
Nearly 8 in 10 Singaporeans open to branchless banking
17 Apr 18
It helps that digital banking penetration in the lion city is high at 97%.
Singapore banks' bad loans are on the rise
17 Apr 18
Aggregate NPL ratio of local banking groups rose from 0.4% to 1.6% in 2017.
China makes headway in denting distressed debt
17 Apr 18
Foreign investors are rushing into the country to purchase its NPLs.
Indonesian banks' loan growth poised to hit 8.3% in Q1
17 Apr 18
Manufacturing loans, which accounts for a lion's share of credit, is expected to register sluggish growth.
Regulator punishes 7 Taiwanese banks embroiled in loan scandal
16 Apr 18
Over 50 senior bank managers have been reportedly demerited.
Can India ease its bad loan woes before another banking scandal erupts?
16 Apr 18
The recovery loan on defaulted loans in the country are at a dismal 26%.
China relaxes informal deposit rate ceiling for commercial banks
16 Apr 18
This may help Beijing curb growing shadow banking activity.
Korea's bad loans shrink as new NPLs stood at $1.59b in Q1
13 Apr 18
This marks the lowest level since the global financial crisis struck.
Chinese private banks lead Asia's wealth management business
13 Apr 18
The assets of top Chinese onshore private banks grew 25.5% whilst Asia rose by a mere 7.4% in 2013-2017.
Asian private banking assets hit $2.01t in 2017
13 Apr 18
The world’s wealthy are increasingly turning to Asia.
Singapore refuses to compel banks to divulge open banking data
13 Apr 18
The central bank is taking a more organic approach, enabling banks to share data on their own.
Bad debt burden delays Basel III adoption in Indian banks
12 Apr 18
The leeway would give banks much-needed time to raise more capital.
Can the VAMC single-handedly halt Vietnam's bad loan woes?
12 Apr 18
It has already bought $9.4b in NPLs from various banks.
APAC banks plan to use automated collections systems by 2019
12 Apr 18
Seven in 10 banks intend to utilise AI to streamline bill payments.
Singapore amongst the most open to digital banking
12 Apr 18
Almost half believe non-banks provide better assistance than traditional banks.
Why you should not miss the 2018 Retail Banking Forum in Kuala Lumpur
11 Apr 18
The event will be held on April 25 at the Shangri-La Hotel, Kuala Lumpur.
Hong Kong to link central bank system with Japan for faster cross-border transactions
11 Apr 18
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
Indonesian banks shoulder growing bad debt burden
11 Apr 18
NPL volumes hit $9.8b in 2016 representing almost a double increase in bad loan ratio.
How can Philippine banks fully shed off bad loans?
11 Apr 18
NPLs hit $3.2b as of September 2017 with NPL ratio at a stable 1.9%.
Weekly Global News Wrap Up: BofA halts lending to firearm makers; US watchdog may slap record fine vs Wells Fargo
11 Apr 18
And here’s the real cost of Brexit to the UK financial services industry.

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Events Calendar

Apr 25
2018 Asian Banking & Finance Retail Banking Forum - Kuala Lumpur Leg
Kuala Lumpur, Malaysia
May 03
Seamless Asia 2018
Suntec Convention Centre, Singapore
May 31
2018 Asian Banking & Finance Retail Banking Forum - Bangkok Leg
Bangkok, Thailand
Jun 20
Blockchain For Finance Conference, Asia Pacific 2018
Singapore
Jul 12
ABF Wholesale Banking Awards 2018
Shangri-La Hotel, Singapore
Jul 12
ABF Retail Banking Awards 2018
Shangri-La Hotel, Singapore
Jul 12
ABF Corporate & Investment Banking Awards 2018
Shangri-La Hotel, Singapore