News

24 Apr 18
The Jan Dhan Scheme has brought an additional 310 million people into the banking system.
24 Apr 18
InstaPay enables transactions of up to PHP50,000 per day.
23 Apr 18
The cut aims to encourage banks to move from WMPs to deposit funding.
23 Apr 18
The banking sector is saddled with $210b in problem loans.
23 Apr 18
HSBC and BOC have stopped offering the popular loans whilst ICBC will stop on May 1.
20 Apr 18
Almost half of adults now have a bank account, up from a fifth in 2011.
20 Apr 18
Loan growth is expected to slow in 2018.
20 Apr 18
Rising property loans and household indebtedness may pose problems for banks’ balance sheets soon.
20 Apr 18
DBS, ANZ, Kasikornbank, and ICBC are amongst the participants.
19 Apr 18
IFRS 9 will support Beijing’s bid to curb credit growth and balance sheet consolidation.
19 Apr 18
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
19 Apr 18
Find out which banks may face difficulty amidst a lack of long-run historical data.
19 Apr 18
Profitability may be hit amidst higher provisioning prerequisites.
19 Apr 18
ATM withdrawals are surging as the country still reels from the 2016 demonetisation.
19 Apr 18
JCB Co. is testing its contactless payment solution using fingerprint authentication.
18 Apr 18
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
18 Apr 18
And it's the start of a good year for BofA as profits rose 34% in Q1.
18 Apr 18
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
18 Apr 18
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
17 Apr 18
It helps that digital banking penetration in the lion city is high at 97%.
17 Apr 18
Aggregate NPL ratio of local banking groups rose from 0.4% to 1.6% in 2017.
17 Apr 18
Foreign investors are rushing into the country to purchase its NPLs.
17 Apr 18
Manufacturing loans, which accounts for a lion's share of credit, is expected to register sluggish growth.
16 Apr 18
Over 50 senior bank managers have been reportedly demerited.
16 Apr 18
The recovery loan on defaulted loans in the country are at a dismal 26%.
16 Apr 18
This may help Beijing curb growing shadow banking activity.
13 Apr 18
This marks the lowest level since the global financial crisis struck.
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.
13 Apr 18
The world’s wealthy are increasingly turning to Asia.
13 Apr 18
The central bank is taking a more organic approach, enabling banks to share data on their own.
12 Apr 18
The leeway would give banks much-needed time to raise more capital.
12 Apr 18
It has already bought $9.4b in NPLs from various banks.
12 Apr 18
Seven in 10 banks intend to utilise AI to streamline bill payments.
12 Apr 18
Almost half believe non-banks provide better assistance than traditional banks.
11 Apr 18
The event will be held on April 25 at the Shangri-La Hotel, Kuala Lumpur.
11 Apr 18
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
11 Apr 18
NPL volumes hit $9.8b in 2016 representing almost a double increase in bad loan ratio.
11 Apr 18
NPLs hit $3.2b as of September 2017 with NPL ratio at a stable 1.9%.
11 Apr 18
And here’s the real cost of Brexit to the UK financial services industry.