News
Ex-CEO, directors of Envision Wealth Management charged by MAS
They allegedly committed offences against the Securities and Futures Act, amongst others.
India’s HDFC Bank penalised by state tax officer of Gujarat
This is due to “disallowance of input tax credit” under section 73 of the CGST Act.
Trust Bank is most positively viewed financial brand by Singaporean women
It beat out other banking heavyweights and card network giants to emerge on top.
Mox Bank, CMB Wing Lung Bank warns of fake websites
Both banks have reported the incidences to the Hong Kong Monetary Authority.
BOCHK warns against fraudulent website
The bank denied any connection to the site and has reported it to authorities.
OCBC’s Mayda Lim in building the next pipeline of tech, banking talent
Lim weaves the need to support women bankers with the wider talent shortage in the industry.
CIMB Islamic, PETRONAS inks deal for Islamic commodity derivatives
This is PETRONAS’ first venture towards Shariah-compliant derivatives.
No record-high earnings for Singapore banks in 2024, but loans to recover
The US Federal Reserve is expected to start cutting rates in mid-2024.
Mox Bank launches 24/7 equities and fund trading services
Customers can invest as little as HK$1.
Currencycloud obtains In-Principle Approval for MPI licence in Singapore
It offers to ability to collect, convert, and spend multiple currencies across 180 markets.
Thailand publishes rules for virtual bank license applications
Applications begin on 20 March until 19 September 2024.
CIMB Personal Loan offers 2.8% interest rate per annum
Loans of over S$30,000, with a tenure of at least 3 years, can qualify for this.
New rules, price caps to push more mergers amongst Indonesia’s P2P lenders
The regulations will raise compliance costs, but price caps will make it hard to offset them.
Japan to break free from negative rate policy after wage hike: analyst
The negative rate environment is likely to end in April 2024.
Public Bank net profits up 8.7% in 2023; 10 sen interim dividend proposed
Total dividend is 19 sen per share for 2023, to be paid out on 22 March.
Indian commercial banks’ bad loans declined by 21.1% in 2023: analyst
Net non-performing assets dropped to a record low in Q3 FY2024.
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