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Chinese regulator's MSE loans buy won't help regional banks' capital
Chinese regulator's MSE loans buy won't help regional banks' capital
But ChongQing Rural Commercial Bank and Bank of ChongQing will slightly benefit.
Risk-averse investors push Singapore bank deposits up
Foreign currency deposits skyrocketed to $19b (S$27b) in April.
Personal loans, NBFCs anchor surge in Indian outstanding bank credit
Both segments comprised 73% of incremental credit in April.
China shuns ‘clean coal' in new green financing guidelines
Billions of yuan have been used in green financing of coal-related projects.
Indian credit demand surges but recovery still far ahead
Gross non-performing loans drove the increase in credit.
Indonesian banks face aggravated headwinds as pandemic grows
Restructured loans have grown considerably and will increase further.
ADB inks $300m loan to boost Indonesia's geothermal capacity
It will support the construction and commissioning of two geothermal plants in Java.
Malaysian firms lose 40% of new accounts as locals look to open online
Only 6-9% of customer finish applying for a non-fully digital account opening service.
Singapore's circuit breaker spells downturn in loan growth
Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.
India may inject almost $20b into state-owned banks
A final decision could be made in H2 of India’s fiscal year.
Singapore big three's total dividends to decline 3.1% in 2020
UOB is expected to suspend its special dividend for the fiscal year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
Stable playing field a gain for Singapore banks: report
High credit costs can be covered by profits.
Asian banks face consolidation as fintechs, neobanks usurp market
Banks’ hopes for survival lie in the US$100b of new revenue opportunities, reports McKinsey & Co.
Chart of the Week: Malaysia's consumer loan growth to decelerate in 2020
There’s just little banks can do to encourage people to take out loans.
Weekly Global News Wrap: UBS to inject millions into fintechs; Deutsche Bank chair to bow out after 2022
And two Canadian banks post better than expected results despite profit declines.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
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1. UOB maintains profitability despite possible slower loan growth 2. Sea rebrands digital finance business SeaMoney to Monee 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 5. Malaysia’s development banks told to plug lending gap for MSMEsResource Center
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