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Vietnam's central bank cuts ceiling on deposit rates
Vietnam's central bank cuts ceiling on deposit rates
1-month and 6-month term interest rate ceilings were eased to 0.8% and 5%, respectively.
China's central bank trims lending rate to 2.5%
This is the first such cut in more than four years.
Mergers of China's small banks won't buoy reforms in the sector: report
Local governments may be resistant to give up control of their assets in regional banks.
India's central bank chief calls for tighter scrutiny of state-run banks
RBI has limited sway over state-owned lenders, who control 60% of the banking sector.
Sri Lankan banks' bearish outlook to extend until end-2019
The country is still reeling from the aftermath of the Easter Sunday attack last April.
How did Japan's banks survive without passing on negative rates?
Despite tight margins, Japanese banks have higher survival chances than European banks.
Singapore fintechs nab 51% of funding in ASEAN as of Q3
Singapore Life’s $150.39m funding was amongst the year’s notable deals.
Singapore's big three banks averaged total return of 12% YTD
DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.
China's ailing small lenders stay afloat through local government bailouts
In at least one deal, non-performing loans were sold at above-market rates.
Central Bank of France to open first Asian office in Singapore
It aims to forge closer relations with APAC central banks and financial authorities.
China may launch digital currency in 2-3 months
They already have a system and network ready.
Weekly Global News Wrap: HSBC and RBS gears up digital banking platforms; Former bankers from Deutsche, Nomura fined $162m
And Deutsche Bank AG top officials worry that its new senior hire may not be up to the task.
Chart of the Week: Systemic risks still weighing on Asia's fintech markets
Even the world’s biggest fintech market, China, suffers from substantial industry risk.
Malaysia's central bank extends maximum tenor of repo to 5 years
This expands the previous deadline of only one year.
South Korea launches digital open banking service
Users may access all local bank accounts through their own mobile banking apps.
Singapore's central bank may extend $225m fintech funding programme beyond 2020
It eyes increased investments in cybersecurity and AI.
Rocky road ahead for profits of China's smaller banks
Their reliance on government bonds and lack of structural change are worrisome in the long-term, according to Natixis.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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