News

11 Indian banks to launch blockchain-linked fund for SMEs

YES Bank and Kotak Mahindra Bank are some of the member lenders.

Indonesia urged to cut bank network to 70 lenders

The bank association believes that this is the ideal number to foster competition.

Chart of the Week: Thai banks ramp up lending to risky SMEs

SME loans accelerated to 7.2% in September 2018 from 2.4% in 2017.

Vietnam to put an end to cross-ownership at banks by 2020

The number of cases between direct share ownership between banks and enterprises fell to 4.

1MDB scandal fails to shake trust in Malaysian banks: survey

Banking is still the most trustworthy profession for Malaysians.

South Korea has no plans to issue a digital currency soon

The central bank said there is no immediate need to introduce such currency.

Singapore banks' loan growth to grind to a halt at 0.5% by end-2019

Mortgage loans and business-related loans are caving under pressure.

7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey

However, 22% admit that the former are less trustworthy than old-guard lenders.

Korean major banks to cut working hours

The move comes after the country implemented a 40-hour work week.

Singapore mortgages slow sharply as sentiment sours

Home loan growth slowed to 1.9% in January-November 2018 from 4.2% in 2017.

Taiwanese banks' year-end loans receive boost from heated consumer spending

Housing loans rose for the 22nd straight month to $226.97b.