News
MAS tightening to bolster Singapore banks' performance
MAS tightening to bolster Singapore banks' performance
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
Which APAC banks need to brace for IFRS 9 impact?
Find out which banks may face difficulty amidst a lack of long-run historical data.
Can Hong Kong banks meet IFRS 9 requirements on time?
Profitability may be hit amidst higher provisioning prerequisites.
Indian banks are facing another massive cash crunch
ATM withdrawals are surging as the country still reels from the 2016 demonetisation.
PIN numbers may soon be a thing of the past for Japanese banks
JCB Co. is testing its contactless payment solution using fingerprint authentication.
Chinese banks may ramp up lending amidst $63.62b additional liquidity
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
APAC's bancassurers turn to blockchain to enhance offerings
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
Weekly Global News Wrap Up: Blockchain may hammer Swiss banks; US banks can cash in on higher Libor
And it's the start of a good year for BofA as profits rose 34% in Q1.
Chart of the Week: How open is Asia to branchless banks?
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
Asia beats Europe in developing new payments technologies
The region has attracted more fintech investments than North America and Europe.
Nearly 8 in 10 Singaporeans open to branchless banking
It helps that digital banking penetration in the lion city is high at 97%. Nearly 8 in 10 banking customers in Singapore admitted that they would consider opening an account with a branchless, digital-only banks, according to a report from management consultancy firm McKinsey. Of this number, Singaporeans are willing to migrate more than a third or approximately 35% of the assets in their accounts to a digital wallet.
Singapore banks' bad loans are on the rise
Aggregate NPL ratio of local banking groups rose from 0.4% to 1.6% in 2017.
China makes headway in denting distressed debt
Foreign investors are rushing into the country to purchase its NPLs.
Indonesian banks' loan growth poised to hit 8.3% in Q1
Manufacturing loans, which accounts for a lion's share of credit, is expected to register sluggish growth.
Regulator punishes 7 Taiwanese banks embroiled in loan scandal
Over 50 senior bank managers have been reportedly demerited.
Can India ease its bad loan woes before another banking scandal erupts?
The recovery loan on defaulted loans in the country are at a dismal 26%.
China relaxes informal deposit rate ceiling for commercial banks
This may help Beijing curb growing shadow banking activity.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation