News
Indonesian banks poised for steady loan growth despite higher lending rates
Indonesian banks poised for steady loan growth despite higher lending rates
Lending will be led by big banks who can lure clients from smaller players.
Rural lending woes come knocking at Australian banks
Lenders may not be willing to take risks with little return guarantees.
Can Indonesian banks survive US tightening amidst persistent rupiah weakness?
The Indonesian rupiah has plunged to a three-year low.
China slashes reserve requirement to counter trade war pressures
The move releases around $108b in fresh liquidity into the system.
Bank satisfaction deep dives in Australia after damning probe
The number of customers unlikely to recommend their bank hit a two-year peak.
Singapore to be cheque-free by 2025
The government wants to reduce cash and increase e-payments.
Japanese banks speed up cashless push before 2020 Olympics
Mizuho, MUFG Bank, and Sumitomo have agreed to unify QR code specifications.
Indian banks ordered to streamline ATM security upgrades
This includes the installation of anti-skimming devices and whitelisting solutions by 2019.
Chinese audit office slams illegal activities by major banks
ICBC, BOC, and Citic extended loans to unqualified companies.
Singapore's PayNow expands to corporate fund transfers
The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.
India eyes stressed management company housing bad loans in power sector
Soured loans in the sector are estimated at $26.4b.
Chinese banks bad loans surge to $292.55b in May
NPL ratio also rose from 1.75% to 1.9%.
Korean banks to launch blockchain ID verification programme
‘BankSign’ will be officially rolled out in July.
Cards are chipping away at cash and cheque use in Australia
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
Vietnamese banks urged to tighten card issuance
A group claims that 50 million of the 132 million cards in circulation are not being used.
Weekly Global News Wrap Up: BofAML to pay $42m fine for misleading customers; Wells Fargo mulls merger of wealth units
And Goldman Sachs is investing $500m into women-led and owned firms.
Chart of the Week: Check out mobile wallet adoption across Asia
The value of non-cash transactions in China hit 50% in 2016.
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Event News
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