News
Sri Lanka opens first Sharia-compliant commercial bank
Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.
Sri Lanka opens first Sharia-compliant commercial bank
Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.
CIMB bolsters India-Asean business flow
CIMB will be looking at investment opportunities for Malaysian and Asean companies to invest in India and vice-versa.
Company starts Japan-Nepal money transfer business
Japan Money Express has formally started its operation to provide reliable service to the Nepalese people working in Japan through its 400 agents in Nepal.
Depositors demand money from collapsed Indian bank
Hundreds of depositors gathered outside the Veershaiva Co-operative Bank's branch in Andheri in north Mumbai to demand their money back after the bank was taken over by the Reserve Bank of India.
Banking operations in India hit by nationwide strike
Most banking transactions across India were affected by strikes of some one million staff.
Siam Commercial offers income tax payments through credit card
The service will ease payment of SME owners and will allow the lender to expand customer base and product cross-selling.
HDFC Bank kicks off ATM income tax payment service
The service can be accessed by the bank’s $256,718 debit card holders at 5,998 ATM outlets in 1,111 Indian cities.
StanChart to employ 2,000 people globally
The lender in a hiring spree amidst job cuts in HSBC and Barclays.
HSBC continues to hire in China
Despite cutting 10% of its total staff, the lender continues to employ in one of its high-growth markets.
IBK increases second quarter earnings by 20.9 %
Industrial Bank of Korea's second-quarter net profit climbed 20.9 percent from a year earlier.
Woori back to profit to $752mn in second quarter
The company posted a $674.61mn gain from selling 8.3 million shares in Hyundai Engineering & Construction last April.
CIMB expects Matta tie-up to boost currency business up to 45%
CIMB Bank expects a 40-45 % growth in turnover from its currency exchange business this year after a tie-up with the Malaysian Association of Tour and Travel Agents.
OCBC increases 2nd quarter net profit by 15%
Oversea-Chinese Banking Corporation Limited 's second quarter grew by 15 % year on year to 577 million Singapore dollars or US$476.9 million.
China bars local companies from direct overseas CNY borrowing
Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market.
India banks’ bad debts rise further
Experts said NPA’s may grow more behind rising interest rates and demand slowing in pace with the economy.
Shinhan Financial more than doubles second quarter net income
Shinhan Financial's second-quarter earnings more than doubled from a year ago on a rise in non-interest income and lower loan-loss reserves.
J&K Bank posts Rs 182 crore quarterly profit
The Jammu and Kashmir Bank posted a net profit of Rs.182 crore of Rs.1,820 million for the first quarter of this fiscal ending June 30.
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