News

Banks are being encouraged to stimulate China’s economic growth at the local level by lending more to local governments and business firms.

 

Banks and non-bank institutions will continue to experience loan growth in the third, to a June survey by the Bank of Thailand.

Asian banks will continue expanding overseas to grow faster and improve yields.

Allahabad Bank reported a more than expected 23% net profit growth due to a Rs 120-crore cash recovery.

HSBC’s admission to money laundering for criminal syndicates compels regulators from both countries to exchange more information.

India’s YES Bank and Japan's Shinsei Bank enter into a comprehensive business alliance.

China reiterates its promise to boost bank loans to the more productive sectors of its wallowing economy and away from real estate speculation.

A low risk strategy enables India’s ICICI Bank to post a net profit of US$327 million in the first quarter.

US investment bank Piper Jaffray & Co will exit its money-losing operations in Hong Kong this September

The Philippine Deposit Insurance Corp. has approved the merger of Philippine National Bank and Allied Banking Corp.

State Bank of India's asset quality has improved from last year, according to Chairman Pratip Chaudhuri.

UK's Financial Services Authority and the Reserve Bank of India mutually assist and exchange information in supervision of banks operating in both the countries.

Mizuho Financial Group Inc has increased loans overseas by 25% from a year earlier in March and now looks to expand lending by another 30%.

Indian banks are in for lower asset quality and weaker earnings in the next two years.

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and other companies.