News
China's 'city commercial banks' post good results in 1Q12
China's 'city commercial banks' post good results in 1Q12
The banks recorded total assets of US$1.62 trillion with deposits at US$1.1 trillion during the first quarter.
India encourages banks to salvage junk assets
The Indian government wants has created new rules to encourage state-owned banks to salvage junk assets.
Indonesia eyes more measures to ease rupiah volatility
Indonesia is planning to introduce more monetary measures to ease volatility.
Malaysian and Indian banks broker deal to boost trade
Malaysia-India trade stands to improve with the recent deal among a Malaysian and two Indian banks.
Police tells Malaysian banks to set up security system for ATMs
The Malaysian police suggested that banks set up a central security control system to monitor every ATM to detect any undesirable activities.
Korean banks eye customers from overseas
Korean banks are luring foreign customers as a consequence of an increasing number of workers from abroad and marriage immigrants.
Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
BNI profits up 23%
Higher income from interest and transaction fees pushed BNI's first quarter net profits up by 23 percent.
Eximbank to sue Kookmin Bank over Sungdong
The Export-Import Bank of Korea is suing KB Kookmin Bank over the latter's withdrawal from Sungdong Shipbuilding and Marine Engineering.
S. Korea crafts new ATM withrawal system against voice phishing
Cash withdrawals of 3 million won or more at South Korea's ATM machines will not be possible until at least 10minutes after the money has been wired.
Mixed growth for China’s banking industry in 2011
Total assets of China's banking sector jumped 19% year-on-year to US$16.8 trillion in 2011, said the People's Bank of China (PBOC), the central bank.
Indian financial industry to spend $6.8B on IT
The Indian financial services industry will spend Rs 37,700 crore or US$6.8 billion on IT products and services in 2012.
Germany's Commerzbank to expand in China by 30%
Commerzbank AG aims to grow its corporate banking business in China by as much as 30 percent this year.
China sets new capital rules for commercial banks
China placed its banks under the regulatory supervision within the Basel III framework starting Jan.1, 2013.
China's banking assets up by 19%
Assets of China's banking sector grew by 19.1 percent in 2011 to 105.8 trillion yuan or 16.8 trillion U.S. dollars.
Embezzler in 1997 Asian financial crisis sentenced to imprisonment
Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.
KTC cancels inactive credit cards
Krungthai Card has cancelled about 40,000 inactive credit cards to cut operating costs.
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth