News
Indian banks warned of prolonged credit pressures due to sharp currency slide
Indian banks warned of prolonged credit pressures due to sharp currency slide
But there are 2 potential silver linings.
ICBC's net fee income from corporate wealth management business up 43%
Wealth management products of CNY2.81t were issued in 1H13.
Hong Leong Bank's loan growth to accelerate to 10%
Thanks to SME mortgages.
BOCHK's profits jumped 18% to HK$11.7b
Boosted by low-base effect.
More than 58% of payments value between Luxembourg and China, HK now RMB-denominated
It was only 42% in July 2012.
India to introduce four-tier banking structure
Will promote financial stability and resiliency.
Hong Leong Bank reports higher earnings
Describes operating results as commendable.
Corporate bond approvals in China decentralized
Centralization causing delays and inefficiency.
Kasikornbank's 4Q13F earnings feared to drop significantly
Are KT expenses to be blamed?
BOCHK expected to report 1H13 profits of HK$11.3b
It's largely flat compared to 1H12.
Agricultural Bank of China records highest profit growth among big 4 banks
Net profit in 1H13 was RMB92.4b.
DBS/POSB strongly urge cardholders to upgrade to chip cards
Allots $1.2m in prizes for early upgraders.
China close to permitting certificates of deposit
Seen as another key step towards liberalization.
Philippine banks face more mergers
Driven by approaching ASEAN economic integration.
China orders banks to cut investment in local government bonds
Another move to curb massive local borrowings.
China Construction Bank's NPLs likely to rebound in 2H13
But CCB can maintain steady asset quality.
Maybank Kim Eng, State Securities Commission ink deal on Vietnam securities market
The 3-year agreement will strengthen the market.
Thought Leadership Centre
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance