News

Cut in CRR needed to benefit borrowers

Cut in CRR needed to benefit borrowers

Refinancing pressure prevents borrowers from benefiting from government rate cuts.

Philippines increases MBO deposit limits by 63%

Move intends to help promote financial inclusion in rural areas.

India launches first Islamic equity index

Provides a new benchmark for Islamic investors.

ANZ's profits jumped a measly 1% to US$3.04b

Improved results due to cost cutting and better Asian business.

HK and Singapore banks fear losing key staff

Nine in 10 banks and financial services firms also experience recruitment problems.

Top 3 Chinese banks report double digit earnings growth

Growth rate will keep slowing as margins ease, however.

BOCHK is best geared to positive CNH developments

Thanks to HKMA easing restrictions on offshore RMB.

Retail credit will continue to drive Indian bank growth

Demand from the corporate sector will continue to remain weak, however.