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City Union Bank today reported 25.8 per cent jump in net profit to Rs 77.52 crore for the second quarter ending September 30. For the half-year this fiscal covering April to September, the net profit of the Kumbakonam-based bank rose to Rs 136.03 crore, from Rs 105.95 crore in the same period of 2010-11, said the company statement. The total income for the second quarter ending September 30, rose to Rs 460.24 crore, as against Rs 336.08 crore. For the half-year ending September 30, the total income grew to Rs 877.26 crore as against Rs 635.42 crore recorded during the same period of previous year. For the source of this story, click here.

India and Myanmar should conclude an agreement on cooperation in banking and financial services to boost flow of two-way investment and trade.

ICBC recorded a profit after tax of RMB 164 billion in the first three quarters of 2011, up 28.31% over the same period last year. The Bank has consistently improved its asset quality while maintaining steady growth in operating performance in all business lines. Balance and percentage of ICBC non-performing loans both went down. At the end of September, balance of non-performing loans was RMB 4.051 billion less over end of previous year. Non-performing loan rate slid 0.17 percentage point to 0.91% from the prior year-end, a percentage on par with global peers. Provision coverage rate soared 44.46 percentage points over the end of 2010 to reach an impressive 272.66%, demonstrating the significant boost to the Bank's risk capabilities. In the third quarter of 2011, ICBC maintained its momentum in the first half of the year. In deposit business, the Bank's customer deposits rose nearly RMB 1 trillion from end of 2010 to RMB 12.14 trillion at the end of September this year, up 7.64% when compared to the same period last year.  

Mandiri Manajemen Investasi will continue to expand the amount of overseas funds in the $2.2 billion that it manages.

Three brokerages nominated Bank Rakyat Indonesia as their top pick for banking stocks due to strong profitability from its key businesses.

Bank Indonesia will revise credit card rules to require a minimum age and salary, capping the number of cards owned, limiting maximum interest rates and regulating the debt collection process.

The HCM City People’s Court has ordered Indochina Airlines to pay US 1.3 million dollars to the Asia Commercial Bank.

A fiscal funding will soon provide additional capital for China's cash-strapped banks.

The Export-Import Bank of Korea raised US$612 million by selling "Uridashi" bonds in Japan.

Bank of China will face the challenegs after being named one of the systemically important financial institutions or SIFIs by the Financial Stability Board.

DBS exceeded its expected net profits for the third quarter, but another Singaporean bank, UOB, posted lower than expected net profit.

ANZ Banking Corp. posted a 19 percent rise in annual profit to 5.36 billion Australian dollars or $5.54 billion.

Public sector banks are will not raise interest rates as they are convinced their customers will remain loyal.

An institutional caution has been issued and a fine of 54.5 million won or US$49,086 has been slapped against Kookmin Bank for breaching regulations on loans and personal data.

The Industrial Bank of Korea announced that its third-quarter earnings rose 12 percent from a year earlier due to an increase in interest income.

Bank Muamalat opened a branch in Taman D Lahar, Kota Putera, in Besut district.