News

China placed its banks under the regulatory supervision within the Basel III framework starting Jan.1, 2013.

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.

Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.

Krungthai Card has cancelled about 40,000 inactive credit cards to cut operating costs.

Export-Import Bank of Malaysia has signed a collaborative deal with India's ICICI Bank and YES Bank, to further enhance Malaysia-India trade.

State-owned Noor Islamic Bank seeks more business in Singapore and Malaysia to benefit from growth in Southeast Asia.

China will delay the implementation of tough new bank rules until next year.

The Reserve Bank of India advised banks to implement more processes in dealing with unclaimed deposits.

Union Bank of India became the first bank to make electronic banking easier for the visually impaired with its "talking" ATM.

Improved investor confidence leads to Sterling Bank of Asia raising US$11.5 million from the sale of Tier 2 notes.

CIMB Bank is hoping to grow its retail deposit business by 17 to 18%  this year from RM53 billion last year.

The dire Eurozone debt crisis is forcing more European banks to withdraw massive investments from Asia.

Outsiders who successfully took control of Sacombank are pursuing mergers with other banks.

China’s heavily hyped banking reforms look more like a gimmick than the real deal.

ICBC and the Citic Group were found to have violated several financial regulations in a routine audit by the National Audit Office.

Russian banks expect to sign agreements with Chinese partners on financing several projects in Russia during President Vladimir Putin's visit to China next week.