News

The card has been tagged as the premium forex card for the global Indian.

The move will enable public shareholders to control 20 percent of Agroniaga.

Increased interest income and lower credit costs push Woori Finance's third-quarter earnings up 8.3 percent from a year earlier.

Mainland branches of six Taiwanese banks gained profits of 30.47 million yuan or US$4.84 million, said Liu Mingkang, chairman of the China Banking Regulatory Commission.

China Everbright Bank's profit jumped 40.65 percent year on year to  14.15 billion yuan or 2.23 billion U.S. dollars for the first three quarters of the year. The bank attributed the profit growth to an increase in net interest income, which rose 30.68 percent year on year to 28.98 billion yuan in the nine-month period, according to its regulatory filing at the Shanghai Exchange, reports Xinhua.

RHB Bank added SGD350 million to its capital fund for its Singapore operations, which contributes more than 90 per cent to its international profits and is its largest contributing overseas unit.

Loan delinquency among South Korean banks is lesser in September due to a reduction in new delinquent loans and massive resolution of existing overdue loans.

OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network infrastructure.

As part of its green initiative, the Reserve Bank today asked all non-banking financial companies (NBFCs) to gradually phase out use ofcheques and shift to electronic payment system.

The penalty imposed on DBS Bankby the Monetary Authority of Singapore for the disruption to its online and banking systems in July has now been lifted.

The MOU paves way to provide banking services particularly to people living in remote areas not yet covered by BCA.

The move will strengthen the lender’s capital base.

The product, minimum value of US$20,000, offers a one-year rate of 1.88%.

The trust intends to provide positive returns and has an investment time frame of five years.

SME Bank approved loans totalling RM1.3 billion in September this year, said managing director Datuk Mohd Radzif Mohd Yunus.

Military Bank reported a bad debt ratio of 1.65% till the end of Q3.