News

The National Bank of Abu Dhabi has opened its wholly-owned subsidiary in Malaysia to extend its expansion to 14 countries.

The banking sector could see a large drop in profits this year due to domestic and international financial turmoil.

Earnings of four major South Korean banks may have dropped nearly 15 percent on-year in the first half.

Korea's banks are likely to be more cautious about extending loans due to increased economic uncertainty at home and abroad.

One of Southeast Asia’s top-ranked and most aggressive banks is now in a position to challenge its larger western rivals in Asia.

Bank Mandiri will focus on increasing its share of low-cost third-party funds such as savings and current accounts to 70 percent.

The State Bank of India has done away with minimum balance criteria for saving banks account in order toattract new customers.

Bank Islam Malaysia has offered to acquire between 30 and 40 percent stake in an Indonesian Islamic bank.

Europe’s punishing financial turmoil has been good for China’s Big Four banks.

Indian Overseas Bank is waiting for the European crisis to stabilise to raise US$ 500 million through medium-term notes for funding its overseas operations.

Bank Mandiri may open branches in three neighboring countries as part of its plan to become a top lender in Southeast Asia.

Armed with ample cash, China’s second largest bank will now accelerate its overseas expansion.

Maybank is prepared to locally incorporate its retail operations in Singapore according to the city state’s government requirement.

Bank Indonesia wants banks to improve access to banking by introducing the so-called branchless banking.

Reserve Bank deputy governor K C Chakrabarty criticized banks for misguiding investors for the past five years by not giving your proper figures on non-performing assets.

An embarrassing insider trading scandal compels the government to take a tougher stand against this illegal but commonplace practice in Japan.