News

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.

HSBC is on course to offload its entire 4.8% stake in Indian private banking major Axis Bank and its 4.8% stake in Yes Bank.

Central bank inspectors revealed that banks’ profit in Vietnam for 2011 was not as big as reported by many commercial banks.

Five Philippine financial institutions remain interested in acquiring the assets of bankrupt Export and Industry Bank.

KB Kookmin Bank President Min Byung-duk reportedly met with the bank’s labor union and proposed making a bid for Woori if the employees are also in favor.

India puts forward an underwhelming response to save the embattled rupee.

Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.

Bangladeshi banks could no longer lend to clients due to excessive borrowings by the government.

India vents its anger on the stunning downgrade of some of its larger banks by Fitch Ratings, Ltd.

Investors wanting to own 40  to 90 percent of Indonesian banks should be healthy, should be listed and agrees to buy debt certificates that can be converted into equity.

Agricultural Bank of China continues its North American expansion.

A new agreement improves government oversight of their banks in each country.