News
Citibank to utilize JCB credit cards in 9 Asian countries
Citibank to utilize JCB credit cards in 9 Asian countries
Citi will add JCB credit card merchants in nine countries and territories throughout Asia.
Sri Lanka's ComBank opens 200th branch
Commercial Bank opened its 200th branch in Kataragama. "Kataragama is an appropriate location for our 200th branch," Commercial Bank's Chief Operating Officer Ravi Dias said. "It attracts people of many faiths from all over Sri Lanka. The new branch will serve the needs of the thousands of visitors while enhancing the banking experience of the resident population. The new branch is equipped with two Automated Teller Machines that are linked to Commercial Bank's 430 other ATMs in Sri Lanka, and to more than one million ATMs of the Cirrus and Visa networks worldwide. It is also computer-linked to the Bank's all other branches and customer service points in Sri Lanka.
Sri Lanka opens first Sharia-compliant commercial bank
Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.
CIMB bolsters India-Asean business flow
CIMB will be looking at investment opportunities for Malaysian and Asean companies to invest in India and vice-versa.
Company starts Japan-Nepal money transfer business
Japan Money Express has formally started its operation to provide reliable service to the Nepalese people working in Japan through its 400 agents in Nepal.
Depositors demand money from collapsed Indian bank
Hundreds of depositors gathered outside the Veershaiva Co-operative Bank's branch in Andheri in north Mumbai to demand their money back after the bank was taken over by the Reserve Bank of India.
Banking operations in India hit by nationwide strike
Most banking transactions across India were affected by strikes of some one million staff.
Siam Commercial offers income tax payments through credit card
The service will ease payment of SME owners and will allow the lender to expand customer base and product cross-selling.
HDFC Bank kicks off ATM income tax payment service
The service can be accessed by the bank’s $256,718 debit card holders at 5,998 ATM outlets in 1,111 Indian cities.
StanChart to employ 2,000 people globally
The lender in a hiring spree amidst job cuts in HSBC and Barclays.
HSBC continues to hire in China
Despite cutting 10% of its total staff, the lender continues to employ in one of its high-growth markets.
IBK increases second quarter earnings by 20.9 %
Industrial Bank of Korea's second-quarter net profit climbed 20.9 percent from a year earlier.
Woori back to profit to $752mn in second quarter
The company posted a $674.61mn gain from selling 8.3 million shares in Hyundai Engineering & Construction last April.
CIMB expects Matta tie-up to boost currency business up to 45%
CIMB Bank expects a 40-45 % growth in turnover from its currency exchange business this year after a tie-up with the Malaysian Association of Tour and Travel Agents.
OCBC increases 2nd quarter net profit by 15%
Oversea-Chinese Banking Corporation Limited 's second quarter grew by 15 % year on year to 577 million Singapore dollars or US$476.9 million.
China bars local companies from direct overseas CNY borrowing
Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market.
India banks’ bad debts rise further
Experts said NPA’s may grow more behind rising interest rates and demand slowing in pace with the economy.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
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