News

The protest of about 3,000 union members against a scheme determining compensation based on individual performance comes as the lender struggles to compete with local rivals.

The lender is currently ready to distribute mutual funds is already in talks with fund management companies about possible cooperation.

Inclusion of Bank of Rajasthan’s 450 branches into the network comprises a huge fraction of additional branches.

Delay resulted from growing volatility in global markets even as the lender planned to price deal on July 8.

ICBC is the fourth Chinese bank with which First Bank had signed an MOU for overseas expansion. 

Bank of Singapore aims to tap the growing number of affluent Chinese and Indians by establishing local offices in their respective countries.

The lender is to set up five fully automated branches in Tamil Nadu to address the growing need for electronic banking.

An additional 1% surcharge would also be imposed if a bank becomes significantly bigger, according to Reuters.

AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.

The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.

RHB Capital Bhd may revisit a potential merger with AMMB Holdings Bhd after failed deals with CIMB and Maybank.

Maybank pulled out of negotiations for the purchase of RHB Capital because of the prohibitive price.

PGBank raised its total deposits in 2010 to 13.995 trillion dong, based on its recently released 2010 annual reports.

FSC withdraws proposal to legally ease bank ownership regulations, signaling death of Woori’s stake sale.

Move in response to customers who like to see their deposit rates surge in line with actions taken by the Taiwanese central bank.

Moody’s says GDP growth of 5% - 6% will help support the banking sector’s sustainability in earnings.