News
ICICI Bank, First Data forge partnership
ICICI Bank, First Data forge partnership
The two firms synergize resources to form ICICI Merchant Services, a merchant acquiring alliance.
Sumitomo Mitsui Financial eyes sale of $8.7bln shares
Source says selling of shares is aimed to comply with more stringent capital requirement and for expansion.
Bangkok Bank eyes growth in loans to SMEs
Expected increase in small-sized loans prompts bank to focus on SME loans in 2010.
Agricultural Bank Of China awaits IPO approval
Government's nod for IPO in Shanghai and Hong Kong could raise $22 billion for the bank.
Maybank Cambodia eyes early turnaround for 7th branch
Maybank is targeting a turnaround in the second year of operation for its new Toul Kork branch.
Indian banks have 40,000 job vacancies
Indian public sector banks need to fill in vacancies caused by business expansion, resignations and retirements.
HSBC to return headquarters to Asia
Movement from London to Hong Kong will enable the lender to concentrate on Asian markets.
Hang Seng to open Foshan branches
Hang Seng Bank received permission from the China Banking Regulatory Commission to open its first cross-city sub-branch.
South Korean banks reveal 2010 plans
Big lenders are readying for fresh challenges as economy rebounds from crisis.
China regulator issues $73bn capital requirement for banks
Chinese banks are pressured to fund their 2010 loan growth through bond or equity issuance.
Oriental Bank of Commerce plans putting up HK office
Hong Kong opens colossal break in OBC's global expansion efforts.
Pre-payment penalty for Axis Bank home loans removed
Axis respects customers' right of choice even when they shift a loan to a competing bank.
Bangkok Bank positive loans 2010 growth of 3-4%
Intensified lending to small and medium businesses and economic rebound give Bangkok Bank reason to cheer.
China Construction Bank to expand in Vietnam
National Bank's approval makes CCB first Chinese bank to establish branch in Ho Chi Minh City.
South Korean regulator to police loan-deposit ratios
Lenders are barred from lending more than the amount they receive to manage their liquidity risks.
NAB's Moody's ratings unaffected by Axa bid
NAB's purchase agreement of AXA's wealth management business for US$4.2 billion has no impact on its ratings.
Chinese banks limited to lend $1.1tln in 2010
Analysts believe $366 billion cut from 2009 cap can be replenished as loans growth remains high.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
