News

Siam Commercial offers income tax payments through credit card

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.

Shinhan Financial more than doubles second quarter net income

Shinhan Financial's second-quarter earnings more than doubled from a year ago on a rise in non-interest income and lower loan-loss reserves.

J&K Bank posts Rs 182 crore quarterly profit

The Jammu and Kashmir Bank posted a net profit of Rs.182 crore of Rs.1,820 million for the first quarter of this fiscal ending June 30.

IDBI Banks' Q1 net profit up 33.61 percent

 IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201. 

CUB to expand reach, but will remain a 'cub,' says CEO

City Union Bank will be setting up more branches and ATMs this fiscal.

Indian Bank needs $500M for Lanka, Singapore and HK operations

Indian Bank will raise a loan of up to $500 million for its overseas operations.

Punjab National Bank quarterly net profit up 3.46%

Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.

UCO Bank Q1 net profit up 12.42 percent

UCO Bank reported a net profit of Rs.292 cror for April to June, representing a 12.42 % year-on-year growth, according to Yahoo News.