News

Surge in profit was due to 15 percent growth in loans and 24 percent surge in fee-based income.

Standard & Poor's counterparty credit ratings on DBS Bank Ltd were not affected by the bank's credit exposure to Dubai.

Additional 23 branches will give State Bank of India the distinction as Indian bank with largest foreign presence.

Sources say central bank would sell its 48 percent stake as Thai government loosens foreign investments restrictions.

IDBI Bank believes the union would increase likelihood of expanding presence in three states.

Lack of details and inconsistencies in data caused regulator's disapproval.

China's banking regulator has issued decision despite caution on possible problems resulting from financial sector integration.

Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.

Addition of Maybankard MasterCard Platinum Debit increases chances of hitting 500,000 new cardholders target.

Minsheng shares dipped 3 percent during IPO as Beijing reportedly pressured banks to increase capital adequacy ratio.

China would be next in Asia Pacific after ANZ had established foothold in Indonesia and Vietnam.

Sources say country's top banks submitted plans of replenishing capital after they have lent $688 billion.

RBS in the Philippines became the first of six markets to transition to ANZ ownership. ANZ is acquiring the Royal Bank of Scotland retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam for approximately US$550 million.

The goal of privatising Woori pushed KDIC to a $751.4 million stake sale on Tuesday.

Source says CBRC told country’s top banks to increase capital adequacy ratios by 2 percent from average.

A source says policies on foreign investments rule out possibility of China Minsheng’s UCB takeover.