News
India and Nepal orgs ink MOU to develop investment banking sector
India and Nepal orgs ink MOU to develop investment banking sector
The MoU will be in effect for a period of 3 years.
HSBC nabs Deutsche banker for North Asia and HK head of Global Private Banking
She joins from Deutsche Bank.
Weekly Global News Wrap: UBS mulls HQ shift; Sabadell demands gov’t transparency
And France’s Credit Mutuel Alliance Federale is buying Oldenburgische Landesbank.
Bain Capital buying 18% stake in Manappuram Finance for $508m
The deal may close in Q2 or Q3 of the 2026 financial year.
Vietnam extends supply chain finance program to 2030 to support SMEs
The second phase will focus on assisting Vietnam’s regulatory agencies.
HDFC Bank now accepting deposits under India’s savings scheme for seniors
HDFC will act as an agency bank and help source scheme deposits.
RBI Governor tells urban cooperative banks not to break depositors’ trust
Malhotra stressed the importance of maintaining high standards for customer service.
India’s central bank names new executive director
Shri Indranil Bhattacharya will look after the Dep’t of Economic and Policy Research.
Westpac expands female entrepreneurs fund to A$1b
The first A$500m has reportedly helped over 1,155 start or grow their businesses.
ANZ to launch digital account lock option by mid-2025
It will block card access as well and won’t affect standing future-dated payments.
SBI Shinsei Bank outlook stable despite $2.2b repayment deal
On 7 March, it agreed to repay JPY330b in public funds to the Japanese government.
NAB removed nearly 600 fake websites and products in 2024
They use spoofed URLs, promotions that pressure quick decisions, and fake testimonials.
Krungthai Bank strengthens business position with higher profitability
KTB has notably closed its profitability gap with peers, according to S&P.
Singapore banks slated to cut capital buffers as they seek growth
Banks have set plans to do so, says S&P.
Citi Private Bank unveiled new philanthropy advisory solutions in Asia
Services include donor-advised funds or funding donations through charity partners.
StanChart champions ISO 20022 XML for seamless cash reconciliation
It reduces the need for banks to manually intervene in the process, the bank said.
UnionBank strengthens climate risk strategies with adaptive financing
The bank offers loan restructuring, pop-up banking for disaster-hit communities.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. DBS and OCBC expected to report lower margin in Q1 on SORA easing 4. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 5. Bank of America appoints Phil Carmalt as head of APAC GPSResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth