Retail Banking
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
Mizuho buys tech-based carbon dioxide removal credits
It has joined a joint carbon credit facility to promote and disseminate such technologies.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
Westpac unveils block option that stops retail transactions
It can be activated via the Westpac app or online banking platform.
China’s ICBC still world’s most valuable bank brand: study
Brand value went up 10% during the 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.
Krungthai Bank strengthens business position with higher profitability
KTB has notably closed its profitability gap with peers, according to S&P.
SCB, GLN launch cardless ATM withdrawals for Korean tourists in Thailand
Tourists just need to scan a QR code via their app.
Digital bank platform ANZ Plus reaches 1 million customers
Over half (55%) consider it their main bank account.
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Jul
02
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
Commentary
Thailand backs major conglomerates for digital banks but risks stifling innovation