Retail Banking
Rabobank divests $213mln stake in Yes Bank
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
KB Financial needs 2 years to consolidate lenders
Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.
Malaysia grants Mizuho approval for banking licence
Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.
US Export-Import Bank to finance Indonesian banks
11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.
Standard Chartered strikes deal with China’s Agricultural Bank
MoU enabled lenders to work in wholesale and retail banking operations starting in Hong Kong.
KB Financial chair nominee pitches for Woori deal
Euh Yoon-dae sees Woori as primary target to diversify group’s operations just as Woori wants privatisation.
India approves $1.34bln infusion in 5 PSU banks
Move to leverage infused amount to enable lending $16.8bln to productive sectors in the economy.
Maybank allots $4.9mln to improve customer service
Pilot customer service transformation programme to upgrade all bank’s frontline personnel in 70 branches.
Hong Leong-EON Bank merger poses problem on employees
National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.
Hong Leong Bank unveils Business Flexi FD
Product gives companies power to optimise cash flow by enabling customers to withdraw before tenure period.
ICICI Bank to focus on rural sector
Lender also plans to reduce exposure to personal loan after suffering big losses.
KB Financial nominates Euh Yoon-dae as Chairman
Euh plans merging with Woori or acquiring KDB despite having little experience in banking.
Rabobank appoints Philip Lau Southeast Asia M&A Head
Appointee seen to strengthen lender's corporate finance with his 15-year experience.
Maybank Singapore gives away $5mln cash rewards
Pocket Me GIRO intends rewarding customers when they GIRO with the lender.
StanChart ruled out interest in acquiring KEB
SC First Bank Chief Executive, Richard Hill, said their strategy in Korea is an organic one.
SBI mulls launching $4.27bln rights issue in 2011
India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. ANZ moves up incoming CEO Nuno Matos’ start date to May 12 5. India’s credit card spend slumps 9% MoM to 7-month lowResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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