Retail Banking

India’s AU Bank clinches in-principle approval to become a universal bank

The Jaipur-based bank is said to be the largest small finance bank in India.

Norinchukin Bank logs $395.49m profit in Q1 FY2025

This is a reversal from its JPY412.7b loss a year earlier.

Philippine central bank eyes new rules to tackle online gambling

It will include daily limits to gambling-related transfers and time-based restrictions.

Indonesia, Malaysia, Thailand name new banks for local currency transaction framework

The banks will facilitate cross-border settlement of trade and investment.

Chinese banks to see only mild impact from tax on bond interest income

The policy is also likely to increase the financing cost of banks for issuing new bonds.

Cathay United Bank to make its debut in Japan with Tokyo branch

It plans to assist Taiwanese companies expanding in the market.

HDBank’s profit after tax up 24.26% to $306.28m in H1

The bank cited its digital transformation, credit growth, and risk management.

Banks explore stablecoins as digital currency gains traction

The future of banking deposits is changing due to the growth of stablecoins.

Banks target 2030 cost cuts through transformation efforts

About 1 in 3 see embedding AI as a way to transform their organizations.

Security Bank taps employee stories to boost loyalty

The Philippine lender’s #YouMatter campaign aims to humanize the brand.

Taiwanese investors adopt conservative strategies in 2025: survey

Saving and wealth accumulation remains the top goal amongst the 9,000 respondents.

MUFG’s profits down 1.8% to $3.71b in Q1 FY2025

Ordinary income declined 7.7% from a year earlier.

Citi expands JANA and Asia South teams with new senior hires

In-house banker Adrian Khoo has been named co-head of DCM for JANA and Asia South.

BDO Unibank’s earnings trimmed on higher opex and provisions

The bank’s opex rose 14% in Q2, whilst impairment loss provisions climbed 38%.