Retail Banking
India names new advisory committee members for bank applications
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.
SeABank exceeds target with 31% YoY profit surge
The bank aims to record a 10% profit increase this year.
Techcombank records 19.5% higher net profit of $851.96m for 2024
Fees and commission income fell, but interest income rose.
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
BCA, Bank Syariah Indonesia on track for double-digit profit growth
Indonesian banks are in-line to deliver profit growth.
Overseas Filipinos’ personal remittances up 3.5% in Nov 2024
Cumulative remittances are on track to rise by 3% for 2024.
MUFG execs take pay cut after safe deposit box incident
The bank is also strengthening its safe deposit box checks and procedures.
Maya disbursed $1.16b in loans in 2024
It now holds almost $666.9m in deposit balances.
Singapore FIs face stricter regulatory scrutiny in 2025
Singapore bucked the trend in 2024, with more fines issued.
Grab, Singtel-backed Super Bank mulls IPO: report
The Jakarta-based digital bank may raise up to $300m, sources said.
Top 25 banks’ market cap rises 27.1% in Q4 2024
ICBC is APAC’s top bank in terms of market cap; DBS rises to 23rd spot.
RHB unveils debit card replacement kiosks.
They’re available in two branches.
Siam Commercial Bank unveils new uniforms made of recycled fabric
The uniforms make use of plastic bottles.
WeLab Bank achieves first breakeven in Dec 2024
WeLab Bank credited it to its expanded loan book.
Land Bank of Taiwan secures license to operate in Australia
It can operate as a foreign authorised deposit-taking institution.
Luxembourg’s Banking Circle to buy Australian Settlements Ltd.
ASL provides settlement and payment services in Australia.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth