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India’s HDFC Bank clinches $500m to support microlending for women
India’s HDFC Bank clinches $500m to support microlending for women
The loan will enable the bank to grow its microlending to women, HDFC said.
Citi Commercial Bank Indonesia appoints Edwin Pribadi as its head
Pribadi returns to Citi after spending a decade with OCBC Indonesia.
Public Bank’s net profits down 3.5% to $351.94m in Q1
Total loans and deposits grew in Q1 compared to Q4 2023.
KBank Private Banking, EQT Partners unveil new private equity fund
The minimum investment is THB500,000 with an 18 month lock-up period.
Mizuho to help deploy AI to study Hachijo’s humpback whales
The project will run from May to October 2024.
Thai central bank’s digital payments on ‘top of the world’
The Bank of Thailand is eyeing to expand connectivity with more countries.
Digitalisation amplifies data and liquidity risks
Increasing interconnectivity increases complexity and opacity.
Vietnam’s PVComBank launches mobile banking services on AWS
The platform will reportedly benefit 1 million customers of PVComBank.
South Korean domestic banks’ net income shrank 24.1% in Q1
Non-interest and non-operating income dragged down income.
South Korean banks’ bad loan rate improves in March
Delinquency rate of loans to large companies, SMEs, and households fell.
Wise launches in the Philippines with fee-free money transfer service
Users can receive and spend money internationally and create up to 3 cards.
Mizuho allots $12.95b to finance hydrogen production
The bank noted hydrogen as “key” to decarbonisation of various sectors.
Alipay+ and Thai tourism body launch D-Hub program for Chinese tourists
Over 2.35 million Chinese tourists visited Thailand in January to April 2024.
DBS Hong Kong, Sun Hung Kai subsidiary unveil green payments
The supplier payment services are for Hong Kong’s construction industry.
Mizuho’s net income climbs 22% to $4.39b in FY2023
An annual dividend of JPY105 per share has been announced.
SGX FX onboard Rand Merchant Bank on buyside platform
RMB will offer liquidity services to the OTC FX buyside platform.
Low carbon push adds $8.4b addt'l revenue for APAC banks
Between 2031 to 2050, APAC banks will likely
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
