Staff Reporter
Indian banks’ profits to stabilize; weak assets to persist for some
Indian banks’ profits to stabilize; weak assets to persist for some
Weak assets are expected to make up 5.2% of gross loans for FY2023.
KakaoBank modernises data management system
The mobile-only bank targets to modernise its data management system.
Public Bank posts 22.6% net profit surge in Q1
It expects market volatility to be heavily influenced by US and EU banking environment.
Cambodia's Sathapana Bank incorporates AI for credit risk management
It aims to power its credit risk management with Artificial Intelligence (AI).
Hang Seng warns customers of faux Instagram account
This is the fifth time in May that Hang Seng Bank warned of a fake account.
South Korea’s financial regulator boosts efforts for fair trading in capital markets
Penalty surcharges and boosting early detection systems are amongst the solutions.
Mastercard links with Indonesian Telecom firm for digital payments
Mastercard and Indosat Ooredoo Hutchison (Indosat) have formed a strategic partnership to enhance Indonesia's digital payment landscape.
Maybank records 10.7% increase in Q1 profits
The group’s profit before tax also grew 2.7%.
Singapore’s finance and insurance industry shrank 0.9% in Q1
Banks saw a decline in net fees and commissions during the first three months of 2023.
BPI Wealth tasked by PH state insurance to manage $45m investment fund
The investment fund amount is P2.5b.
Hong Kong’s SFC to allow crypto trading
Final guidelines for crypto investment will become effective starting 1 June 2023.
Indonesian fintech SkorLife raises $4m in seed funding
The funding aims to promote responsible borrowing and fair credit practices in Indonesia.
Hang Seng says ‘be vigilant’ of new deceptive sites
Fraudulent websites may display the bank’s logo.
HSBC names new South Asia head of wealth and personal banking
Kai Zhan g will be responsible for expanding wealth management across South Asia.
Hong Kong’s ZA Bank floats virtual asset trading services
The virtual bank also mulls launching US stock trading services in due course.
Atome’s buy now pay later service now available in Amazon Singapore
Customers can opt to pay in three installments with zero interest through Atome.
Delinquency rate of Korean corporate loans fell to 0.41%
Delinquency rate of household loans also fell to 0.31% in March.
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