Frances Gagua
India rejects 2 applicants for a small finance bank licence
India rejects 2 applicants for a small finance bank licence
Two other applications remain under examination.
Philippine central bank simplifies FX policy for foreign investment registration
Foreign investments can now be registered upon registering at any authorized agent bank.
Philippine bank lending up 8.6% in Feb on higher motor and card loans
Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.
OCBC’s green car loans surged sixfold as new EV brands pique buyers
Loan demand for used EVs rose 30 times compared to launch, the bank said.
BOCHK warns against phishing website
The fake login page intends to steal customers’ data, BOCHK said.
StanChart’s SC Ventures invests in sharia fintech Algbra
The amount of investment is undisclosed.
Banks grapple through era of disruption by being the disruptor
Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future
Financial organisations lean on AI to unravel complex issues, a shift propelled by an exponential rise in big and alternative data sources.
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
ICBC planning $5.5b loss absorbing bonds sale: report
The world’s largest bank by assets is likely to issue CNY20b.
Korean banks’ household loans drops in March as mortgage demand slows
In contrast, bank lending to the corporate sector increased by over KRW10t.
Transferable deposits drive South Korean banks’ deposit growth in March
Banks hold an outstanding KRW2.36t in deposits as of end-March.
Citi is Asia’s top equity capital markets underwriter in Q1
The bank reportedly commanded a total issuance volume double to its closest rival.
Maybank issues apology following digital and payment service disruption
Customers were temporarily unable to make online and retail payments on 5 April.
HSBC sells Argentina banking operations with $1b loss
Grupo Financiero Galicia will be paying $550m for the unit.
Weekly Global News Wrap: Bain Capital sells Axis Bank stake for $429m; Switzerland boosts banking rules
And Postbank employees escalate their strike for a 15.5% wage hike.
Singapore banks’ interest rates will remain elevated until Q3: analyst
DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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The Asian connection: China's path to sustainable growth