Frances Gagua
India’s commercial banks’ non-performing assets shrank in 2023
India’s commercial banks’ non-performing assets shrank in 2023
Credit costs have declined, with public sector banks holding “substantial buffers”.
Siam Commercial Bank shares crisis lessons from pandemic
The bank’s early investment in tech helped it grow its digital customer base to 17 million.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
Six Indian banks’ outlooks revised to positive as economy strengthens
Infrastructure spending will pave the way for robust economic growth, says S&P.
Thailand’s central bank appoints new assistant governors
The four individuals promoted were previously senior directors for different teams.
GoTyme Bank launches multi-currency time deposit with $1 minimum
The Philippine-based digital bank promises interest rates between 3% to 3.5%.
Top banks’ assets expanded 5.1% in 2023
HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
Fintech Aspire clinches money service operator license in Hong Kong
It aims to facilitate cash management and money transfers of local SMEs.
India rolls out online platforms and repositories for enhanced regulation
PRAVAAH makes it easier to apply for a license and obtain regulatory approval.
Hong Kong’s rich investors seek more risk for more returns
About 1 in 3 investors said that their current investment returns have room to grow
Citi names ex-BNP Paribas banker as new head of markets for Thailand
Nattaphan Assavavisessivakul was head of global markets and ALM Treasury at BNP Paribas.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
Singapore HNWs says current investment returns have “room to grow”
Almost 1 in 2 are frustrated from their portfolios’ “generally underwhelming” performance.
Kenanga Investment Bank’s net profit doubles to RM26.7m in Q1
But the stockbroking and investment banking divisions reported losses before tax.
Bank of Queensland’s tech bet leaves operating performance to chance
The bank may achieve savings— or leave its operating performance structurally weaker.
Philippine central bank eyes developing local capital markets
It will help make the financial system more resilient, the BSP Governor said.
New Zealand sets new debt-to-income restrictions in lending
It reduces the amount of high-DTI loans that local banks can lend out.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
