News

State Bank of India can continue its growth this financial year even if the Indian government's proposed capital infusion doesn't take place, a top executive said Tuesday.

PBOC allowed foreign institutions to trade in its interbank bond market to widen the channels for offshore Renminbi to flow back into China.

'Verified by Visa' feature combines e-commerce platform and security.

The top 5 Chinese banks knocked out their 14 largest US and European rivals.

The ratings firm said Singapore banks are likely to maintain their sound credit profiles, in spite of growing uncertainty over the global economy.

Standard Chartered experienced faster expansion of its Chinese mainland business than the rest of its units in the  first half of 2011.

Maybank hopes Indonesian ruling on bank shareholding will not be detrimental to foreign investors.

 Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan or 72.11 billion U.S. dollars.

And according to Reuters, it’s now looking to buy a retail bank in Thailand.

None of the major banks participated in the latest bidding process presumably because of the huge KRW9.3 trillion funding requirement.  

The Australian bank now has a licence from the Hong Kong Monetary Authority.

China Minsheng Banking Corp's current capital level will still meet operational needs for this year even if the government rejects its financing plan.

ICICI Bank has been asked to pay a fine and return the amount deducted from a customer.

Hong Leong Investment Bank cut its forecasts for CIMB Group's financial years 2011-2013 by 5.2-5.6 per cent due to lower-than-expected loan growth, non-interest income and net interest margin.

The lender’s total bad loans reached $906.53mn in the first half of 2011, an increase of $83.62mn from a year ago.

The rights issue’s proceeds targeted to increase lending in small-to-middle sized businesses and the automotive sector.