In Focus
Philippines wants rural banks to expand operations
Philippines wants rural banks to expand operations
Over a third of towns without banking offices.
PBOC warns anew against shadow banking
Says there is a need to strengthen disclosure.
IBT to issue Thailand's first-ever sukuk
Islamic Bank of Thailand will use proceeds to hike capital.
China to introduce deposit insurance system
Will lay the basis for interest rate liberalization in banking sector.
India moves against rising restructured debt risk
Orders banks to boost reserves to 5% from 2.75%.
Islamic trade finance predicted to be the preferred choice in emerging markets
These markets include Indonesia and Malaysia.
New law allows 60% ownership in Philippine rural banks
President Benigno Simeon Aquino signs Republic Act 1057 into law.
Indonesia gets e-money payment system
Bank Indonesia will introduce e-money in June.
New rules dampen demand for WMPs
These also threaten banks’ profits, however.
Japan to extend RE loans to Costa Rica
Loans to help Costa Rica become carbon neutral by 2021.
Local government debt remains grave challenge to China’s banking system
Debts are a heavy burden on public finance.
Indian banking sector to spend 13% more on IT in 2013
Gartner, Inc. estimates spend at US$7.6 billion.
HSBC developing tailor-made financial services
Targets are Chinese companies planning overseas ventures in Europe.
Bank’s access to SDAs curbed by Philippine government
Total cuts now more than 200 basis points since July 2012.
Fitch affirms ratings of four top Philippine banks
Gives them a stable rating.
Japanese megabanks predict lower profits this year
Says monetary easing made loans less profitable.
Chinese banks should do more online business
Ernst & Young also recommends they develop their intermediary business.