In Focus

Philippine banking system deposits rise 10.7%

Government says it highlights ability of banks to provide credit to the economy.

China pledges to forge ahead with banking reform

Also promises increased flexibility in managing exchange and interest rates.

BOC cuts business ties with North Korean bank

Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.

ICBC Thai focusing on retail market

Wants retail to account for 50% of total income by 2016.

Bad loans up, asset quality down for big Chinese banks

Fourteen of 16 banks report rise in bad loans.

Westpac reports record first-half profit

First half profit to March 31 hits $3.3 billion.

Indian banks’ retail credit rises 14.5%

Economic slowdown forces banks to push retail loans.

Weak deposit growth hammers China’s banks

Loans exceed deposits at a faster pace.

India to deposit government cash in commercial banks

Move will add liquidity and make it easier for banks to cut lending rates.

Yudhoyono calls for quick end to Bank Danamon takeover

Move suggests possible political intervention in the high-profile takeover.

CBRC orders banks to provide more detail on interbank deals

Unregulated channels may be used to pour funds into speculative real estate.

China secretly issues tougher anti-money laundering rules

Banks to rate their clients' risk of criminal conduct starting December 2015.

Chinese banks continue amassing US dollars

Attain forex surplus for seventh straight month.