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The loan delinquency ratio of South Korean banks registered a two-year low in December after resolving massive overdue loans.

South Korea's Financial Services Commission has approved Hana Financial's takeover of the Korea Exchange Bank.

Fitch revised Andhra Bank's outlook to negative.

THe total value of transactions using ICBC bank cards surpassed RMB 3.2 trillion.

Sources said HSBC Premier could be shut if offers aren’t attractive.

The lender invokes right to secrecy on its details and strategy on the deal.

Citigroup Inc. will cut about 100 jobs in India while reiterating that the country remained among its highest priority markets.

Fitch Ratings has revised the outlook on Allahabad Bankto Stable from Positive.

The 50 basis points cut in the cash reserve ratio by the RBI was described as "dovish" by a senior bank official.   "The RBI has adopted a more dovish policy stance than anticipated by most in the markets by cutting the CRR by an aggressive 50 basis points to 5.5 percent. Recent comments by senior RBI officials seemed to emphasize that the CRR is not only a liquidity management tool but also an anti-inflationary instrument. A cut would, therefore, prima facie mean an easing of the vigil on prices," said Abheek Barua, chief economist at HDFC Bank. The CRR is the amount against deposits which commercial banks have to keep as liquid assets such as cash. "The fact that the RBI governor chose to go the whole hog and cut the CRR not just by a token 25 bps but by a full 50 bps despite the fact the December core inflation print was a rather high 7.7 percent is an indication of the RBI's growing concerns over liquidity and growth," he said. According to Barua, the Reserve Bank of India has conveyed that CRR cut is not a liquidity enhancing move but a signal instrument that more easing lies ahead.

Vietnam's PM has issued a Decision adjusting the chartered capital and structure of the chartered capital of Mekong Delta Housing Development Bank.

VietinBank and Vinacomin have signed a credit contract worth $100 million to finance Nhan Co aluminum factory.

HDFC Bank's net profit grew 31% in the third quarter to Rs 1,430 crore despite pressure on margins in a tough macroeconomic environment.

BOC has awarded contracts to GRG Banking Equipment Co Ltd for new automated teller machines and ATM management software.

Foreign banks and the Chinese government brace themselves for the inevitable economic slowdown.

The group prioritises on securing the sufficient capital adequacy this year amid eurozone debt crisis.

Seven international banks aided to arrange the deal.