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RBI may also enforce new lenders to meet a minimum capital requirement of $109mn.

About 2,500 unionised workers stopped work June 27, saying that the new system was just aimed at cutting labour costs.

India was not in favour of fund raising via rights issue since it would entail additional expenditure for the government.

75% of the S$7.5b rise in loans came from the business segment.

Such deposits have a similar effect as 100-150bp reserve requirement ratio hikes.

Analysts are upbeat that the new merged entity between Hong Leong Bank and EON Bank will benefit in the long run.

Bank of America will sell around 13.1 billion common shares of China Construction Bank Corporation to generate approximately 8.3 billion dollars of cash.

Tie up with Bank of China and Bank of Communications furthers lender’s expansion in the country.

Hong Leong Bank Bhd overcame a slashed fourth quarter profit to end the financial year with an increased net profit.

The capital adequacy ratio of South Korean banks edged up in the second quarter on account of solid earnings.

The fund will have a Shariah- compliant equity exposure of up to 98% of the fund's next asset value.

Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.

Slowdown in sectors such as real estate fuelled more concerns of a potential further rise in asset quality issues.

The shares, considered tier 1 capital under Basel III reforms, are eyed to carry an annual margin of 3.1%-3.3%.

The app is available in Apple iPhone's iOS, Google's Android OS and the RIM BlackBerry OS platforms.

The Philippine central bank allowed the lender to convert up to 41 of the 46 Green Bank branches.