Retail Banking
CIMB withholds buying RBS India assets
CIMB withholds buying RBS India assets
CIMB will not proceed with plans of acquiring RBS India assets due to "unexpected" legal hurdles.
New Zealand banks profitable despite Euro crisis impact
New Zealand's banks managed to retain profits despite less investments caused by the European crisis.
S Korean Banks expected to net lower profits in 2Q
South Korean banks are expected to suffer sharp decline in second-quarter net profit.
New Malaysian bank eyes $785M in transactions
India International Bank Malaysia Bhd aims to record RM2.5 billion or US$785 million in loans and deposits in the next three years.
Dena Bank eyes 20-25% credit growth
The deficit caused by rainfall has not caused any major worry on credit offtake for Dena Bank, although it could be a problem if it worsened.
How will foreign banks' local incorporation affect Singapore's banking industry?
Foreign banks are now forced to decide whether to further commit to the Singaporean market and compete with domestic banks neck-to-neck, says ADB.
Pawnshops, stores to offer banking services in the Philippines
The Philippine central bank mulls making sari-sari stores, payments centers and other store-like facilities banking conduits.
Surprise Chinese banking rate cut continues to backfire
Fears spread as the Chinese central bank recently reduced its main lending rate by 0.31 percentage points to 6%.
Net drops 57% as lending grows for Indonesia's Bank Mutiara
Bank Mutiara's net profits fell 57 percent to Rp 86 billion or US$9 million in the first semester.
Nepal's Mega Bank to form alliances with other Asian banks
Mega Bank has announced a plan to enter into strategic alliance with leading banks in South Asia and other Asian countries within next five years.
Number of Thai banks may be reduced
The number of Thailand’s banks may shrink from 14 to as few as five.
Korea's savings bank pay fat salaries to execs despite losses
Korean savings banks pay their executives hundreds of millions of won per year despite losses and threat of insolvency.
National Bank Of Abu Dhabi expands in Malaysia
The National Bank of Abu Dhabi has opened its wholly-owned subsidiary in Malaysia to extend its expansion to 14 countries.
China considers DIS to mitigate coming bank failures
The souring economy is forcing China to hedge against bank bankruptcies.
Chinese banks to see lower profits this year
The banking sector could see a large drop in profits this year due to domestic and international financial turmoil.
Kumar is new RHB Group CFO
RHB Banking Group has appointed Prem Kumar as its new Group Chief Financial Officer.
Tamilnad Mercantile Bank promotes Murthy to Managing Director-CEO
Nagendra Murthy, erstwhile General Manager of the Credit Department of Tamilnad Mercantile Bank, has been named Managing Director.
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