Retail Banking
India's govt banks won't increase savings interest rates
India's govt banks won't increase savings interest rates
Public sector banks are will not raise interest rates as they are convinced their customers will remain loyal.
Institutional caution issued against Kookmin Bank
An institutional caution has been issued and a fine of 54.5 million won or US$49,086 has been slapped against Kookmin Bank for breaching regulations...
IBK net incomes up 12% in Q3
The Industrial Bank of Korea announced that its third-quarter earnings rose 12 percent from a year earlier due to an increase in interest income.
China's central bank injects cash via open market
The People's Bank of China stopped draining liquidity from banks through its open market operations this week.
Asian banks hit by another round of massive job cuts
Credit Suisse and Nomura Holdings recently announced cost cutting, all the more proving Asia’s falling job market.
DBS keen to buy businesses shed by European banks
“At the right time and right price, we’ll always be a buyer,” CEO Piyush Gupta said.
OCBC’s 3Q11 profit disappoints at S$513m
The bank’s non-interest income also declined 26% due to net trading loss.
Japanese banks shift money into US to escape Euro crisis
The sovereign debt crisis in the Euro zone sure got Japanese banks worried.
UOB’s profit slumps 18% to S$522m in Q3 2011
You can well blame it on poor trading and investment income.
Allahabad Bank's net profit up 21.22%
Allahabad Bank registered a net profit of Rs.488.01 crore for the second quarter ended Sep 30, 2011, from Rs.402.57 crore last year. This figure...
Westpac's profit up 10% to US$7.2B
Westpac Banking Corporation posted a 10 percent rise in full year profit to US$7.2 billion from US$6.54 billion U.S. dollars last year.
Hong Leong Finance opens branch in South Bridge road
The new Hong Lim branch has wheelchair-friendly features such as ramp accessibility and lower service counters.
Nomura Holdings to cut jobs in Japan
Nomura has plans to triple cost cuts to $1.2 billion after incurring its first quarterly loss.
DBS’ profit up 6% to an amazing SGD 762m
Liquidity remains healthy and with steady deposit inflows, loan-deposit ratio is at 84%.
ICICI Bank profit up 22% to $307.5mn
Yet rate increases by the central bank have started hurting demand for retail loans.
Bank Rakyat Indonesia to divest stake in Bank Agroniaga
The move will enable public shareholders to control 20 percent of Agroniaga.
Woori Finance net profit up 8.3% in Q3
Increased interest income and lower credit costs push Woori Finance's third-quarter earnings up 8.3 percent from a year earlier.
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