In Focus

India moves against rising restructured debt risk

Orders banks to boost reserves to 5% from 2.75%.

India moves against rising restructured debt risk

Orders banks to boost reserves to 5% from 2.75%.

New law allows 60% ownership in Philippine rural banks

President Benigno Simeon Aquino signs Republic Act 1057 into law.

Indonesia gets e-money payment system

Bank Indonesia will introduce e-money in June.

New rules dampen demand for WMPs

These also threaten banks’ profits, however.

Japan to extend RE loans to Costa Rica

Loans to help Costa Rica become carbon neutral by 2021.

Indian banking sector to spend 13% more on IT in 2013

Gartner, Inc. estimates spend at US$7.6 billion.

HSBC developing tailor-made financial services

Targets are Chinese companies planning overseas ventures in Europe.

Bank’s access to SDAs curbed by Philippine government

Total cuts now more than 200 basis points since July 2012.

Japanese megabanks predict lower profits this year

Says monetary easing made loans less profitable.

Chinese banks should do more online business

Ernst & Young also recommends they develop their intermediary business.

BOC Hong Kong backs SME financing

Launches privileged guarantee fee subsidy.

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.