Retail Banking
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
New Zealand regulator sees no need for Australia-style banking inquiry
Even though the country’s four biggest banks are units of Australian lenders.
Singapore bank lending up 0.8% in April
Consumer and corporate loans edged up slightly.
Transact with BOCHK ATMs using finger authentication
Bank of China (Hong Kong) Limited’s finger vein authentication offers an answer to the rising security threats looming over Asian retail banking.
CIMB Group profit up 11% to $328.38m in Q1
Lower opex and provisions buoyed quarterly earnings.
China regulator carries out inspections to sniff out shadow banking activity
Some trust companies halted their channel business amidst intensified scrutiny.
Weekly Global News Wrap Up: US loan demand dips as SMEs turn to personal funds; Swiss lender BCP halts all business with Iran
And Bank of Nova Scotia’s Q2 earnings smashed analyst expectations.
Australian watchdog seeks staff integration into misbehaving banks to intensify oversight
The Australian Securities and Investments Commission is seeking funding for this purpose.
Lower expenses push Maybank profits up 10% to $477.39m in Q1
A surge in fee-based income outpaced growth in overhead expenses.
Strong SME lending buoys Taiwanese banks' growth prospects
Loans to the SME segment accounted for almost a third of total system loans.
China's banks are sidestepping the shadow banking crackdown
Issuance of structured deposits surged almost 47% to $1.4t in the year through March.
NAB hit by nationwide technology outage
Customers were unable to access banking services for a time.
OCBC rolls out financial advisory and lifestyle programme for elderly
It will train seniors on e-payments amongst other activities aimed at safeguarding their future.
India's massive bailout fails to buoy banks out of earnings rut
Little will be left for lending from the government’s $32b capital injection.
Foreign banks flock to Australia as local lenders reel from damning probe
Barclays, Societe Generale and ABN AMRO are amongst those taking advantage of the opening.
A tale of two cities: India's newest banks are some of the world's most profitable
AU Small Finance Bank’s return-on-equity hit 56% versus 11% for JPMorgan Chase.
The Philippines cuts bank reserve requirement ratio to 18%
However, the country still has one of the highest RRR levels in Asia.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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