Retail Banking

ASEAN banks brace themselves from giant Chinese tech companies

These tech players venture into fintech using data from ecommerce.

58% of APAC banks aspire to reach digital maturity by 2020

They focus on digital innovations to improve risk management.

Bank J. Safra Sarasin Singapore appoints Vinay Gandhi as CEO

The Ultra High Net Worth (UHNW) division in Asia will report to him.

Siam Commercial Bank revamps digital banking efforts

It aims to expand its mobile banking user base to 10m by 2020.

Hong Kong banks may need to lift deposit and interbank lending rates

No thanks to higher funding required for retail deposits.

RHB unveils corporate debit card to reduce cheque and cash payments

The initiative is meant for business payments made to government agencies.

CIMB raises fixed deposit and lending rates

This is in response to Malaysia's central bank's 0.25% rate hike.

Citi's APAC consumer bank revenue up 7% at $7.3b in 4Q17

It is their sixth consecutive quarter of growth.

Chinese banks struggle with tighter liquidity conditions in 2018

Medium and small-sized banks are more vulnerable to these conditions.

Kasikornbank may need higher provisions on credit losses

Its IFRS 9 compliance detected a high-risk loan portfolio from high exposure to SMEs.

Malaysian banks' 2018 net profit growth slows to 7.2%

This is compared to a stronger 13.0% in 2017.

CIMB approves Malaysian banks' interest rate hike

The bank believes it is well-equipped to implement the rate growth.

India to put nearly $14b into state banks by March

In return, the banks must implement reforms to boost lending and solve bad debt.

Deutsche Bank hires new managing directors for its wealth management Global South Asia business

Rasik Ahuja, Sagar Sapra, and Swapnil Mishra are the three new managing directors.