News
India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s
The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.
India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s
The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.
Singapore fintech investments reach $614.2m in H1 with smaller deals
The total transaction value is smaller than in H1 2020 but deal numbers are at a three-year high.
Bank of the Philippine Islands to cease coal financing by 2033
BPI aims to stop lending 45% of coal-fired powered projects.
South Korea card payments up 7% in July despite COVID resurgence
Online card payments are 28% higher than in July 2020.
NAB buys Citi’s Australian consumer business for $882m
Citi Australia’s senior management and about 800 employees are expected to join NAB.
Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks
LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.
Over $6b of Indian banks’ loans in possible jeopardy: report
Future's botched sale of retail assets could lead to problems for State Bank of India, other lenders.
Singapore banks push ahead to post-pandemic era
Significant loan book exposure in China is helping them recover faster than their regional peers.
Bank of Thailand base rate to hold through 2022: Fitch
This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.
Singapore Fintech Festival 2021 to discuss Web 3.0 for financial uses
It will take place from 8 to 12 November as a hybrid event.
Singapore banks post robust net profit results
All three major banks reported net profits of more than $2b for the first six months of 2021.
Weekly Global News Wrap: HSBC’s US investment arm raises new analysts’ pay to $100,000; Citi, HSBC, other firms move to close Asia’s coal-fired plants
And JPMorgan’s new healthcare unit invests $50m in Vera Whole Health.
DBS profit up 54% to record S$3.71b in H1, 33 cents DPS announced
Fee income rose to a record as wealth fees hit new heights.
Myanmar limits foreign staff allowed in domestic banks: report
Major banks can now employ no more than 25 foreign staff.
Hong Kong’s Airstar Bank launches pilot trial of SME Easy Pay Loan
After transferring their existing installment loan, customers can enjoy a first 24-month principal payment holiday.
BNPL continues to gain traction with Square’s $29b acquisition of Afterpay
Afterpay accounts for 7.7% of Australia’s e-commerce market.
What keeps young Muslims from embracing Islamic banking?
The lack of available online banking options will be a dealbreaker for most.
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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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