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China's RRR cut cushions lenders against impact of shadow banking crackdown
The cut aims to encourage banks to move from WMPs to deposit funding.
China's RRR cut cushions lenders against impact of shadow banking crackdown
The cut aims to encourage banks to move from WMPs to deposit funding.
India's banking woes dampen economic outlook
The banking sector is saddled with $210b in problem loans. Bloomberg reports that India’s chronic bad debt problem has spiraled beyond the control of the formal banking sector to the extent that it has dampened economic forecasts for the country. "The problems in India’s banking system are self-inflicted mostly because of lack of due diligence," said N.R. Bhanumurthy, a Delhi-based economist at the National Institute of Public Finance & Policy. "Of course this will affect growth."
Hong Kong banks scrap fixed-rate mortgages as interbank lending rates surge
HSBC and BOC have stopped offering the popular loans whilst ICBC will stop on May 1.
Indonesia makes headway in curbing its unbanked population
Almost half of adults now have a bank account, up from a fifth in 2011.
Will the looming property slowdown set back Hong Kong banks?
Loan growth is expected to slow in 2018.
APAC banks grapple with growing property risks: Fitch
Rising property loans and household indebtedness may pose problems for banks’ balance sheets soon. Higher levels of property exposure are raising the associated risks for Asia Pacific’s banking sector with Australian and New Zealand banks exhibiting the highest residential property risk, according to credit rating agency Fitch. Risks will remain high in the two markets as household debt grows due to rising home prices, driving future growth prospects for property loans.
APAC banks to launch cross-border real-time payments via SWIFT gpi
DBS, ANZ, Kasikornbank, and ICBC are amongst the participants.
New reporting standards to aid China's shadow banking crackdown
IFRS 9 will support Beijing’s bid to curb credit growth and balance sheet consolidation.
MAS tightening to bolster Singapore banks' performance
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
Which APAC banks need to brace for IFRS 9 impact?
Find out which banks may face difficulty amidst a lack of long-run historical data.
Can Hong Kong banks meet IFRS 9 requirements on time?
Profitability may be hit amidst higher provisioning prerequisites.
Indian banks are facing another massive cash crunch
ATM withdrawals are surging as the country still reels from the 2016 demonetisation.
PIN numbers may soon be a thing of the past for Japanese banks
JCB Co. is testing its contactless payment solution using fingerprint authentication.
Chinese banks may ramp up lending amidst $63.62b additional liquidity
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
APAC's bancassurers turn to blockchain to enhance offerings
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
Weekly Global News Wrap Up: Blockchain may hammer Swiss banks; US banks can cash in on higher Libor
And it's the start of a good year for BofA as profits rose 34% in Q1.
Chart of the Week: How open is Asia to branchless banks?
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
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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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