News

Retail credit will continue to drive Indian bank growth

Demand from the corporate sector will continue to remain weak, however.

Maybank Singapore offers range of Islamic banking products

Shariah-compliant banking products to finance property acquisitions.

Only foreign banks doing retail banking will convert to PTs

New banking bill could also exempt foreign banks involved in wholesale business from this.

Deutsche Bank to boost global transaction banking services in Indonesia

Move due to Indonesia’s rising investment and strong domestic consumption.

Merger could follow Bank Danamon takeover

Bank Danamon to merge with Bank DBS Indonesia if deal pushes through.

Sumitomo Mitsui to open bank branch in Perth

Expansion into Western Australia driven by need to support Japanese firms.

Faster financial reforms needed to curtail shadow banking danger

Rising risks from shadow banking make this urgent.

CIMB focuses on equities for growth

This is part of its plan to become a leading pan-Asian investment bank.

Citi launches new information technology technology called Open Ai

Learn what it can do for alternative investment clients.

Overseas Indian banks post high credit growth

Growth stood at 27% 2011-12 compared to foreign banks operating in India.

Indian banks boosting overseas staff

Number of employees working abroad rose 6.1% in fiscal year 2011-2012.

CIMB launches its investment banking business in India

Devesh Kumar will lead the 60-strong team in India.

BPI sees strong business growth in Q1

The second largest bank says growth will be driven by the Philippines’ strong economic performance.