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India preparing new policy roadmap for banking sector
India’s Ministry of Finance is working on a new policy framework for the country's banking sector.
India preparing new policy roadmap for banking sector
India’s Ministry of Finance is working on a new policy framework for the country's banking sector.
Taiwan’s top financial firm to invest US$1.3 billion in China
Cathay Financial Holdings intends to invest up to US$1.3 billion to acquire mainland Chinese banks or build partnerships in China.
CIMB eyes second listing in Indonesia after Malaysia
CIMB plans to be listed on the Indonesia Stock Exchange, though currently it is only listed on Bursa Malaysia.
China curbs forex rules for firms expanding overseas
Chinese firms will be allowed to use foreign currency loans they acquire from domestic banks to finance operations overseas starting on July 1.
RMB liquidity facility to open in HK
A facility for providing Renminbi liquidity to authorized institutions in Hong Kong has been unveiled by the Hong Kong Monetary Authority.
China's banking authorities deny 30% home lending discounts
The PBOC said reports that it allowed 30 percent lending discounts to first-time home buyers contain deliberate misinterpretations.
CIMB sees its Indonesia earnings surpassing that from Malaysia
CIMB predicts that its business in Indonesia will surpass that from its home base of Malaysia in profit before tax in three years.
TienPhongBank to lend $144M in low interests
TienPhongBank has allocated US$144 million to provide low-interest loans for enterprises.
Electronic fund transfers in India to become free
The Indian government urged the Reserve Bank to find a way in making electronic fund transfers free of charge.
Allahabad Bank targets 21% growth
Allahabad Bank has set a business growth target of 21.39 percent by end of the current fiscal.
Indonesia’s Bank Jabar to acquire 51 small banks
Bank Jabar plans to buy a majority stake in 51 rural banks this year to tap the potential of small and micro businesses.
S. Korean banks warned against loan defaults
Loan delinquency rates have accelerated in Korea, making it imperative for lenders to better manage their loans.
Cathay United Bank to acquire Cambodian bank
Cathay United Bank will purchase 70 percent of the Cambodia-based Singapore Banking Corp. Ltd.
BSN's new service helps bring deals worth $15.8M
BSN posted over 600,00 transactions nationwide worth RM50 million or US$15.8 million since introducing its Banking Beyond Branches service in January.
Competition among small and big Chinese banks increasing
Small Chinese banks are taking away business from their bigger, state-owned rivals with simple offerings such as higher interest rates.
China to relax limits on lending
China's central bank implemented an interest rate cut by 25 basis points, the first reduction since the end of 2008.
China's first tech-focused bank to open in Shanghai
The first bank in China focusing on technology companies will start operating in July.
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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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