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The sale has quelled fears that BoA’s shares would be dumped into the market.

Only six Taiwanese banks have ventured to open a branch in China after restrictions were relaxed.

The loan delinquency ration of South Korean banks was up in July on account of seasonal factors, according to the Financial Supervisory Service . The rate of bad loans against the total bank loans to companies and households is at 1.13 percent at the end of July. Ths figure is up by 0.16 percentage points from the 0.97 percent tallied in the previous month. The delinquency ratio tends to decrease in June when local banks clean up their balance sheets at quarter-end, according to the FSS. The delinquency ratio of banks' corporate lending rose sharply in July due to the assessment of credit risks of local companies. The default rate of corporate loans came in at 1.44 percent in July, up 0.25 percentage points from a month earlier, with the corresponding rates for large corporations and small- and mid- sized firms advancing by 0.15 percentage points and 0.28 percentage points over the cited period respectively. The delinquency ratio of banks' household lending rose 0.05 percentage points on-month to 0.77 percent as of the end of July, according to the statement. The default rate for home-backed loans, which account for most of The full story is available at Xinhua News.

Vietnam’s accommodative monetary policy has resulted in high inflation and prohibitive borrowing costs.

Minimum investment for the bonds is $33.39 while the maximum is $33,392.

RBI may also enforce new lenders to meet a minimum capital requirement of $109mn.

About 2,500 unionised workers stopped work June 27, saying that the new system was just aimed at cutting labour costs.

India was not in favour of fund raising via rights issue since it would entail additional expenditure for the government.

75% of the S$7.5b rise in loans came from the business segment.

Such deposits have a similar effect as 100-150bp reserve requirement ratio hikes.

Analysts are upbeat that the new merged entity between Hong Leong Bank and EON Bank will benefit in the long run.

Bank of America will sell around 13.1 billion common shares of China Construction Bank Corporation to generate approximately 8.3 billion dollars of cash.

Tie up with Bank of China and Bank of Communications furthers lender’s expansion in the country.

Hong Leong Bank Bhd overcame a slashed fourth quarter profit to end the financial year with an increased net profit.

The capital adequacy ratio of South Korean banks edged up in the second quarter on account of solid earnings.

The fund will have a Shariah- compliant equity exposure of up to 98% of the fund's next asset value.