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IDBI Home Finance ready to merge with parent firm
IDBI Home Finance got a go signal top merge with its parent IDBI Bank from the Corporate Affairs ministry.
IDBI Home Finance ready to merge with parent firm
IDBI Home Finance got a go signal top merge with its parent IDBI Bank from the Corporate Affairs ministry.
ICBC to expand globally via emerging countries
Industrial and Commercial Bank of China Ltd. will increase its global footprint by setting up branches in India, Pakistan and Brazil.
China regulator halts approving city lenders' rural banking proposals
Some analysts believe city lenders are adept at dealing with small clients while others doubt on city lenders’ capacity to provide enough human talent and capital for growth.
Hong Kong Monetary Authority gives banks funding plan deadline
Hong Kong banks should submit its plan by the end of the month for HKMA to avoid the risk of credit-fuelled property bubble.
Bendigo and Adelaide Bank inaugurates new wealth management unit
Bendigo Wealth delivers better consistency across the bank’s product range as it aligns its portfolio of wealth management services with those of its retail bank.
KEB offers wide range of services for expatriates
The lender boasts of its Easy-one Foreign Exchange Transaction Service that aims to eliminate as many banking inconveniences.
Indian bank used to evade US taxes
An Indian-American pleaded guilty to conspiring to defraud the Internal Revenue Service with five HSBC bankers by hiding his Indian accounts.
ICBC conducts RMB option trading with BOC
ICBC carried out numerous RMB-foreign currency option trading with Bank of China on the inter-bank foreign exchange market.
Kookmin Bank poised to achieve pre-crisis profits in 2011
Costs incurred from massive job cuts and other factors cut down the lender’s profit to $10mn last year compared with $2.49bn in 2007.
CIMB optimistic currency exchange unit to grow to $496mn
Month-on-month transaction growth of 11% has been achieved by the bank since it introduced foreign currency dispenser machines.
ICBC seeks to open first Brazil branch
The lender plans to establish full service unit in Sao Paulo with an initial capital of $100mn after expansion in US and Europe.
A month left for the nominations in the upcoming Asian Banking and Finance Retail Banking Awards 2011
The Asian Banking and Finance Retail Banking Awards 2011 is now underway its process of nomination.
China Everbright Bank's 2010 net profit up 67.4 %
China Everbright Bank's net profit is up jumped 67.4 percent to US$1.96 billion U.S. dollars for the 12-month period ended on Dec. 31. 2010.
Westpac to expand operations in Asia
Westpac Banking Corporation expand its business in Asia organically and through partnerships rather than acquisitions, according to its chief executive Gail Kelly.
China mulls Singapore as new renminbi trading centre
China eager “to push 'Asianization' of the renminbi” as analysts believe it is in its interest to establish more offshore renminbi hubs.
StanChart’s Korea Unit to maintain paying dividends
Despite 27 branch closures in 2011, the lender still has no plans to pull out of South Korea.
South Korea financial watchdog cautions on heated competition
The FSS advised South Korean banks to step up overseas expansion as local market is already saturated.
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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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