Retail Banking
Prudential mulls increasing its 26% stake in ICICI
Indian government seen to allow foreign insurers to raise their stakes.
Prudential mulls increasing its 26% stake in ICICI
Indian government seen to allow foreign insurers to raise their stakes.
Suspension of savings banks to have limited impact on Korea’s banking system: analyst
As the savings bank sector accounts for roughly 5% of the national banking system, which is relatively too small for it to make a big enough impact.
Chinese banks beat their foreign counterparts with strong profits in 2010
Profits of city commercial banks and joint stock banks surged 55.05% and 46.81% respectively.
UOB is the best managed on liquidity risks among the Singapore banks
Its capital buffers are also the highest compared to OCBC and DBS.
Reserve Bank of India deems rate hikes necessary
DBS expects RBI to raise policy rates to 8.5% by December 2011.
HK to give grand welcome if UK banks transfer to ex-territory
Shareholder interest and profitability issues may force HSBC and other British banks to reconsider relocation.
Think tank laments South Korea’s uncompetitive financial industry
Industry urged to revamp governance and put determined effort on overseas expansion.
ICICI keen on foreign currency bonds
The bank is exploring fund-raising opportunities in currencies like the Swiss franc and the Japanese yen.
China punishes state banks for over-lending
China's central bank just took 20 billion yuan or $3 billion out of state-owned banks by forcing them to purchase packages of central bank bills.
Bank of China intensifies cooperation with Taiwan-based banks
Bank of China and Taiwan-based Hua Nan Bank and Chang Hwa Bank entered into the comprehensive business cooperation agreements.
ICBC posts over RMB100 B after-tax profit in H1
ICBC announced after-tax profit in the first half of 2011 of RMB 109.6 billion, up 29% year-on-year.
HSBC is world’s most valuable bank brand
But banks in the top 100 brands have lost $25.9b from their total brand value since January 2011.
HSBC appoints David May as head of equity research in Asia Pac
Chris Georgs was also appointed as global head of equity research.
Bank of Nova Scotia seeks Asian acquisitions
The lender shifts its eyes on Asia as economic growth in Latin America falls short from expected.
StanChart India attributes its IDRs’ performance to ‘impurities’
Though the IDR issue fell below expectations, it worked out perfectly well for the bank.
Hong Leong Bank names Sanjay Uppal as chief financial officer
Uppal previously worked in StanChart as the CFO in its Taiwan, the Philippines and the UAE offices.
HDFC Bank unveils new personal loan product
‘Swift’ enables the lender to cut loan processing to 24 hours.