Retail Banking
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Affin Bank mulls EON Cap takeover
Lender banks on improving financials and fundraising potential for bid despite criticized for being small.
Metrobank 2009 profit up 36.8% at $131mln
Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.
Thanachart acquires $1bln Siam City stake
Purchase of 47.6% stake in SCB has given Scotiabank avenue to expand in Thailand.
Bank of China to issue $7.7 billion HK shares
Calculated as the biggest fund-raising plan in Hong Kong so far in 2010, the offering represents 20 percent of the bank's H-share capital.
Bank Indonesia to defer single presence rule implementation
BI governor agreed to 2 years postponement as state-owned lenders proposed for total exemption.
2 Indonesian banks' rights issues deadline extension possible
BNI and Mandiri can have more time to submit plans within the context of the process.
India plans injecting $2.1bln in public sector banks
Amount to be infused in Q1 prioritising lenders with 8% or above CAR.
Siam City Bank stake deal set for signing
Sources said Thanachart Bank had $984mln bid to acquire 48% of SCB from Bank of Thailand.
Lone Star eyes selling Korea Exchange Bank stake
Buyout fund restarts attempt to dislodge 51% share in KEB despite pending appeal at Supreme Court.
Tse appointed HSBC asset management CEO in Singapore
Ms Mah Yeok Fun, the incumbent, will take up the newly created role of Head of Institutional Business Development, South East Asia.
3 Indian banks set to raise capital
Bank of Baroda, Bank of India and Corporation Bank eye acquiring total $1.2bln for expansion.
Maybank acknowledges Bank Negara’s consolidation programme behind growth
Yet lender expressed worries on expected increase in inflation and interest rate.
India asks legislators to trim State Bank stake
Selling 8.41% of its stake in lender aimed to generate $2.5bln needed for its growth.
China Development Bank to evaluate tie-up with Barclays
Lackluster performance of banks after two years of partnership forced CDB's board to review relationship.
RHB partners with TM Asia Life for bancassurance
MoU gives bank 10-year right to sell insurer's plans while latter pays $30mln exclusivity fee.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
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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