Retail Banking

Even with the arrival of the digital banks, don't write off the incumbents

Much has been written about the likely death of incumbent banks in the face of coming competition from neobanks (or digital banks) soon to be launched...

India's HDFC Bank posts $1.2b in Q3 profit

Gross bad loan ratio shrank to 0.8% at end-December.

OCBC launches COVID-19 employee vaccine support programme

The bank will provide vaccine education as well as support for side effects.

Indonesia's BRI to raise $1b in rights issue

It wants to strengthen its capital base for possible acquisitions.

Indian central bank drafts scheme for Lakshmi Vilas, DBS India merger

DBS will inject $345m into DBIL if the scheme is approved.

Earnings boost for Australian banks in 2021, but headwinds persist

Deterioration in asset quality will likely emerge in 2021.

Rough road ahead for big three banks after improved Q3

OCBC, DBS, and UOB’s earnings rose in Q3—but 2021 presents a tough test as fiscal, monetary relief gets withdrawn.

Westpac to exit China, other Asian markets

It will consolidate operations into branches in Singapore, London, and New York.

Philippine banks remain firm, but headwinds loom: Fitch

Weak local consumption and high credit impairment are fanning the fire.

How Citi ASEAN's workforce champion adaptability, diversity

Joel Fastenberg talks about how Citi rose to the challenge of digitization, work-from-home and diversity.

Singapore regulator probing reports on suspicious bank transfers

An appropriate action will be taken based on its own review.

CIMB Bank to open branches in Malaysia over two weekends

This is to facilitate financial aid to clients upon the expiry of the loan moratorium.

Recovery still not in sight for ASEAN banks

Operational green shoots remain vulnerable as borders are still closed.

Philippine banking system edges closer to a digital revolution

The market has qualities favorable for virtual banks to thrive.

Chinese banking sector's net profits down 24.6% YoY in Q2

Improvement in sight for H2, but lenders may face capital shortfall.