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The total resources of the Philippine banking system rose by almost 10 percent at the end of September. This is indicative of the public’s continued trust in the banking sector, according to the Bangko Sentral ng Pilipinas.

The nearly 10 crore farmers who hold kisan credit cards will soon be able to use their card as a deposit account and a debit card. This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone. KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a cheque book or withdrawal slip. The card is used only to store the details of the account. "We are working on revamping the current concept of KCC. It is aimed at providing more financial freedom to farmers who can use this at various point of sales," said a finance ministry official, requesting anonymity. The revamped card will have features of both credit card and deposit account. "This would reduce the need for multiple accounts in the bank," said the official. Banks will give interest credit to farmers with credit balances in KCCs to encourage them to remit farm sale proceeds into their KCC account. "Today, farmers avail the full credit amount in one go and end up paying higher interest amount. If it becomes a debit card, they will use it as and when required and pay substantially lower interest burden," said UC Sarangi, former chairman of Nabard, or the National Bank for Agricultural and Rural Development. For the source of this story, click here.

China's listed banks are expected to raise over 100 billion yuan or $15.78 billion through equity financing next year.

The State Bank of Vietnam has issued a decision to amend the chartered capital of VietinBank-CTG’s Financial Leasing one-member Ltd Co.

China's cross-bank card transaction surged 35 percent year-on-year to a record high during the three-day New Year holiday.

Yet analysts doubt on the marketability of KDB shares in the current environment.

The technology is equipped with sophisticated features to ease clients’ trading, transaction and market information gathering.

The lender targets 4% growth in 2012 after reaching 7% last year.

Lenders seek to go beyond China and Southeast Asia to tap Kazakhstan, India and Bangladesh markets.

The U.S. fund may drop out of the contract if regulators fail to approve deal by the end of February.

Standard Charetred Bank will continue to hire this year in Asia, according to  the Asian head of Standard Chartered Plc Jaspal Bindra.

ICICI Bank launched the ICICI Bank Rubyx – India’s first Platinum Credit Card with dual card benefits.

Opening account in the social networking site is one of its strategies to continue providing "superior banking services.

The Taiwanese lender is keen on the move after signing cooperation pacts with Mainland banks.

Singapore’s investment company has been increasing its investments in China over the years.

Running short of viable investment options, Japan’s Sumitomo Mitsui Financial Group will continue investing in U.S. Treasuries to boost profits.