News

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

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

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

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

Chart of the Week: India's payments via UPI to reach $1.7t in 2025

The entrance of WeChat Pay is expected to intensify competition in the payments space.

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OCBC, DBS, and UOB’s earnings rose in Q3—but 2021 presents a tough test as fiscal, monetary relief gets withdrawn.

Pandemic-driven rapid digital growth benefits APAC incumbent banks

Despite the rise in digital banking demand, neobanks’ performances faltered compared to incumbent peers.

South Korea mulls tightening rules on overdrafts: report

Household debt reached a record high of $1.47t in June.

How Spenmo helps businesses secure direct loans

The platform also allows merchants to effectively manage expenses.

Westpac to exit China, other Asian markets

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

Weekly Global News Wrap: Revolut to apply for US bank licence; G7 to block Facebook's Libra

And Credit Suisse hires former Bank of America investment banking head.

Philippine banks remain firm, but headwinds loom: Fitch

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

Ageing, digitization drive new income streams to Japan's regional banks

Banks can help ageing SME owners manage business risks, says Moody’s.

APAC banks' problem loans to double by 2022: Moody's

India and Thailand are the most vulnerable.

Bank of Korea plans test-run circulation of digital currency in 2021

It will launch a pilot program to study the potential introduction of a new cryptocurrency.

China's shadow banking credit growth to slow in H2: Moody's

The upcoming lower interest rates on informal lending will kick on growth prospects.