News

Chinese banks urged to accelerate lending as economy grinds to a halt

New credit as a percentage of GDP has plunged to a near-three-year low in June.

Chinese banks urged to accelerate lending as economy grinds to a halt

New credit as a percentage of GDP has plunged to a near-three-year low in June.

India needs to trim its bloated banking sector: CEA Subramanian

A healthy system has between three to five public and private sector banks.

Property curbs will hit Singapore banks hard only by 2019

Lenders have one more year of relief amidst previous approvals they drew down.

Indian ATMs and bank branches are falling short of hot demand

Rajasthan village has no banking infrastructure to serve its 5,500 residents.

Steep capital requirements may hit Asian banks holding crypto assets

Regulators are eyeing the same set of capital guidelines used for conventional assets.

Hong Kong to launch blockchain-powered trade finance platform in September

This involves the participation of the central bank and seven other lenders.

Weekly Global News Wrap Up: US banks face trouble beefing up mobile base; Embattled Wells Fargo's earnings crash to $5.19b in Q2

And an Islamic banking entity with about $92b in assets may be in the works. From Bloomberg: The biggest banks’ push into mobile is running out of low-hanging fruit. Bank of America Corp. added active mobile customers at a slower pace for at least the fourth quarter in a row in the three months through June. JPMorgan Chase & Co.’s active mobile customers increased 2.4 percent in second quarter. A year earlier, the jump was 4.1 percent.

Chart of the Week: Malaysian banks' bad loans down to 1.6% in May

Consumer gross impaired loan ratio has plunged to a historical low of 1%.

Chinese banks new loans hit $274.91b in June

Household loans dominated monthly lending.

7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek

The app’s wide payment capabilities poses a risk to conventional banks.

SIBOR set to buoy Singapore banks from slow mortgage growth

Every 10bps rise in SIBOR could offset a 1ppt slowdown in loan growth.

India's bad debt burden is the second worst globally

Trailing only behind Italy, the country has a bad loan ratio of 11.6%.

Myanmar steps up oversight over share acquisitions by foreign banks

Foreign investors are allowed to acquire up to 35% stake in local firms.

China greenlights establishment of overseas banks

Arab Bank has received the green light to set up a Shanghai unit.

Australian customers embrace smaller banks as top four bear brunt of scandal

Customer satisfaction was high for mid-sized lenders like Bendigo and ING.

Philippine banks explore blockchain for payment and remittance services

The central bank approved a pilot project creating a real-time remittance corridor.

Over three fourths of the Philippine population is unbanked

This translates to only 15.8 million Filipinos out of 103.3 million.