News

India’s private banks’ NIMs contract 32  basis points in Oct-Dec 2023

Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.

India’s private banks’ NIMs contract 32  basis points in Oct-Dec 2023

Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.

Mizuho Financial Group plans to inject $5.7m to trust banking arm

This is so that MTBC can acquire over 600,000 shares of Mizuho.

Mizuho names new president and CEO for trust banking arm

Kenichi Sasada was head of the asset management division and real estate unit.

Chart of the Week: Indian banks’ credit exposure to NBFCs slows in Dec

However, the growth trajectory is still higher compared to a couple of years ago, data showed.

Thai banks brace for a rise in loan defaults in 2024: analyst

The sector grapples with elevated costs and weak loans, S&P said.

Alipay+ adds 9 int’l e-wallets to Thai ecosystem ahead of CNY

A large number of the 1 million tourists visiting Thailand for the holidays are from China.

Malaysia proposes revisions to Islamic banking regulations

The central bank is inviting feedback to its exposure draft, until 31 March.

Bendigo and Adelaide Bank warns of impersonation scams

Criminals pose as bank brands to phish money and banking information.

Citi Securities Services launched FIX API connectivity in ETF platform

This comes at just the right time with the ETF industry's impending move to T+1.

Hong Kong mulls raising deposit protection limit to HK$800,000

The raise is 60% higher than the previous protection limit of half a million dollars.

Bank of America eyes client-focused approach amidst Malaysia's economic rebound

Bank of America was named as the top investment bank in Malaysia in 2023 based on M&A deals and services offered.

Korean financial regulator vows to fight contagion risks from property financing: report

Lee called these real estate PF risks a “detonator” of the South Korean economy.

National Australia Bank appoints Andrew Irvine as new group CEO

He will also become NAB’s managing director, beginning 2 April.

DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions

The group management committee’s compensation was reduced by 21%.

DBS proposes bonus share issue for shareholders

The bank plans to give one bonus share for every 10 ordinary shared held.

APAC banks face mounting credit losses from property exposure

Credit losses could rise 7% to $490b in 2023, S&P Global Ratings projected.