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Temasek bought 4.4 billion shares of the Chinese lender, increasing its stake to 8.1%.

Moody’s reduction to the country’s debt grade was the first in nine years.

 Banque Pour Le Commerce Exteriour Lao Public have experienced an increased net profit from 92.2 billion kip last year to 156.1 billion kip in the first six months.

Direct wage payments to employee bank accounts linked to automatic teller machine cards may be written into law, indicated the Department of Labour-Salary.

Maybank is benefiting from a re-focus to domestic growth for both corporate and consumer amid a volatile global market, Citi Investment Research said.

Local lenders enjoyed 35% revenue rise in the first half of this year amidst global economic woes.

The move comes at a time when several MSME units are struggling to service loans.

The sale has quelled fears that BoA’s shares would be dumped into the market.

Only six Taiwanese banks have ventured to open a branch in China after restrictions were relaxed.

The loan delinquency ration of South Korean banks was up in July on account of seasonal factors, according to the Financial Supervisory Service . The rate of bad loans against the total bank loans to companies and households is at 1.13 percent at the end of July. Ths figure is up by 0.16 percentage points from the 0.97 percent tallied in the previous month. The delinquency ratio tends to decrease in June when local banks clean up their balance sheets at quarter-end, according to the FSS. The delinquency ratio of banks' corporate lending rose sharply in July due to the assessment of credit risks of local companies. The default rate of corporate loans came in at 1.44 percent in July, up 0.25 percentage points from a month earlier, with the corresponding rates for large corporations and small- and mid- sized firms advancing by 0.15 percentage points and 0.28 percentage points over the cited period respectively. The delinquency ratio of banks' household lending rose 0.05 percentage points on-month to 0.77 percent as of the end of July, according to the statement. The default rate for home-backed loans, which account for most of The full story is available at Xinhua News.

Vietnam’s accommodative monetary policy has resulted in high inflation and prohibitive borrowing costs.

Minimum investment for the bonds is $33.39 while the maximum is $33,392.

RBI may also enforce new lenders to meet a minimum capital requirement of $109mn.

About 2,500 unionised workers stopped work June 27, saying that the new system was just aimed at cutting labour costs.

India was not in favour of fund raising via rights issue since it would entail additional expenditure for the government.

75% of the S$7.5b rise in loans came from the business segment.