News
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.
Australian banks brace for class action
IMF Australia to represent 500,000 Australians in accusing lenders of illegally charging US$4.5bln for minor violations.
China's top banks secure approval to raise $42bln
Country’s cabinet gives nod to 4 biggest listed lenders to use securities market in replenishing capital.
Taishin Financial targets 15% more clients
Lender eyes expanding its loan business by 10% and emerging as leader in mobile banking services.
Moody's says M&A of Korean banks pose risks
Country's stable credit put on risks as KEB is being sold and Woori privatised.
SBI targets reaching 12,000 unbanked villages
Plan submitted to India's central bank under financial inclusion programme for the year.
ICICI Venture mulls launching $500mln infrastructure fund
Lender joins other private firms to fund India's $1tln infra projects between 2012 and 2017.
HSBC launches instant video consultation service for customers
Lender to provide Premier Customers real-time financial advice and assistance from Relationship Managers.
Siam Commercial invests in IT security
Lender harnesses Internet to protect its business from global and political uncertainty.
DBS, JCB International ink merchant acquiring services deal
JCB cardmembers enjoy wider card acceptance in Hong Kong, Macau while DBS provides merchant acquiring services.
StanChart okays India listing bid
Shareholders give approval for up to $1bln IDR offering while seeking anchor investors.
CIMB gets approval to expand in Cambodia
Country's central bank governor granted approval-in-principle to lender's bid to offer banking services to 14mln Cambodians.
Bank of Taiwan eyes opening first Shanghai branch
Lender allowed investing as much as 15% of its net worth in China.
DBS mulls adding hundreds of wealth management staff
Lender wants bigger share of private banking market as 23% quarterly profit rise disappoints.
National Australia Bank profit down 21% to $2bln
But lender positive that business lending spurt can help drive profit up in next 6 months.
KB Financial begins choosing next CEO
Three outside personnel search bodies to shortlist bets for interview May 20 and selection by mid-June.
StanChart India share issue seeking anchor investors
Lenders holding StanChart's IDR started sourcing anchor investors from foreign investors, local banks and mutual funds.
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