News

Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.

Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.

Cost-cutting scheme of two banks has been proven effective in reducing bad loans.

Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.

Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.

Maybank limits its collaboration with Bank Asya on trading and products but not in buying stakes.

Mandiri still managed to enjoy 0.29 percent increase in NPL ratio despite having $313-million non-performing loans.

Skyrocketing lending margins push banks to get closer with their customers through rebranding.

Reserve Bank of India's Q2 review prompts two India banks to defer 8 percent promo loans.

HSBC wants to capitalise on the growth of investments in China, India and Malaysia.

What you do on your own time is, well, apparently the bank's business these days, with DBS Bank publicly rebuking an employee for being elected president of woman's advocacy group AWARE and calling for less focus on lesbian issues.

According to Reuters, Woori Finance is currently 73 percent owned by the South Korean government.

LIC has set up a team looking into Islamic products. However, a Reserve Bank of India study has recently concluded that Islamic banking may not be feasible in the current regulatory framework in the country.

According to Top News, The move is a clear indication of increased optimism among executives, who are looking at terminating the business.

Hang Seng’s strong capital position prompts HSBC to woo investors to take part in the former’s growth potential.     Body:  HSBC Bank Malaysia Berhad has introduced the 4-Year MYR Equity Linked (Hang Seng Bank Ltd) Structured Investment which provides customers the opportunity to invest in the potential growth of Hang Seng Bank Ltd, according to a report in the Bernama. A member of the HSBC Group, Hang Seng Bank was awarded the Best Retail Bank in Hong Kong by The Asian Banker. Hang Seng Bank's capital position remains strong with a Tier 1 ratio of 13.1 per cent (relative to the industry ratio of 8 per cent) and capital adequacy ratio of 16.6 per cent. As of June 2009, its mainland business contributed 11.7 per cent to Hang Seng Bank's pre-tax profit, a 2.3 per cent increase from first-half of 2008. HSBC said the investment is available from Oct 1 to Oct 15, 2009 and a minimum investment amount of RM250,000 is required to be placed as principal for a four-year tenure.

Chanda Kochhar, managing director and chief executive officer, said at the sidelines of a seminar on micro, small and medium enterprises (MSME):  “A lot of activities have come back in terms of re-starting projects. The fact that the projects are coming to financial closure indicates the sector will grow,” as reported in the Business Standard.