Markets
China's shadow banking assets shrinks to $8.42t in Q3
These assets now only account for 62% of the nominal GDP from 68% in 2018.
India may slash benchmark rates by 25bps in February
High unemployment and a subued manufacturing sector will drive rate cuts.
Malaysia's loan growth slows to 3.2% in October
Loan applications slimmed by 1.1% in the same month.
Deteriorating credit conditions to drag on Bangladeshi banks
Systemwide non-performing loan ratio surged 10 11.7% last 30 June.
Bank Indonesia maintains benchmark rate at 5%
The central bank kept its benchmark rate at 5% on the back of lower inflation.
Chart of the Week: APAC non-performing assets to decline further in 2020
This will provide a buffer to declining asset quality of banks in the region.
Weekly Global News Wrap: African central banks may cull interest rates; Zimbabwe to halve main lending rate
And another ex-JP Morgan executive was charged over alleged market manipulation.
India's central bank chief calls for tighter scrutiny of state-run banks
RBI has limited sway over state-owned lenders, who control 60% of the banking sector.
Sri Lankan banks' bearish outlook to extend until end-2019
The country is still reeling from the aftermath of the Easter Sunday attack last April.
How did Japan's banks survive without passing on negative rates?
Despite tight margins, Japanese banks have higher survival chances than European banks.
Central Bank of France to open first Asian office in Singapore
It aims to forge closer relations with APAC central banks and financial authorities.
Rocky road ahead for profits of China's smaller banks
Their reliance on government bonds and lack of structural change are worrisome in the long-term, according to Natixis.
Indonesia's wealth management prospects brighten over affluence growth
Mass affluent individuals are expected to grow to 1.6 million by 2022.
Philippine household lending grew 26.2% in September
This was due to growth of motors, credit card, and salary-based consumption loans.
MAS, Bank Indonesia extend $10b bilateral financial agreement
The deal allows the two banks to access foreign liquidity from each other.
Hong Kong bank profits may take hit amidst protests: report
Asset quality will also weaken, according to analysts.
Commentary
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’