News

China injects $54b into state banks and insurers: report

China injects $54b into state banks and insurers: report

Three state lenders will receive a combined $43.21b (CNY290b) in capital injections.

Mastercard names Beena Pothen division president for West Southeast Asia

She was previously country manager for Malaysia and Brunei.

Reserve Bank of India names Shri Suman Ray as executive director

Shri Ray previously served as regional director for Maharashtra.

CBA cuts merchant service fee to 0.99%

CBA expects this to help businesses with costs, as card surchaging is set to end in October.

Malaysian bank liquidity holds in July as business loans accelerate to 7.5%

Gross and impaired loan ratios were unchanged during the month.

Chinese banks’ assets rise 6.6% in Q2

Insurance assets’ growth outpaced that of banks during the quarter.

Barclays launches Singapore private bank booking centre

The bank said that it strengthens its ability to service UHNW clients and family offices.

Citi to launch Hong Kong's first virtual card with dynamic CVC

It generates a one-time-use verification code for each transaction.

Hong Leong Bank debuts HLB opus credit card

The card is crafted in ceramic, the Malaysian bank said.

India card payments post five years of growth: GlobalData

Ecommerce expansion is supporting wider adoption of electronic payments in India.

Bank Rakyat Indonesia’s NIM resilient but deposit growth lags

Pegadaian and PNM contributions helped keep NIM resilient, said UOBKH.

Indian banks’ AI adoption stalls at pilot: survey

None are at a data environment that is fully ready to scale, Zeta found.

Hang Seng Bank, BOCHK, Manulife and more convene at ABF IA Summit Hong Kong on 5 November

Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.

Citi processes live Swift blockchain transactions with OCBC and FAB

Citi expects to conduct similar transactions with DBS and UOB later in September.

ANZ invests $21.5m for branch refurbishments across Australia

It has completed four refurbishments and opened a new specialised business centre.

MocaMoca gets SEC confirmation to operate as Philippine lender

The SEC reportedly introduced a stricter compliance framework in 2026.