News

The lender is to set up five fully automated branches in Tamil Nadu to address the growing need for electronic banking.

An additional 1% surcharge would also be imposed if a bank becomes significantly bigger, according to Reuters.

AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.

The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.

RHB Capital Bhd may revisit a potential merger with AMMB Holdings Bhd after failed deals with CIMB and Maybank.

Maybank pulled out of negotiations for the purchase of RHB Capital because of the prohibitive price.

PGBank raised its total deposits in 2010 to 13.995 trillion dong, based on its recently released 2010 annual reports.

FSC withdraws proposal to legally ease bank ownership regulations, signaling death of Woori’s stake sale.

Move in response to customers who like to see their deposit rates surge in line with actions taken by the Taiwanese central bank.

Moody’s says GDP growth of 5% - 6% will help support the banking sector’s sustainability in earnings.

CRBC says the total assets of foreign banks in China increased to RMB 1.74 tn at the end of 2010.

OceanBank pledged to provide financial and banking services to Vinalines including lending for purchasing ships, advising card services, and others.

BDO emerged as the second bidder of PBCom after ISM Communications.

Kelly defied property experts’ forecasts by saying that although mortgage arrears have increased Australia’s economy will keep the housing market intact.

The British bank is among the suitors which aims to capitalise surging demand for Islamic banking business in Indonesia.

The lender plans to establish four more points this year bring itself closer to clients at the heart of export and import activities.