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It will create a financial data exchange for financial players in the country.

It will be used to speed up overseas money transfers.

The big four banks will be required to make data available for transactions by February 2020.

They have already clinched more than $2b worth of overseas bonds and loans in 2019. Bloomberg reports that shadow banks in India are looking outside the country in search for earnings amidst lenders that have been hesitating in extending funds.

It lags behind the Philippines and Indonesia.

And PayPal injects $11m in Swedish financial startup Tink.

Housing loans fell to a three-month low at $202.76b.

Exits for the trial period of the service could start in Q3 2018.

The scheme is an attempt to help stabilise home prices. Korean second-tier banks will be subject to more stringent mortgage rules called Debt Service Ratio (DSR) by June, reports Yonhap. The move is an attempt from authorities to dent the growth of household debt and stabilise home prices.

The land of GoPay and OVO is no man’s land for banks.

A number of branches by Taiwan Business Bank will close an hour-and-a-half minutes earlier.

The sector’s return on assets hit 0.4% in H1 2018, below 1.2% in the US and over 0.8% in Australia. This chart from Moody’s Investors Service shows that although the average return on assets (ROA) of rated Japanese banks rose to around 0.4% in the first six months of 2018, the sector’s profitability remained far below that of banks in most other G7 countries such as the United States, Australia, Canada and the UK. Also read: Japanese banks hit by lower net interest income as loan demand dwindles

And UniCredit eyes to sell $5.6b worth of bad loans.

Year-end interest income rose 15.6% amidst sustained credit recovery.

It cited lack of innovation and concerns over governance and financing.

RWAs could increase by 25% by 2022 and 80% by 2027.