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Improved profits also boosted capital adequacy.

Facial recognition tech might be useful to combat money laundering attempts.

Bank of Baroda and Canara Bank may absorb smaller lenders.

MUFG is establishing a Riyadh subsidiary by October.

Lenders have been turning to negotiable certificates of deposit to offset interbank borrowing.

There is an estimated 1% impact to FY18 earnings.

The power vacuum adds to a growing list of woes plaguing the sector.

There was an uptick in mortgage loans overdue for more than 90 days.

The country’s financial resilience is also frail due to low-income levels.

Lenders may soon shun less stable short-term funding sources amidst clearer guidelines.

Three of the country’s Big 4 lenders are already live on the payments initiative.

And here’s why the British government sold 7.7% stake in Royal Bank of Scotland. From Reuters: Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country. Flagstar Bancorp Inc would acquire 52 Wells Fargo branches in Indiana, Michigan, Ohio and Wisconsin for an undisclosed amount.

Industry loan growth clocked in at 4.8% YoY in April.

Lenders are running out of options to combat the ultra-low interest rate environment.

The government-encouraged pivot comes at a risk of low returns for the lenders.

Credit costs rose from 2.5% to 4.3% of loans on average at state banks.