News

Philippine National Bank's merger with Allied Banking Corporation has been approved by the Philippine Deposit Insurance Corp. and Bangko Sentral ng Pilipinas.

Features include improved visibility and control of Intercompany loan limits.

With its jump from 57th place in 2011, could Taiwan be the next offshore RMB clearing centre?

Kotak Mahindra Bank expects 50 percent growth on savings bank deposits on the strength of offering high rates of interests.

Philippine National Bank’s net profit grew by 144% to P1.77 billion in the first six months fromthe same period last year.

Nomura Holdings, Inc is reorganizing its global finance unit in Asia outside of Japan as part of a continuing overhaul of Japan’s biggest brokerage.

GE raised about $462 million through sales of its 7.6% stake in Thailand's Bank of Ayudhya to institutional investors for 14.65 billion baht.

The State Bank of Vietnam is now creating regulations on procedures for establishing, changing the names and/or location and ending operation of a banking branch.

New housing loans from five leading banks In Taiwan reached their lowest levels since February.

Corporation Bank will open 300 branches mainly in states like Gujarat, Rajasthan, Bihar, Punjab, Orissa and Jharkhand.

Thanks to its excellent asset quality and high liquidity.

These banks may reduce their dividend payout ratios by five percentage points to 35%.

Barclays will shut three of its nine bank branches in India by end of September to reduce it retail banking operations in the country.

Indonesia’s financial sector will get a $300 million loan from the Asian Development Bank to improve the operations of the local regulator, deepen capital markets and expand non-bank financing.

DBS remains the 'king of savings deposits,' says CIMB.

OCBC's earnings will suffer significantly if bad debts head higher.