News

RBS Vietnam became the second of six markets to transition to ANZ ownership after the acquisition of RBS Philippines.

Indian government ensures its support provided that public sector banks would meet regulators' guidelines.

More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.

Finance committee doubts Bank of Taiwan and Land Bank union will create synergy.

The Aaa-rated government is capable of supporting its lenders to become drivers for economic growth.

Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.

ICICI eyes to operate in Singapore after getting clearance to operate in Britain and Canada. 

Australian government set measures to intensify competition among its biggest banks to cut banking charges.

Standard & Poor's affirmed its 'BBB+' long-term and 'A-2' short-term counterparty credit ratings on Dah Sing Bank. The outlook on the long-term rating is negative. S&P also affirmed the issue ratings on the issues under DSB's medium-term note program. All the ratings were removed from CreditWatch, where they had been placed with negative implications on 24 July 2009. At the same time, it affirmed the 'C+' bank fundamental strength rating on DSB.

Regulator gave in to bankers' appeal for easier dispensation that reduces pressure on banks.

Surge in profit was due to 15 percent growth in loans and 24 percent surge in fee-based income.

Standard & Poor's counterparty credit ratings on DBS Bank Ltd were not affected by the bank's credit exposure to Dubai.

Additional 23 branches will give State Bank of India the distinction as Indian bank with largest foreign presence.

Sources say central bank would sell its 48 percent stake as Thai government loosens foreign investments restrictions.

IDBI Bank believes the union would increase likelihood of expanding presence in three states.

Lack of details and inconsistencies in data caused regulator's disapproval.