News

Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.

Addition of Maybankard MasterCard Platinum Debit increases chances of hitting 500,000 new cardholders target.

Minsheng shares dipped 3 percent during IPO as Beijing reportedly pressured banks to increase capital adequacy ratio.

China would be next in Asia Pacific after ANZ had established foothold in Indonesia and Vietnam.

Sources say country's top banks submitted plans of replenishing capital after they have lent $688 billion.

RBS in the Philippines became the first of six markets to transition to ANZ ownership. ANZ is acquiring the Royal Bank of Scotland retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam for approximately US$550 million.

The goal of privatising Woori pushed KDIC to a $751.4 million stake sale on Tuesday.

Source says CBRC told country’s top banks to increase capital adequacy ratios by 2 percent from average.

A source says policies on foreign investments rule out possibility of China Minsheng’s UCB takeover.

Dissolving JV with Vijaya Bank and Principal Group would enable Punjab National Bank to become more competitive.

As economy improves, CEOs of other South Korea banks are eyeing to merge with KEB.

Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on the same period in 2008.

State Bank of India's effective strategies have become the key for the bank's dominance in certain sectors.

The Commercial Times reported that Chinese banks want to buy $923-million worth of Taishin stakes.

Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.

South Asia CEO wants to tap share selling that has generated $3.11 billion this year.