Asian Banks

The wealthy will shield Asian banks from Donald Trump's tariffs; here's how

Trump's proposed 10 per cent to 20 per cent tariff on all foreign-made goods - 60 per cent or higher on products from China - will be more than a bucketful of sand in the wheels of commerce

Indian hostel chains aim for global expansion amid rise of digital nomadism

The Hosteller recently raised $4 million in its Series A funding to expand its base of hostels, marketing, and other general purposes

Asia's factory activity expands in June on solid momentum in global economy

The surveys show how Chinese firms are ramping up production despite weak domestic demand, which Beijing has failed to reverse with a rescue package for an ailing property sector

China's June new home prices rise at slowest pace in five months: Survey

The value of new home sales at China's top 100 real estate companies slid 41.6% in January-June from the same period a year ago

Banks need to support MSMEs, startups in northeast: DoNER min Reddy

MSMEs are the backbone of the economy, and banks should support them and startups in the northeast, Minister of Development for the North Eastern Region G Kishan Reddy said on Friday. Addressing the 'Northeast Banking Conclave' here, Reddy said the northeastern region has unique challenges, which require innovative practical solutions. Stressing that the connectivity and transport infrastructure have improved in the region, he said all state capitals should be connected by Railways by 2024. There has been an increase of 113 per cent in air traffic through 17 airports in the region, including 3 international airports. Speaking at the event, Minister of State for Finance Bhagwat Karad said the Prime Minister has decided to improve the per capita income of the people of the northeastern region. Government schemes for financial inclusion are doing well and there is an increase in credit growth by 85 per cent. He asked bankers to improve banking infrastructure in the region and also o

Bank of Japan's new chief keeps ultra-low rates, embarks on policy review

Revamps guidance, removes pledge to keep rates at low levels; quarterly report projects inflation to hit 1.6% in fiscal 2025

Asian banks lure investors with safety amid US-led banking turmoil

Economists say one factor working in favour of Asia-Pacific is generally softer pivot in monetary policy, with central banks in Australia, S Korea, Indonesia and India pausing their tightening cycles

S&P to include hacking risks in credit rating of Asia-Pacific banks

Negative ratings momentum could result in jurisdictions where the entire industry suffers serious data breaches repeatedly, or where regulators are particularly lax, the agency said

Dwindling foreign exchange reserves spells risk for EM currencies

Thailand saw the biggest drop in reserves as a percentage of the gross domestic product, followed by Malaysia and India, according to data compiled by Bloomberg

Asia's central banks forced to play catch-up in global rush to raise rates

Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies

HDFC Bank sees profits more than doubling to $15 bn in 5 years after merger

CEO Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double balance sheet every five years

Asian banks 'falling short' on decarbonisation efforts, new study finds

Banks in Asia are "falling short" when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their nations, a new study says

Asian banks' trials with 'tokenised securities' stuck in silos: ASIFMA

Asian financial regulators should do more to support large-scale trials of "tokenised securities", an industry body said

Unchanged landscape

More than two years after two Asian multilateral banks were set up for green financing, there's little change in the way such projects are financed