Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Reserve Bank of Australia flags inflation risks before September decision
Reserve Bank Governor Michele Bullock said inflation risks may be materialising, with the cash rate at 4.35% and core inflation still above the 2%–3% target.
Moneyview sets ₹32–₹34 price band for ₹10.92 billion India IPO
Moneyview set a ₹32–₹34 price band for its ₹10.92 billion India IPO, opening 24 September and implying a valuation of nearly ₹59.85 billion at the top end.
Reserve Bank of India draws $143.6 billion through concessional currency swaps
The Reserve Bank of India reported $143.596 billion of foreign-currency inflows under concessional swap facilities by 18 September, led by $132.98 billion of FCNR(B) deposits.
Apple Pay could reach India in October, according to separate reports
Apple Pay could enter India in October, according to Reuters and a report citing Bloomberg’s Mark Gurman, although the launch and initial payment options remain unconfirmed.
Hong Kong considers bank climate disclosures ahead of 2027 taxonomy survey
Hong Kong’s monetary authority is considering further bank climate-finance disclosures, with a survey planned for 2027 to assess how lenders use its sustainable finance taxonomy before any supervisory changes.
Jefferies-linked fund alleges Radiant World may hold just $10,000 in cash
A Jefferies-linked trade-finance fund alleged in court submissions that Radiant World may have held only $10,000 in cash despite audited accounts showing more than $200 million.
SEBI bars India’s Kore Digital from fundraising over alleged financial misstatements
India’s securities regulator barred Kore Digital from raising public funds and blocked its mainboard migration while ordering a forensic audit into alleged revenue and financial-statement irregularities.
RBA governor says Australia’s inflation risks appear to be materialising
Governor Michele Bullock said upside inflation risks appeared to be materialising as oil and AI-related prices rose, leaving the RBA to judge whether tightening to a 4.35% cash rate was enough to return inflation to target.
NSE’s $2.3 billion IPO reaches full subscription on second day
India’s National Stock Exchange drew bids above the 88.6 million shares offered on the IPO’s second day, with the entirely secondary sale expected to raise about $2.3 billion.
OCBC signs new ten-year cooperation agreement with China’s Bank of Ningbo
OCBC and Bank of Ningbo signed a ten-year agreement covering wholesale banking and wealth management, while continuing a US$5 million training grant under the renewed partnership.
India’s Supreme Court orders RBI to enforce vehicle repossession safeguards
India’s Supreme Court directed the RBI to secure compliance with recovery safeguards after an unlawful vehicle seizure, ordering ₹10 lakh compensation and a ₹4.50 lakh refund with 6% interest.
Bank of Japan raises policy rate to 1.25% in split vote
Bank of Japan raised its overnight call-rate target to around 1.25% by a 7–2 vote, with the change effective from 24 September 2026 for monetary operations.