Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
India's Reserve Bank holds repo rate at 5.25% for fourth consecutive meeting
The Reserve Bank of India kept its repo rate unchanged at 5.25% and retained a neutral stance in a unanimous decision at the August 2026 Monetary Policy Committee meeting.
India's Mintoak acquires Dubai-headquartered loyalty technology firm ICC Loyalty
Indian bank platform fintech Mintoak has acquired Dubai-headquartered loyalty technology firm ICC Loyalty to expand its footprint across the Middle East, Africa, Eastern Europe and Asia.
Agricultural Bank of China issues CNY 20 billion three-year green financial bond at its lowest-ever green bond coupon of 1.51%
The state-owned lender fully used a CNY 10 billion upsize option and drew 1.6 times cover, with proceeds earmarked for lending to projects in China's 2025 green finance catalogue.
Japan's MUFG reports Q1 FY2026 net profit of ¥809.4 billion, up 48% on higher loan margins
Mitsubishi UFJ Financial Group's first-quarter net profit jumped 48% to ¥809.4 billion as loan margins widened, and it kept its ¥2.7 trillion full-year target.
Blackstone to acquire HSBC's A$36 billion Australian home and personal loan portfolio
Blackstone has agreed to buy HSBC's A$36 billion Australian home and personal loan portfolio as the UK bank exits Australian retail banking and closes all branches.
Japan's Sumitomo Mitsui Financial Group Q1 FY2026 profit jumps 33% on loan demand and rate moves
SMFG's April-June profit climbed 33% year on year as net interest income rose 26% on robust loan demand and higher rates; gross profit reached ¥1,403,446 million.
Japan's Bank of Japan holds policy rate at 1.0% with Takata dissenting for 1.25% hike
The BoJ kept its overnight call rate guideline at around 1.0% by an 8-1 vote, with Takata Hajime proposing a 25 bp hike to around 1.25%.
Indonesia's BCA H1 2026 net profit rises 1.8% to IDR 29.5 trillion as loans cross IDR 1,000 trillion
BCA's first-half consolidated profit edged up to IDR 29.54 trillion as lending grew 8% to IDR 1,036 trillion, led by corporate loans, and non-interest income rose 11%.
Mizuho Q1 profit rises 45.5% to ¥422.9 billion as full-year forecast is raised to ¥1.4 trillion
Mizuho Financial Group's profit attributable to owners of the parent rose 45.5% to ¥422.9 billion in the April–June quarter, and the group raised its full-year forecast to ¥1.4 trillion.
Nomura Q1 net revenue rises 31% to ¥686.7 billion as ROE reaches 15.4%
Nomura Holdings reported net revenue of ¥686.7 billion for the April–June quarter, up 31% year on year, with net income of ¥145.6 billion and return on equity of 15.4%.
Delhi High Court orders winding-up of Paytm Payments Bank following RBI licence cancellation
The Delhi High Court ordered the winding-up of Paytm Payments Bank and appointed Girikumar M. Nair as official liquidator after the RBI cancelled the lender's licence.
South Korea's KB Financial Group reports H1 2026 net profit up 13.1% to KRW 3.88 trillion; ROE at 14.09%
KB Financial Group posted H1 2026 net profit of KRW 3,884.6 billion, up 13.1% year on year, with return on equity at 14.09% and total assets of KRW 866.9 trillion.