Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Mynt shares rose on record Philippine GCash IPO market debut
Mynt shares rose as much as 2.4% on their Philippine debut after the GCash owner completed a record initial public offering that raised 60.9 billion pesos.
PBOC governor proposes overnight repo rate as main policy rate at Financial Street Forum
Pan Gongsheng proposed studying a switch of the main open market operation tenor from seven days to overnight, a move that would retire the deposit and lending benchmark rates.
Taiwan central bank intervenes as NT dollar closes at 32.445 after hitting 32.572 low
The NT dollar fell 1.07 jiao to 32.445 per US dollar on 19 October after intervention, and the central bank said it will act on market supply and demand to keep the currency stable.
ICICI Bank's second-quarter profit rises 20.1% to Rs 14,843.03 crore as margin narrows
Standalone net profit rose 20.1% to Rs 14,843.03 crore for the September quarter, while net interest margin fell to 4.18% from 4.36% in the previous quarter.
RBI injects ₹1 trillion in first liquidity infusion in over three months as rates climb
The Reserve Bank of India drew bids of more than ₹1.5 trillion at its seven-day repo auction on 19 October, as banks sought cash ahead of large tax payments.
Hunan trials national transition finance standards across five industries
Hunan has issued provincial trial standards for four industries and recorded first-of-their-kind transition finance deals in agriculture, coal power and steel since the start of 2026.
HDFC Bank's incoming CEO Anup Bagchi says merger integration is largely complete
Anup Bagchi, who takes over as managing director and CEO on 27 October from Sashidhar Jagdishan, says most HDFC Ltd integration work is done, though balance sheet changes continue.
HDFC Bank deputy managing director Kaizad Bharucha seeks to leave on 31 December
Kaizad Bharucha, seen as a strong contender for the top job, has asked to step down effective 31 December 2026, after HDFC Bank appointed ICICI Bank veteran Anup Bagchi as MD and CEO.
HDFC Bank reports 5.2% rise in second-quarter profit to Rs 19,610 crore, missing estimates
India's largest private lender saw net profit rise 5.2% year-on-year to Rs 19,610 crore, while net interest income of Rs 34,619 crore fell short of the analysts' estimate of Rs 34,991.51 crore.
Vietnam orders banks to cut deposit rates by at least 0.5 points and bans rate competition
The State Bank of Vietnam wants deposit rates cut by at least 0.5% a year for terms of six months or more, and lending rates cut by 1.5 to 2 percentage points.
PBOC signals single benchmark rate as overnight reverse repo injection hits 600 billion yuan
The People's Bank of China injected 600 billion yuan through overnight reverse repos, double its debut operation on Monday, while signalling a move toward a single interest rate benchmark.
APRA and RBNZ find banks resilient in first joint stress test since 2017
The 2026 Trans-Tasman Stress Test found both banking systems would stay resilient through a severe downturn in both economies, while banks kept lending despite substantial losses.