Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Thailand's SCB X tempers growth ambitions for Gen 2 loan businesses
SCB X said it would maintain single-digit loan growth for its Gen 2 businesses as part of a cautious strategy, despite those units' strong growth potential, the Bangkok Post reported.
Grab-backed GXS Bank takes 7.22% stake in Indonesia's Superbank as Grab moves to consolidate lender
GXS Bank bought 2.44 billion Superbank shares and Grab affiliate A5-DB Holdings added 47.23 million more, taking Grab's combined exposure to 23.5% as it prepares to consolidate the Indonesian digital lender.
India's 121 Finance disburses ₹10 crore through GeM Sahay to MSMEs
121 Finance disbursed ₹10 crore via the GeM Sahay scheme, delivering over 2,600 loans to more than 400 MSMEs across 173 cities and 27 states, the company said.
Bank of Korea holds base rate at 2.50% as two board members vote for a hike
In Governor Shin Hyun-song's first meeting, the Bank of Korea kept its rate at 2.50% for an eighth straight session, while two members backed a rise to 2.75% and forecasts for growth and inflation were raised.
RBNZ Holds OCR at 2.25% by Governor's Casting Vote After 3-3 Split
The Reserve Bank of New Zealand held the OCR at 2.25% by casting vote as the MPC split 3-3 on whether to raise rates, signalling hikes ahead.
Bank Indonesia Raises BI-Rate by 50 bp to 5.25% to Strengthen Stability
Bank Indonesia raised the BI-Rate by 50 basis points to 5.25% on Wednesday, alongside similar moves to its deposit and lending facility rates.
Grab to Consolidate Indonesia's Superbank Into Financial Services Segment After Singtel Stake Transfer
Grab will fully consolidate Indonesian digital bank Superbank after Singtel Alpha Investments transfers its stake to GXS Bank, lifting Grab's shareholding above 50%.
Rakuten Bank to Acquire Rakuten Card and Securities as Mizuho Set to Become Major Shareholder
Rakuten Bank will take over Rakuten Card and Rakuten Securities Holdings via share issuance, making Mizuho Bank a major shareholder of the digital bank.
Standard Chartered sets out growth plan targeting RoTE of about 18% in 2030
At its investor event the bank set a return on tangible equity above 15% in 2028, high-teens EPS growth, a cost-to-income ratio near 57% and a cut of more than 15% in corporate functions roles by 2030.
National Australia Bank Acquires Open Banking Fintech Banked
NAB has acquired Pay by Bank platform Banked, converting a minority stake built through NAB Ventures into full ownership.
Reserve Bank of India Imposes INR 31.80 Lakh Penalty on YES Bank Over KYC Failures
The RBI fined YES Bank INR 31.80 lakh for failing to use the Central KYC Records Registry identifier for account-based customer relationships.
Reserve Bank of Australia Raises Cash Rate 25 Basis Points to 4.35 Per Cent in May
The RBA lifted the cash rate target by 25 bp to 4.35% effective 6 May 2026, saying inflation was likely to remain above target for some time.