Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Vietnam's MB Bank Eyes 30-35% Credit Surge for 2026
Vietnam's Military Commercial Joint Stock Bank (MB) has set 2026 targets including pre-tax profit growth of about 15% and 40 million customers, and aims for 30-35% annual growth in credit and deposits over 2026-2028. With assets over $60 billion, MB aims to keep ROE above 20% in 2026.
India's UCO Bank Hits 19% Loan Surge in Q4 FY26
State-owned UCO Bank reported 19% credit growth to Rs 2.62 lakh crore in Q4 FY26, with deposits up 11% to Rs 3.27 lakh crore, driving total business to Rs 5.89 lakh crore. CASA ratio improved to 38.48%.
Yes Bank Installs Vinay Muralidhar Tonse as MD and CEO for Three-Year Term from April 2026
Vinay Muralidhar Tonse assumed charge as MD and CEO of Yes Bank on 6 April 2026, succeeding Prashant Kumar for a three-year term approved by the Reserve Bank of India.
RBI Approves Emirates NBD's Acquisition of Up to 74% Stake in India's RBL Bank
The Reserve Bank of India has approved Emirates NBD's acquisition of up to 74% of RBL Bank at INR 280 per share, with the preferential issue for about 60% worth approximately $3 billion.
Junichi Hanzawa Takes Over as MUFG President and Group CEO as Kamezawa Becomes Chairman
Junichi Hanzawa takes the helm at Mitsubishi UFJ Financial Group as President and Group CEO, with predecessor Hironori Kamezawa becoming Chairman.
PBOC Sets Stronger Yuan Midpoint at 6.9025 Amid Global Tensions
The People's Bank of China set the USD/CNY reference rate at 6.9025, a sharp 169-pip drop from 6.9194, its strongest fixing since 25 March.
South Korea's Toss Posts FY2025 Revenue of KRW 2.7 Trillion as Net Profit Surges 847%
Viva Republica's Toss platform reports FY2025 revenue of KRW 2.7 trillion, up 38% year-on-year, with net profit rising 847% to KRW 201.8 billion.
Mastercard Advances AI Commerce in Hong Kong with HSBC, DBS Partnership
Mastercard has completed its first live authenticated agentic transaction in Hong Kong, demonstrating how artificial intelligence can streamline payments while maintaining security through tokenized credentials authenticated with Mastercard Payment Passkeys.
Bank Negara Malaysia Imposes RM15.9 Million in Penalties Across 284 Actions in 2025
BNM took 284 supervisory and enforcement actions in 2025 totalling RM15.9 million in fines, down from 326 actions and RM18.9 million in 2024.
Bank of China Posts 2% Net Profit Rise to CNY 243 Billion in 2025
Bank of China Limited's full-year 2025 net income climbed 2.2% to CNY 243.021 billion despite net interest income dipping amid margin pressures. Total assets grew 9.40% from the end of 2024.
PBOC Weakens Yuan Fix to 6.9223 Amid Dollar Strength
China's central bank set the yuan's midpoint at 6.9223 per dollar on Monday, 30 March, weaker than Friday's 6.9141 and the weakest fixing since 2 March.
BOJ Summary Signals Hawkish Stance on Rate Hike Pace
Japan's central bank showed a hawkish tilt in its March meeting summary, debating faster rate hikes amid Middle East tensions driving oil prices higher. Policymakers warned of inflation risks while keeping rates at 0.75%.