Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Philippines' Tonik Digital Bank Raises $12 Million Pre-Series C to Scale Lending
Tonik, the Philippines' first licensed digital-only bank, has raised $12M in a Pre-Series C round led by Diligent Capital Partners to strengthen its capital and scale lending.
RBI Approves Vikram Sahu as CEO of Bank of America India, Succeeding Kaku Nakhate
The Reserve Bank of India has approved Vikram Sahu as CEO of Bank of America N.A.'s India operations, replacing Kaku Nakhate after approximately 15 years in the role.
RBI Imposes ₹91 Lakh Penalty on HDFC Bank for Benchmark, KYC and Outsourcing Violations
India's central bank has fined HDFC Bank ₹91 lakh after a supervisory inspection found violations on interest-rate benchmarks, KYC outsourcing, and subsidiary business conduct.
Reserve Bank of India Replaces Thousands of Legacy Circulars with 244 Consolidated Master Directions
The RBI has replaced thousands of obsolete circulars with 244 Master Directions covering 11 types of regulated entities.
New Zealand sovereign green bond programme reaches NZD 9.72bn in net proceeds
New Zealand Debt Management's 2025 Allocation and Impact Report shows NZD 9.93bn of green bonds on issue at 30 June 2025, with clean transport and green buildings taking the largest allocations.
Bank of Korea Holds Base Rate at 2.50% for Fourth Consecutive Meeting at Year-End
The Bank of Korea kept its policy rate on hold at 2.50% at its final 2025 meeting, a fourth straight hold, and raised its GDP growth forecast for 2026 to 1.8% from 1.6%.
India's Paytm Receives RBI Final Approval to Operate as Payment Aggregator, Ending Three-Year Exclusion
The RBI granted Paytm Payments Services Ltd a Certificate of Authorisation on 26 November 2025, restoring its payment aggregator licence after a three-year regulatory exclusion.
Bank of India Appoints Pramod Kumar Dwibedi as Executive Director Under Government Notification
Pramod Kumar Dwibedi, 57, assumed office as Executive Director of Bank of India on 24 November 2025 following a Central Government appointment notification.
Superbank Indonesia Targets IPO After Q3 2025 Results Show 5 Million Customers
Superbank, backed by Grab, Singtel, and Emtek, is preparing for an Indonesian IPO targeting up to IDR 3.06 trillion after reaching 5 million customers in Q3 2025.
Singapore's Nium Joins Visa Stablecoin Settlement Pilot for Cross-Border USDC Payments
Singapore-based Nium has joined Visa's stablecoin settlement pilot, allowing Nium to meet its settlement obligations with Visa using stablecoins such as Circle's USDC.
Pine Labs Lists on BSE and NSE After ₹3,900 Crore IPO in India's Merchant Commerce Sector
Pine Labs began trading on BSE and NSE on 14 November 2025 after raising ₹3,900 crore in an IPO priced at ₹221 per share, and listed at ₹242, a 9.5% premium to the issue price.
Mizuho Financial Group Raises FY2025 Profit Guidance 10.7% to JPY 1.13 Trillion After First Half
Mizuho Financial Group lifted its FY2025 full-year profit target 10.7% to JPY 1.13 trillion, implying 27.6% YoY growth, after H1 profit rose 21.8% to JPY 689.9 billion on rate hike and fee tailwinds.