Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
DBS and Ant International Sign MOU to Extend QR Payments to 150 Million Merchants Worldwide
DBS Group and Ant International have signed an MOU to let DBS PayLah! users make QR payments at over 150 million merchants in more than 100 markets via Alipay+.
Groww IPO Raises ₹66.3 Billion in India's Largest Fintech Listing of 2025
Indian investment platform Groww raised ₹66.3 billion in its IPO, with shares closing 29% above the issue price, valuing the company at approximately $9 billion.
RBL Bank Shareholders Approve Emirates NBD Deal at Extraordinary General Meeting
RBL Bank shareholders voted at an EGM on 12 November to approve the amalgamation of Emirates NBD's India branch into RBL Bank and authorise a preferential share allotment to the Dubai lender.
ANZ reports first full-year results including Suncorp Bank, with customer migration planned by June 2027
ANZ said it had realised about A$30 million of Suncorp Bank synergies since completion, with most of the targeted A$500 million expected in FY28, as it reported FY25 cash profit of A$5.8 billion.
KakaoBank Achieves Record Nine-Month Profit of KRW 375.1 Billion in 2025 as Deposits Grow 21%
KakaoBank's cumulative nine-month 2025 net profit reached a record KRW 375.1 billion, up 5.5% year-on-year, as deposit balances grew 21% and non-interest income rose 26.7%.
Paytm Posts Second Straight Quarterly Profit in Q2 FY2026 as Revenue Rises 24% and Financial Services Revenue Rises 63%
Paytm posted operating revenue of ₹2,061 crore in Q2 FY2026, up 24% year-on-year, with a PAT of ₹211 crore before a ₹190 crore one-time impairment (reported PAT ₹21 crore).
Reserve Bank of Australia holds cash rate at 3.60% for second consecutive meeting as inflation picks up
The RBA's Monetary Policy Board left the cash rate unchanged after trimmed mean inflation rose to 3.0% over the year to the September quarter, higher than it had expected in August.
Philippines' BSP Proposes Tiered Daily Fines for Payment Operators Over Reporting Non-Compliance
The BSP issued a draft circular proposing daily fines of up to PHP 3,000 for large banks and PHP 1,000 for non-bank payment operators that fail reporting obligations.
ICBC Appoints Duan Hongtao as Executive Director Following NFRA Approval
China's ICBC has added Duan Hongtao to its board of directors after ICBC announced on 30 October 2025 that the National Financial Regulatory Administration had approved his qualification.
Shinhan Bank Publishes Inaugural Transition Bond Framework to Finance South Korea's Hard-to-Abate Sectors
Shinhan Bank has launched a Transition Bond Framework targeting chemicals and heavy industry decarbonisation, backed by an external second-party opinion.
HKMA Cuts Base Rate to 4.25% in Second Reduction of 2025 After Fed Move
The Hong Kong Monetary Authority lowered its Base Rate by 25 basis points to 4.25%, its second cut of 2025, following a rate reduction by the US Federal Reserve.
GoTo Financial Services Revenue Surges 55% Year-on-Year as GoPay Tops 500 Million Monthly Transactions
GoTo reported Q3 2025 financial-services revenue of 1.5 trillion rupiah, up 55% year-on-year, as GoPay passed 500 million transactions in a single month for the first time.