Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
India's IndusInd Bank Appoints Rajiv Anand as Managing Director and CEO for Three Years
IndusInd Bank has appointed Rajiv Anand as Managing Director and CEO for a three-year term from 25 August 2025, following regulatory approval from the Reserve Bank of India.
Reserve Bank of India clears SMBC to acquire up to 24.99% of Yes Bank, ruling out promoter classification
The RBI approval, disclosed by Yes Bank, covers the Japanese lender's agreed purchase of a 20% stake from State Bank of India and seven other banks, and remains subject to Competition Commission clearance.
Vietnam Launches First Green Taxonomy Under Decision 21/2025 to Guide ESG Lending and Bond Markets
Vietnam has introduced its first formal green taxonomy via Decision 21/2025/QD-TTg, classifying eligible green investment projects to standardise ESG lending and support its green bond market.
Reserve Bank of New Zealand cuts OCR to 3.00% and signals scope for further easing
The RBNZ lowered the Official Cash Rate by 25 basis points to 3.00% on 20 August 2025 in a 4–2 vote, with two committee members favouring a larger 50 basis point cut.
Australia's Judo Bank Reports FY2025 Net Profit of A$86.4 Million as Loan Book Grows to A$12.5 Billion
Judo Bank reported a 24% rise in statutory net profit after tax to $86.4 million for FY2025, with its SME-focused loan book growing 16% to $12.5 billion.
South Korea's Toss Posts KRW 1.2 Trillion Revenue and KRW 154.6 Billion Operating Profit in H1 2025
South Korean fintech Toss posted H1 2025 revenue of KRW 1.2 trillion, up 35.2% year-on-year, with operating profit of KRW 154.6 billion and net profit of KRW 105.7 billion.
Reserve Bank of Australia Cuts Cash Rate to 3.60% in Third Reduction of 2025 Easing Cycle
The RBA cut its cash rate by 25 basis points to 3.60%, its third reduction of the year, after underlying inflation eased to 2.7%, within its 2–3% target band.
RBI Grants Paytm In-Principle Approval as Online Payment Aggregator
India's central bank has granted Paytm's Payment Services unit in-principle approval to operate as an online payment aggregator.
Taiwan FSC Fines Cathay United Bank NT$12 Million for Credit Card Internal Control Deficiencies
Taiwan's FSC has imposed a NT$12 million fine on Cathay United Bank for deficiencies in credit card customer information management, card reissuance, and payment systems.
RBI Fines ICICI Bank ₹75 Lakh for Valuation and Current Account Breaches
India's central bank penalised ICICI Bank ₹75 lakh for failing to use independent valuers on mortgage loans and improperly maintaining current accounts.
Bank of Ceylon Appoints Y.A. Jayathilaka as Acting General Manager and CEO Following Russel Fonseka's Departure
Y.A. Jayathilaka has been named Acting General Manager and CEO of Bank of Ceylon after Russel Fonseka's service contract ended, taking the helm at Sri Lanka's largest state-owned commercial bank.
IFC Commits USD 150 Million to HDFC Capital's H-DREAM Green Affordable Housing Fund in India
The IFC has anchored HDFC Capital's USD 1 billion H-DREAM Fund with a USD 150 million commitment, targeting at least 25,000 green affordable homes across urban India.