Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Reserve Bank of India Holds Repo Rate at 5.50% at August 2025 MPC Meeting
The RBI kept its repo rate at 5.50%, pausing its easing cycle to let 100 basis points of front-loaded cuts pass through, while keeping its 6.5% GDP growth projection for FY2026.
Bank Mandiri Appoints Riduan as President Director, Replacing Darmawan Junaidi
Bank Mandiri shareholders named Riduan as its new President Director on 4 August 2025, replacing Darmawan Junaidi, with Henry Panjaitan appointed as Deputy President Director.
Bank of Japan Holds Policy Rate at 0.50% at July 2025 Meeting
The Bank of Japan kept its benchmark policy rate at 0.50% in July 2025, saying it was monitoring global conditions and yen dynamics.
Singapore's Grab reports 41% rise in financial services revenue to $84 million in Q2 2025
Grab's Financial Services segment grew revenue 41% year on year to $84m in the second quarter of 2025 as loans disbursed rose 44% to $721m, though the segment remained loss-making at adjusted EBITDA level.
Monetary Authority of Singapore Holds S$NEER Policy Band Unchanged in July 2025
Singapore's MAS held its exchange-rate policy band steady in July 2025, flagging a slowdown in GDP growth in the second half of the year.
Malaysia's BNM Fines Bank Islam, Bank Rakyat, and BSN Over RM7 Million for System Failures and AML Breaches
Bank Negara Malaysia imposed over RM7m in penalties on Bank Islam, Bank Rakyat, and Bank Simpanan Nasional for prolonged service outages and AML/CFT screening failures.
HKMA Fines Indian Overseas Bank and Bank of Communications HKD 16.2 Million for AML Failures
Hong Kong's HKMA imposed combined penalties of HKD 16.2m on Indian Overseas Bank HK and two Bank of Communications entities for transaction monitoring system failures.
Paytm returns to profit in Q1 FY2026 with net profit of INR 122.5 crore
Paytm parent One97 Communications swung to a net profit of INR 122.5 crore in the April–June 2025 quarter from a loss of INR 838.9 crore a year earlier, as revenue from operations rose 28%.
HKMA reprimands and fines 33 Financial Services HK$1.6 million for AML control failures
The Hong Kong Monetary Authority reprimanded stored value facility licensee 33 Financial Services and fined it HK$1.6m over inadequate anti-money laundering controls between December 2019 and August 2023.
Razorpay Named Among World's Top Fintech Innovators 2025 by CNBC and Statista
Razorpay has been ranked among the world's top fintech innovators for 2025 by CNBC and Statista, processing over $180 billion in annualised payments volume across India.
CIMB Group Triples Sustainable Finance Target to RM 300 Billion by 2030
CIMB Group announced a RM 300 billion sustainable finance target by 2030 in July 2025, tripling the RM 100 billion goal it set for 2021-2024.
OCBC Appoints Tan Teck Long as Group CEO, Succeeding Helen Wong from January 2026
OCBC announced that Tan Teck Long, head of global wholesale banking, will become Group CEO on 1 January 2026, succeeding Helen Wong who retires on 31 December 2025.