Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
State Bank of India Posts Record FY2025 Net Profit of INR 70,901 Crore, Up 16%
SBI reported a record FY2025 net profit of INR 70,901 crore, up 16.08% year-on-year, as operating profit crossed INR 1 lakh crore for the first time.
RBI Fines Five Indian Banks Including ICICI and Bank of Baroda for Regulatory Breaches
India's RBI imposed penalties totalling over ₹2.5 crore on ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra for cybersecurity, KYC, and conduct failures.
Dubai Islamic Bank Pakistan Appoints Muhammad Ali Gulfaraz as Chief Executive
Dubai Islamic Bank Pakistan named Muhammad Ali Gulfaraz as CEO effective 2 May 2025, bringing over 25 years of corporate and investment banking experience across UK, Europe, and Pakistan.
Bank of Japan Holds Rate at 0.5% for Second Consecutive Meeting Amid US Tariff Risks
The Bank of Japan kept its policy rate at 0.5% in May 2025, pausing its hiking cycle for a second straight meeting as US tariffs clouded Japan's export and growth outlook.
Maybank Appoints Shafiq Abdul Jabbar as Group Chief Financial Officer
Malaysia's largest bank by assets, Maybank, has named Shafiq Abdul Jabbar as Group CFO, effective 7 July 2025.
Bank Rakyat Indonesia Reports Q1 2025 Net Profit Down 13.6% Amid Strategic Micro-Segment Revamp
BRI posted Q1 2025 net profit of IDR 13.80 trillion, down 13.6% year-on-year, as a strategic micro-segment portfolio revamp weighed on returns while NPL ratios improved.
GoTo Financial's GoPay Consumer Loan Book Doubles to $344.8 Million in Q1 2025
GoTo Financial reported a consumer loan book of $344.8 million in Q1 2025, up 108% year-on-year.
Philippine National Bank Appoints Edwin Bautista as President and CEO
Edwin Bautista, former President and CEO of UnionBank, has been named President and CEO of Philippine National Bank effective 29 April 2025.
GoTo Financial Posts Record EBITDA as GoPay Loan Book Doubles in Indonesia
GoTo Financial achieved a record adjusted EBITDA of Rp47 billion in Q1 2025, its second consecutive quarter of positive adjusted EBITDA, as its consumer loan book grew 108% year-on-year.
HKMA Publishes 2024 Annual and Sustainability Reports Covering Green Finance and Climate Resilience
The HKMA released its 2024 Annual and Sustainability Reports on 25 April 2025, detailing progress on green finance, climate resilience and responsible investment in Hong Kong.
KB Financial Group Posts Q1 2025 Net Profit of KRW 1.697 Trillion as ELS Provisioning Drag Fades
KB Financial Group reported Q1 2025 net profit of KRW 1.697 trillion, with ROE at 13.04% and the group cost-to-income ratio hitting a record low of 35.3%.
Axis Bank Reports INR 26,373 Crore Full-Year Profit for FY2025 with Gross NPA at 1.28% and Network at 5,876 Branches
Axis Bank posted FY2025 net profit of INR 26,373 crore, up 6% year-on-year, with gross NPA at 1.28%, NIM at 3.98%, and a network of 5,876 branches.