Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Kazakhstan's Altyn Bank looks to Hong Kong as offshore renminbi gateway
Altyn Bank, a Kazakhstan commercial lender backed by China Citic Bank, sought collaboration with Hong Kong financial institutions to develop offshore renminbi financing channels for Kazakhstan.
Kasikornbank warns Mideast war will weigh on its asset quality
Kasikornbank said the ongoing Middle East war would weigh more heavily on its asset quality in the second half of the year and that it would provide targeted support and relief measures for affected customers.
Indian banks raise FCNR(B) deposit rates with peak offers near seven percent
Indian banks raised interest rates on FCNR(B) foreign currency non-resident deposits, with peak offers touching about 7 percent as lenders sought to boost inflows from non-resident depositors.
Canara Bank raises MCLR on short tenures as liquidity tightens in India
Canara Bank raised its marginal cost of funds based lending rate for overnight to six month tenures by 5 basis points with effect from 12 June, amid tight liquidity conditions, while leaving longer-tenure MCLR unchanged.
Indian banks likely to see further declines in bad loans despite economic headwinds, S&P says
S&P Global Market Intelligence expects asset quality at major Indian lenders to keep improving despite the Middle East war and weak rainfall, though net interest margins narrowed in the January-March quarter.
Karur Vysya Bank raises US dollar FCNR(B) deposit rate to 7 percent
Karur Vysya Bank hiked its FCNR(B) US dollar deposit rate for 3 to 5 year maturities to 7 percent per annum, up from 2.63 percent, an increase of 437 basis points.
CIMB and China CITIC Bank sign LOI to strengthen China ASEAN banking links
CIMB and China CITIC Bank signed a Letter of Intent to enhance financial connectivity between China and ASEAN, focusing on Malaysia and Indonesia to support trade, cross-border financing and investment flows.
Yes Bank raises FCNR(B) deposit rates to draw non-resident funds in India
Yes Bank offered 7% on three-year FCNR(B) deposits, 7.05% on four-year deposits and 7.10% on five-year deposits to attract non-resident inflows, according to a Bloomberg report.
Goldman Sachs chief of staff opposed Solomon's backing of Kathy Ruemmler, FT reports
Russell Horwitz, whose exit as chief of staff was announced in May, objected to David Solomon's stance on the legal chief whose Epstein ties prompted her resignation, the FT said.
Bank of India sets up specialised Mumbai branch for partnership-led lending
Bank of India set up a specialised branch at Nariman Point in Mumbai to handle pool buyouts, co-lending, TReDS and supply chain finance as part of its partnership-led lending push.
Study finds half of KBW Bank Index CEOs are older than 65
A Truist Securities study found that half of the chief executives of banks in the KBW Bank Index were older than 65, a marked shift from two decades earlier when fewer than 20 percent reached that age.
Bombay High Court rejects Lilavati Trust plea to restrain HDFC Bank
The Bombay High Court rejected the Lilavati Trust's interim plea to restrain HDFC Bank from making statements about it, finding the bank's statements factually accurate and awarding Rs 5 lakh costs to the bank.