12/21/2021
As part of CitigAxis Bank has reportedly emerged as the frontrunner to acquire the retail and credit card assets of Citi India, outbidding Kotak Mahindra Bank and IndusInd Bank. Earlier, Kotak Mahindra, Axis Bank and IndusInd Bank had made binding offers
12/14/2021
ANZ today welcomed the Federal Government’s extension of the expanded Small to Medium Enterprise Recovery Loan Scheme.
12/08/2021
Welab Sky has already completed a strategic investment for a 24 percent stake in BJJ.
12/08/2021
For its China consumer banking assets, Taiwan’s Fubon Financial Holding is the buyer of choice in a deal that could raise about $100 to $200 million.
12/07/2021
Compared to Axis Bank, Kotak is more keen on bagging the Citi business. Kotak’s retail book is a little less than Rs 1 lakh crore, while that of Citi is nearly Rs 68,000 crore, of which retail loans account for Rs 28,000 crore.
11/30/2021
The recovery in performance was driven by higher operating income, strong cost containment and significantly lower provisions, with improvements seen across all segments and markets.
11/25/2021
"Credit cards continue to be an important product for consumers, despite increasing use of other unsecured lending products such as Buy Now, Pay Later,"
11/09/2021
The city’s top officials announced a continued focus on maintaining its zero-Covid policy while prioritizing border opening with mainland China.
11/03/2021
OCBC’s posted a robust profit increase in the third quarter, which was fueled by a significant reduction in allowances.
11/01/2021
During 2H21 there was an $18 million reduction to net wealth management and insurance income for additional provisions for aligned dealer group advice remediation.
10/29/2021
Commonwealth Bank announces new strategic partnership to offer consumers and businesses new online choices in the $29 billion Australian prepaid card industry.
10/29/2021
Australia Retail & Commercial grew lending and customer deposits during the year and delivered good margin performance across the division.
10/25/2021
"We will keep a close watch on this issue in terms of protecting financial consumers and maintaining financial order,"
10/21/2021
Under Chief Executive Officer Jane Fraser, the bank is exiting 13 markets across Asia and Europe, the Middle East and Africa. Its Australia business was sold to National Australia Bank Ltd. in August.
10/15/2021
Since 2019, J.P. Morgan has sought to expand outside of North America with a focus on mid-sized firms in 19 countries.
10/05/2021
The bank has a strong and competitive market position and has established many partnerships with leading foreign banks where it has gained a strong reputation of a reliable partner.
10/01/2021
SCB will "no longer be a bank in the original sense of the word, instead transforming into a financial technology group with a stronger banking business as part of the group," says a statement.
09/27/2021
Personalised cashback programs benefit both individuals and businesses, according to CBA.
09/21/2021
New stadium partnership and small business funding to help drive recovery in one of the nation’s key engine rooms.
09/03/2021
Development bank established by BRICS welcomes the admission of UAE, Uruguay and Bangladesh as new members