All posts tagged "Rural Banks"
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318Asia-PacificBSP Urges Rural Banks to Promote Financial Inclusion Through Tech
As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.
December 8, 2021 -
250Asia-PacificOJK Launches Five Year Roadmap for Rural Bank Development
Indonesia’s OJK has launched a five year development roadmap for the country's rural banks and Sharia rural banks.
December 6, 2021 -
404ChinaChina: More Smaller Lenders Set to Join Digital Yuan Pilot
City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.
August 22, 2021 -
225Capital RegulationPBOC Ratings Results Highlight Drop in High Risk Institutions
The PBOC found rural institutions and village banks to be the riskiest, accounting for a majority of the 442 institutions that are in the 'red zone'.
April 27, 2021 -
360Capital RegulationCBIRC Probes Reveal 19,900 Shareholder Violations at Rural Banks
Over 70 percent of the violations have so far been resolved; 281 institutions were fined a total CNY 150 million; 711 shareholders were fined CNY 20.4 million.
March 23, 2021 -
279Asia-PacificOJK Indonesia Urges Rural Banks to Digitalise Operations
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
February 25, 2021 -
230China
CBIRC Punishes Staff for Violating Personal Investment Rules
The regulator found that 429 individuals engaged in prohibited financial activity involving CNY 160 million and has taken action in 106 cases so far.
February 16, 2021 -
369Capital Regulation
PBOC, CBIRC Approve New Capital Raising Tool for Banks
While small banks face acute funding needs, larger banks and G-SIBs will similarly have to bolster capital to address rising NPLs and incoming regulatory requirements.
January 27, 2021 -
328Capital RegulationCBIRC Directs Rural Banks to Merge, Reorganise to Contain Risks
The CBIRC says rural banks should boost capital, merge with other institutions, or introduce strategic investors to mitigate financial risks.
January 11, 2021 -
962Asia-PacificBSP Cuts Reserve Requirements for Smaller Banks
The move to lower the reserve requirement ratio for thrift, rural and cooperative banks will release an estimated $200mn into the economy.
July 22, 2020
