All posts tagged "Rural Banks"
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442ChinaChina Escalates Probe into Henan Bank Withdrawal Freezes
Initial investigations have revealed that the online transaction systems of the banks which suspended withdrawals were manipulated.
June 24, 2022 -
344Capital / LiquidityNew Capital Rules May Force Philippine Rural Banks to Close
RBAP president Albert Concha says higher capital requirements proposed by BSP will cause rural bank closures and stunt financial inclusion initiatives.
June 8, 2022 -
741ChinaChina Faces Protests in Henan Over Suspected Rural Bank Scams
Bank customers in Henan province are demanding the return of billions of dollars of deposits after finding they were unable to withdraw their funds.
May 30, 2022 -
445Capital / LiquidityBSP Issues Guidelines on Strengthening Rural Bank Competitiveness
The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.
May 12, 2022 -
531ChinaPBOC, CBIRC Probe Rural Banks Over Service Disruptions
Customers of multiple rural banks complained that banking service disruptions have prevented them from withdrawing their money.
May 9, 2022 -
424Capital / Liquidity
BSP Proposes Higher Capital Requirements for Rural Banks
The BSP says higher capital requirements will enable rural banks to enhance risk management, upgrade resources, and accelerate digital transformation.
April 28, 2022 -
429Capital / LiquidityRBI Eases Capital Raising Restrictions for Rural Coop Banks
Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.
April 25, 2022 -
447Asia-Pacific
BSP 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 -
355Asia-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 -
521China
China: 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
