Malayan Banking News Today

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KUALA LUMPUR: Bursa Malaysia extended last week’s gains to close higher for the third consecutive session yesterday, with the key index hitting a 52-week high amid an upbeat regional performance.

The Reserve Bank of India is expected to delay cutting interest rates until the final quarter of the year, according to a Bloomberg survey. The RBI may reduce its benchmark repurchase rate by 50 basis points in the October-December period before pausing, due to rising inflation risks and the US Federal Reserve keeping rates steady. Governor Shaktikanta Das has maintained a hold on rates, waiting for inflation to stabilize around the central banks 4% target. Economists predict that Indias growth ...

The RBI may start cutting its benchmark repurchase rate, currently at 6.5%, by a total of 50 basis points in the October-December period before pausing for a few months, the monthly survey shows. In the previous survey, economists had predicted a reduction in July-September quarter.

Strong dollar means Asian central banks likely to delay easing

KUALA LUMPUR: Malayan Banking Bhd (Maybank) is targeting to onboard 20,000 new-to-bank customers by next year with its newly-launched Maybank Goal-Based Investment platform on top of the nine million customers who are already using the bank’s digital platform.

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KUALA LUMPUR: Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation of the root cause leading to the incidents.

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CIMB Group Holdings Bhd has the potential to post higher earnings, improve its return on equity and pay out higher dividends as it enjoys strong loan growth.