News about banking

According to AIBIM, financial institutions are required to stop imposing fees on housing loan and home financing documents to lawyers from Feb 1 this year as part of the standardisation exercise.

SHAH ALAM (March 4): Property developer Paramount Corp Bhd has finally revealed its digital banking plans which include same-day loan disbursement and banking product embedment with property transactions, as applications for Bank Negara Malaysia's (BNM) five digital banking licences enter their final stage of approval.

Below is the opening keynote address by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz at the Malaysian Banking and Finance Summit 2021 at 9.

KUALA LUMPUR (Sept 29): Eight out of 10 Malaysian banks are trading below their book values.

KUALA LUMPUR (Sept 24): "Entrepreneurship is tough business.

KUALA LUMPUR (April 6): Although the impact of Covid-19 on the economy is significant, banks are entering this laborious period from a position of strength, with more than ample capital and liquidity buffers, according to Hong Leong Investment Bank Bhd Research (HLIB Research).

KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) announced today that it is allowing banking institutions to tap into their capital buffers, and to provide flexibility on several operating guidelines as the nation grapples with the impact of the COVID-19 outbreak.

KUALA LUMPUR (March 17): Bank Negara Malaysia (BNM) assured households and businesses that they will continue to have nationwide access to essential financial services during the government's two-week movement control order, which starts tomorrow.

PUTRAJAYA (Dec 13): PKR vice-president Rafizi Ramli and former bank clerk Johari Mohamad remain free men, as the prosecution today withdrew its appeal against the acquittal of their Banking and Financial Institution Act (BAFIA) charges.

KUALA LUMPUR (Oct 11): Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.