Bloomberg Indian Bank, a century-old state-owned lender based in the country’s south, has emerged as Asia’s top-performing bank stock in the past year, driven by a focus on consumer loans that are less likely to sour than corporate advances. The Chennai-based firm is aiming to boost retail lending, which includes mortgages and loans underpinned by gold as collateral, to …

  Bloomberg New Zealand central bank (RNBZ) governor Graeme Wheeler will step down when his term ends in September and hand the reins to a deputy until a permanent successor is appointed in 2018. Deputy Governor Grant Spencer will helm the Reserve Bank for six months after Wheeler departs on Sept. 26, Finance Minister Steven Joyce said on Tuesday in Wellington, …

  MILAN / Reuters UniCredit began Italy’s biggest corporate share sale in an attempt to raise 13 billion euros ($14 billion) to rebuild the bank’s capital after a balance sheet clean up. Banks in Italy have been struggling to deal with bad loans left behind by a deep recession, leading to a series of capital raisings and consolidation in the …