New Delhi / Bloomberg State Bank of India, the country’s largest lender by assets, climbed to an eight-month high in Mumbai stock trading as the firm reported a smaller increase in soured debt than expected in the first quarter. Bad loans as a percentage of total lending rose 44 basis points since March to 6.94 percent by June, the ...

  Singapore / Bloomberg The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd. lost S$3.6 billion ($2.7 billion) in market value in seven days from July 28 when its client Swiber Holdings Ltd. signaled it was in financial trouble. DBS’s two smaller ...

  Bloomberg Kenyan lawmakers are threatening to overrule President Uhuru Kenyatta if needed to force the country’s banks to lower their lending rates. The country’s parliament on July 28 approved a bill that will limit the amount of interest banks can charge on loans, with the proposal only needing Kenyatta’s signature to become law. The proposals jolted lenders into signing ...