Bloomberg Siam Commercial Bank Pcl expects digital lending to retail customers to climb almost eight-fold this year as Thailand’s biggest lender accelerates its online drive to win business. Credit card and personal loans via the bank’s mobile phone application will rise to at least 18 billion baht ($582 million) this year from about 2.3 billion baht in 2018, said Co-President ...

Bloomberg Axis Bank Ltd has picked banks including Citigroup Inc and JPMorgan Chase & Co to arrange a planned share sale of at least $1.3 billion, according to people with knowledge of the matter. The bank has also selected Credit Suisse Group AG, BNP Paribas SA, HSBC Holdings Plc, UBS Group AG and Axis Capital Ltd for the proposed offering, ...

Bloomberg Beleaguered Indian shadow lender Dewan Housing Finance Corp (DHFL) posted its first quarterly loss in more than a decade, missed interest payments and cast doubt on its ability to continue as a going concern. DHFL posted a loss of 22.23 billion rupees ($324 million) for the quarter ended in March compared with 1.34 billion rupees in net income a ...