Bloomberg China’s central bank refrained from offering reverse-repurchase agreements for the third day in a row, which resulted in a net withdrawal of funds from the financial system. The People’s Bank of China didn’t carry out the open-market operation because it aims to keep liquidity basically stable, and current levels are relatively high, according to a statement posted on ...

  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, ...