Mandates and payments roundup, March 22

In 2022, UOB agreed to acquire Citi’s Vietnam business as part of a larger deal that also includes Malaysia, Thailand and Indonesia. Meanwhile, the bank’s India consumer business will transfer to domestic lender, Axis Bank.

IDBI Bank diversifies its funding source by tapping the Singapore dollar market, while Axis Bank opts for dollars.

The Australian bank selects Fundtech to power its regional multi-country cash management system.

We look to the outstanding banks in India, with Axis Bank/Axis Capital taking the investment banking categories and HDFC Bank winning the overall Best Bank award.

Tomoyuki Sasai is stepping up to replace Marc Saffon, who becomes Japan country head at the French bank.

The rundown of FinanceAsia's Country Awards winners continues with India, where Axis Bank and Axis Capital, Edelweiss Finance and ICICI Securities were also winners.