South Asia

DK Bank in Gelephu Mindfulness City will commence trading of the gold tokens on December 17. A second phase will see a listing of the tokens, which are backed by Bhutan's reserves, on more exchanges and venues for secondary trading.

Read on to find out the winners of the Deal Awards - Asia Pacific.

Read on to find out the winners of FAAA's House Awards - Asia Pacific.

Banks and payment giants at the Singapore FinTech Festival warned about deepfakes, cyberattacks, and AI-driven fraud even as they push aggressively into agentic AI and design their firms around AI-native operating models. With risks rising, leaders said 2026 will force a balance between ambition and safeguards.

Blackstone has bought 9.9% of India’s Federal Bank and a stake in India’s Ace Insurance Brokers.

After a deluge of defaults, a new state-owned bank called United Islamic Bank is set to emerge out of the five banks, with the plan to privatise them over time.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.

The $1.3bn raise from the electronics giant and $1.75bn IPO from Tata Group's financial services arm attracted strong demand from institutional investors. Citi is seeing its largest Indian IPO pipeline on record.

Rich Chun is appointed managing director, head of Asia at Tradeweb, effective immediately; he joins from HPS Investment Partners.