Bank Negara Enables Faster Online Applications To Obtain Individual CCRIS Reports
Bank Negara Malaysia (BNM) has enabled online applications for individuals who wish to obtain their Central Credit Reference…
BNM Issues Policy Document On e-KYC, Takes Effect Immediately
Bank Negara Malaysia (BNM) has published its policy document on electronic know-your-customer (e-KYC) technology, intended to accelerate and…
Finance Minister: Banks To Decide On Targeted Moratorium Extension
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has commented that banks will have the final say in…
Bank Negara: Significant Increase In Bank Deposits Since The Start Of MCO
Statistics released by Bank Negara Malaysia (BNM) revealed that banks have seen a noticeable rise in money deposits…
Digital Banks Will Spur Financial Innovation, But Impact Limited In Next Three Years
RAM Rating Sdn Bhd (RAM Ratings) has noted in a commentary that although digital banks may spur financial…
FOMCA Urges Banks To Extend Moratorium Until December 2020
The government should consider extending the six-month moratorium offered for bank loan repayments until December 2020, said the…
Malaysian Banks Once Again Revise Base Rates, FD Rates After Third OPR Cut In 2020
(Article updated on 13 May 2020.) Following the third overnight policy rate (OPR) cut by Bank Negara Malaysia…
Fitch Solutions: Bank Negara May Reduce OPR To 1% By The End Of 2020
Fitch Solutions Country Risk & Industry Research has predicted that Malaysia’s overnight policy rate (OPR) will be reduced…
Malaysia Bank Moratorium: Why You Should Opt For The 6-Month Deferment For ALL Loans (Updated)
(Update 6/5/2020 7.30pm: Finance Minister Tengku Dato’ Sri Zafrul Abdul Aziz has announced that hire purchase agreements for both…
Ministry Of Finance Confirms No Interest Accrual On Hire Purchase Loans & Fixed Rate Islamic Financing
In an interesting twist of events, Finance Minister Tengku Dato’ Sri Zafrul Abdul Aziz has announced hugely positive…