Axiata, RHB Bank to jointly bid for digital bank licence


RHB Bank HQ

SINGAPORE: Malaysian telecoms firm Axiata Group Bhd has teamed up with RHB Bank Bhd to apply for a digital bank licence, two sources familiar with the matter told Reuters.

The sources declined to be identified as they were not authorised to speak to the media. Malaysia’s central bank has called for digital bank applications by June 30 and said it may issue up to five licences for online-only banks.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

RHB Bank , Axiata , digital banking , licence ,

   

Next In Business News

Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years
RM11 MAHB privatisation offer provides immediate gains for investors - CIMB
Oil prices edge higher after Russia-Ukraine tensions escalate
Malaysia-Brazil partnership instrumental to Yinson's success
Ringgit advances as domestic optimism offsets US rate concerns
Foreign investors record RM259.8mil weekly net outflow from Bursa Malaysia
Bursa Malaysia stays firmly below 1,600 amid weak regional sentiment
Trading ideas: MAHB, Sime Darby, Pantech, Barakah, Meta Bright, Mudajaya, Citaglobal, Cropmate, Sunsuria
Can money buy happiness? The economic reality of Filipinos says yes
How Trump 2.0 will impact Indonesia’s economy

Others Also Read