SEC Urges Thai Banks to Strengthen Account Verification and Enhance Fraud Prevention Measures
Photo Credit: Chanat Katanyu The Securities and Exchange Commission (SEC) has called on Thai banks to tighten their account opening procedures and implement stricter Know Your Customer (KYC) standards, emphasizing…
Thai Banks Set to Benefit from Declining Interest Rates
As global interest rates continue to decline, analysts suggest that Thai banks are poised to benefit, especially with the Bank of Thailand likely to reduce its policy rate again in…
Thai Banks Report 1.2% Increase in Loan Growth
The Thai banking sector has recorded modest loan growth in the initial four months of the current year, largely influenced by stricter loan standards in the backdrop of a sluggish…
Thai banks to charge 1% for overseas withdrawals
From May 1st, Thai commercial banks will charge their customers a 1% Dynamic Currency Conversion (DCC) fee for making cash withdrawals abroad. A similar fee will also be levied on…