The top 3 banks in Singapore saw a 19.2% increase in net revenues, with DBS reporting the highest growth in fee income at 9.5%. Net profit increased by 24.3%, and non-performing loans declined.

Thailand's real GDP growth was 2.5% in 2023, the lowest in Southeast Asia. The Bank of Thailand paused its tightening cycle after raising interest rates for over a year. Inflation turned adverse to -0.3% YoY in October 2023. SCB and Kasikorn Bank saw growth in digital measures of success. The top 5 banks in Thailand saw growth in net revenues and net profits. The government launched the Thailand Digital Wallet Project. Thailand's economic growth is projected to accelerate to 3.2% in 2024.

South Korea's GDP grew by 0.5% in Q4-2023, with the top 5 banks seeing a 5.9% increase in net revenues but a 1.8% decline in net profits. Non-performing loans and cost efficiency also saw changes.

Thailand's top 5 banks saw a decline in GDP growth, interest rates, and deposits, but an increase in net revenue, net profit, and net interest margins in 2023.

India's banking sector in Q4-2023 saw strong credit growth, improved asset quality, and increased net revenues. HDFC Bank had the highest net revenues and net profit growth. NPA and cost efficiency also improved.