Overseas news briefs: Indian banks warned on outsourcing, Indonesia seeks project funding, Malaysia-

With the rise in the number of loan default cases, the Reserve Bank of India has warned lenders against outsourcing their credit processing activities to third party entities, reports Press Trust of India. Deputy Governor S S Mundra said "we encourage the banks that whatever is the non-core activity it should be outsourced. Let me tell you credit processing is not a non-core activity. I would say it is most core activity of a banker."
Indonesian lender Bank Mandiri has been approaching some of the biggest banks in China and Japan to seek funding for multi-billion dollar infrastructure projects, reports Reuters. CEO Budi Gunadi Sadikin said Indonesia's biggest bank by assets, and its peer, Bank Negara Indonesia, are in talks with China Development Bank, Industrial and Commercial Bank of China, Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui for financing projects in Indonesia.
The State Bank of Vietnam has permitted Malaysia's Public Bank to buy out its local partner, the Vietnamese moneylender BIDV, from their US$62.6 million joint venture, known as VID Public Bank. The approval by Vietnam's central bank followed an agreement last year in which the Malaysian lender had undertaken to buy all of BIDV's stake in the public bank.