China set for fewer World Bank loans in US fundraising deal
Jim Yong Kim, president of the World Bank Group, reached a deal with Steven Mnuchin, US Treasury secretary © Bloomberg The World Bank is set to change its lending model so that China will receive fewer loans More...
Hong Kong central bank unmoved as currency hits 33-year low
HONG KONG (Reuters) – The Hong Kong Monetary Authority said on Thursday it had no immediate plans to issue bills to prop up the local dollar until it hit the limits of its trading band but warned that it had More...
Rotomac Bank Fraud: Income Tax Department Attaches 11 Bank Accounts
The CBI had registered a case against Rotomac company, its Director Vikram Kothari, his wife and son. NEW DELHI: After the CBI and the ED, the Income Tax Department has stepped up action against the Rotomac More...
Punjab National Bank Q2 Profit Beats Estimates, Shares Surge
State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s More...
How Paytm Payment Bank, Airtel Payment Bank are different from normal banks
Digitalization has taken the center stage now more than ever. Banking and all other kind of financial services has made its presence in the digital space and it’s growing every day; and the introduction of More...
Punjab National Bank Q2 Profit Beats Estimates, Shares Surge
State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s More...
State Bank of India reduces lending rates on home and vehicle loans
India’s largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps). In a statement issued in Mumbai, the bank said it has More...
Rs 2.11-lakh cr bank recap may make fiscal deficit target hard to achieve: Fitch
The massive Rs 2.11 lakh crore capital infusion in public sector banks may make the 3.2% fiscal deficit target for 2017-18 difficult to achieve if two-thirds of the planned recapitalisation bonds are issued by More...
RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the More...
HSBC app will show all your bank accounts in one place
App will give banking customers a ‘joined-up view of their finances’. Photograph: Andrew Matthews/PA Banking customers will soon be able to see all their accounts from different providers in one place, making More...