Banks (Finance)
Despite a muted market with the Sensex down 100 points and the Nifty flat at 25,700, several individual stocks are witnessing significant traction in response to quarterly earnings and monthly sales updates. Among the notable movers are Shriram Finance, Maruti Suzuki, Bank of Baroda, and Urban Company, each of
Banks (Finance)
Preliminary estimates from the auto industry suggest that around 4.7 lakh cars were sold in October, marking a 17 percent increase compared to October 2024. This surge is largely attributed to the reduction in GST rates. With banks slashing loan rates, borrowers should compare interest, tenure, and charges before
Banks (Finance)
In a highly competitive move, Britain's six biggest banks have significantly reduced their mortgage rates in the past fortnight, citing the steady inflation data and a fall in swap rates. This development comes as the Bank of England's monetary policy committee is expected to cut interest
Banks (Finance)
Citi has reiterated its neutral rating on Shell PLC, attributing the company's strong financial position to its robust balance sheet. Shell's third-quarter results surpassed expectations, driven by robust margins in its core upstream division. The bank highlighted that consensus forecasts had already been revised upwards following
Banks (Finance)
GFH Financial Group and Binance have formed a partnership to provide a seamless and secure payment experience to customers in Bahrain. This innovative solution allows GFH customers to use Binance Pay directly within the GFH app to fund their investments in real-time. The new functionality eliminates traditional barriers between digital
Banks (Finance)
The Federal Financial Supervisory Authority (BaFin) is warning consumers about the services offered on the website family-office-management.com, which supposedly provides term deposit investments supposedly provided by FAM Family Office and Asset Management GmbH. BaFin has identified the unknown operators as offering banking business, financial, and investment services without the
Banks (Finance)
The US Federal Reserve's decision to cut interest rates by 25 basis points has sent a clear signal for the Reserve Bank of India (RBI) to follow suit in its upcoming Monetary Policy Committee (MPC) meeting, scheduled for December 3-5, 2025. Analysts believe that the Fed's
Banks (Finance)
A recent inspection report by Bangladesh Bank has accused Standard Bank's Managing Director Md. Habibur Rahman of involvement in a major loan irregularity worth Tk 2,607 crore during his tenure as Additional Managing Director (AMD) at Union Bank. The report reveals that Habibur Rahman directly approved loans
Banks (Finance)
Bangladeshi authorities have taken swift action to combat a major fraud involving National Savings Certificates (NSC). The Bangladesh Financial Intelligence Unit (BFIU) of the Bangladesh Bank (BB) has frozen three bank accounts linked to the scam, which resulted in the embezzlement of Tk 2.5 million. The fraudsters exploited the
Bank fraud
The Central Bureau of Investigation (CBI) has booked a private firm and its two directors for allegedly cheating Canara Bank of Rs.56.63 crore by diverting loan funds and submitting fabricated documents. The case revolves around R Private Limited, a manufacturer of aluminum products, which allegedly misappropriated funds sanctioned
Banks (Finance)
Bandhan Bank, a leading private lender, saw its post-tax profit decline to ₹112 crore in the second quarter of the current financial year, down from ₹937 crore in the same period last year. The bank's net interest income decreased to ₹2,589 crore from ₹2,934 crore in
Banks (Finance)
The National Bank of Ethiopia's Monetary Policy Committee (MPC) has kept the credit growth cap relatively intact, despite expectations of a full reversal. Instead, the committee has loosened the two-year cap on bank lending growth by six percentage points, increasing it to 24% from 18% just nine months
