Banks (Finance)
The Bank of Ghana (BoG) has issued a new directive aimed at enhancing Anti-Money Laundering (AML) measures by mandating stricter documentation requirements for importers dealing in foreign currency. As part of these measures, importers must provide comprehensive sets of endorsed documents to support any foreign currency transactions related to their
Banks (Finance)
The city of Bhopal, in the state of Madhya Pradesh, has witnessed a disturbing trend of bank employees collaborating with cybercriminals in various fraud cases. A recent case from a private bank's branch in MP Nagar has brought to light the issue, where a bank manager was found
Banks (Finance)
The recent data from the State Bank of Pakistan (SBP) reveals that no new bank borrowings were recorded in the first 45 days of the current financial year, despite a significant reduction in interest rates. This trend is notable considering that interest rates have halved from 22% last year to
Banks (Finance)
Thailand's six major banks, including Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank), SCB X (the holding company of Siam Commercial Bank), Bank of Ayudhya (Krungsri) and TMBThanachart Bank (ttb), are likely to face rising asset risks over the next several years due to a continued increase in
Banks (Finance)
The Standard Bank of South Africa Limited has issued a notification of interest amounts for various bond codes, as mandated by the JSE Limited Debt and Specialist Securities Listings Requirements. The notification provides details on the interest payments for 30 notes, including the interest rate, total amount, and interest payment
Banks (Finance)
The Central Bureau of Investigation (CBI) conducted raids on two locations in Mumbai, including the residence of industrialist Anil D. Ambani and the corporate offices of Reliance Communication Ltd. (RCOM), over an alleged Rs 2,929.05 crore bank fraud involving the State Bank of India (SBI). The searches stem
Banks (Finance)
FirstRand Bank Limited has successfully listed its new financial instrument, FRS440 unsecured structured notes, on the Johannesburg Stock Exchange. The listing was effective on August 28, 2025, following the approval of the JSE. The new instrument, which is part of FirstRand's note programme dated November 29, 2011, has
Banks (Finance)
The Federal High Court in Abuja has ordered six commercial banks to provide the Inspector-General of Police (IGP) with the details and statements of accounts linked to human rights activist and Sahara Reporters publisher Omoyele Sowore. The order, which was made on Tuesday, covers transactions from January 2024 to date.
Banks (Finance)
In 2025, consumers are increasingly prioritizing cost efficiency and customization in their financial products. This shift has led to the emergence of dynamic interest rate credit cards, which offer rewards for consistent on-time repayments and tailored interest charges based on the user's credit profile. IDFC FIRST Bank'
Banks (Finance)
Tanzania must prioritize mobilizing local capital and building stronger financial pathways for state-owned enterprises (SOEs) to succeed in a competitive global economy, according to Stanbic Bank Tanzania executives. The Chairpersons and CEOs Forum 2025 brought together public and private sectors to discuss SOE reform and competitiveness, highlighting the importance of
Banks (Finance)
The Abu Dhabi Islamic Bank (ADIB) witnessed a substantial trading session on the Abu Dhabi Securities Exchange (ADX) on August 26, 2025. Despite a decrease in its price, the stock fluctuated within a notable range, hitting a high of 21.96 AED and a low of 21.62 AED. This
Banks (Finance)
Catherine Mann, a member of the Bank's Monetary Policy Committee, has urged the UK central bank to maintain interest rates at their current level in order to combat rising inflation. In a speech scheduled to be delivered at the Future of Central Banking conference, Mann emphasized the need
