Banks (Finance)
The Monetary Policy Committee (MPC) of Thailand has voted unanimously to lower the policy interest rate by 0.25% to 1.50%, effective immediately. This decision comes amid concerns over the fragile economic outlook, particularly the vulnerability of small and medium-sized enterprises (SMEs) in the second half of the year.
Banks (Finance)
The ICICI Bank recently faced significant criticism online for revising its minimum balance requirement for new savings accounts to Rs 50,000, effectively tripling the amount. However, following a wave of protests from customers and widespread media coverage, the bank has now reduced the minimum balance requirement to Rs 15,
Banks (Finance)
Maharashtra, Kerala, Andhra Pradesh, and Tamil Nadu have emerged as top states in the disbursal of education loans by public sector banks (PSBs) over the last three financial years between FY 2022-23 to 2024-25. According to the Reserve Bank of India (RBI) data, PSBs sanctioned a total of Rs 11,
Banks (Finance)
The Arab Banking Corporation B.S.C. (ABC) has maintained its stable position in the financials sector, with its shares trading at USD 0.352 on the Bahrain Bourse as of August 13, 2025. The company's shares did not experience any fluctuations in price throughout the trading day,
Banks (Finance)
The Governor of the Bank of Ghana, Dr Johnson Asiama, has announced a series of regulatory reforms aimed at strengthening governance across the banking sector and ensuring that credit obligations are honored. As part of these reforms, a new Credit Risk Management Directive, aligned with Basel principles, will set minimum
Banks (Finance)
Meezan Bank, the leading Islamic banking institution in Pakistan, has released its half-year financial results for the period ending June 30, 2025. The bank's total assets increased to 4.14 trillion, reflecting a substantial growth of 6.4% compared to the previous year. The bank's investments
Banks (Finance)
The Bank of England's August Monetary Policy Report has revealed that the introduction of the government's extended producer responsibility (EPR) packaging tax is one of the key drivers of rising food inflation in the UK. According to the report, food basket prices are expected to rise
Banks (Finance)
On August 12, 2025, the Saudi Investment Bank, listed on the Saudi Exchange's Main Market with the symbol 1030, reported a new development in its lending activity. The bank has a total issued shares quantity of 1.25 billion, with 814,579 shares lent out. This represents a
Banks (Finance)
Gregor Poynton MP has accused the Scottish National Party (SNP) of risking Scotland's economy and defense sector by refusing to reform the Scottish National Investment Bank's (SNIB) restrictive investment mandate, which is hindering Scotland's access to billions of pounds in defense contracts, thousands of
Banks (Finance)
The Hong Kong Monetary Authority has issued a warning about a new phishing scam that targets banking customers through fake websites and emails. The scam asks customers to provide sensitive information, such as login passwords or one-time passwords, which is a common tactic used by cybercriminals to steal financial information.
Banks (Finance)
MCB Bank Limited has made a significant announcement by declaring a Second Interim Cash Dividend for the year 2025. The board of directors approved a dividend of PKR 9.00 per share during a meeting on August 6, 2025. This development affects eligible shareholders whose names appear on the Register
Banks (Finance)
The non-performing loans (NPLs) ratio of Philippine banks reached a three-month low in June 2025, driven by lower interest rates, according to the Bangko Sentral ng Pilipinas (BSP). The NPL ratio stood at 3.34 percent, the lowest since March 2025 when it was at 3.3 percent. The recent
