Banks (Finance)
The Bank of Cyprus has announced the distribution of an interim dividend of Pound 0.20 per ordinary share, totaling Pound 87 million and representing approximately 40% of the group's adjusted recurring profitability for the six-month period ending June 30, 2025. This payout reflects the bank's
Banks (Finance)
Industrialist Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi, summoned for questioning as part of its money laundering probe into a Rs 3,000 crore bank loan fraud involving companies of the Reliance Anil Dhirubhai Ambani Group. The probe agency is investigating allegations of illegal diversion of
Banks (Finance)
A study conducted by the Indian Institute of Management-Indore reveals that government-owned banks in India use discretionary loan loss provisions (LLPs) for income smoothing, but investors perceive this practice negatively, interpreting it as a sign of poor governance rather than financial prudence. This results in a lower market valuation for
Banks (Finance)
The Standard Bank of South Africa Limited has marked a significant milestone in its financial instrument offerings with the listing of its SBEN56 Equity Index Linked Notes on the Johannesburg Stock Exchange. The notes, sponsored under the bank's Structured Note Programme, are designed to be physically settled through
Banks (Finance)
In a bid to beat the low returns on bank fixed deposits (FDs), many investors are turning to post office schemes, which offer higher returns, tax exemption, and a safe investment option. As of the July-September 2025 quarter, several post office schemes, including the Senior Citizens' Savings Scheme, Sukanya
Banks (Finance)
The UK government has denied a freedom of information request to disclose the fees paid to investment banks for the privatisation of NatWest, citing concerns that it would undermine the commercial interests of the banks involved. The refusal comes amid criticism from a Liberal Democrat MP who argues that taxpayers
Banks (Finance)
Securities Investment Bank, listed under the symbol SIBL on the Pakistan Stock Exchange (PSX), has witnessed a notable fluctuation in its stock price. The bank's stock closed at Rs. 10.46 on August 4, 2025, slightly below its daily weighted average rate of Rs. 10.47. The bank,
Banks (Finance)
National Bank Holdings Corporation, a leading community bank franchise, announced a quarterly cash dividend of $0.30 per share of common stock. The dividend will be payable to shareholders of record at the close of business on August 29, 2025, and is scheduled for distribution on September 15, 2025. This
Banks (Finance)
As the economy continues to face challenges in 2025, consumers are increasingly searching for immediate financial solutions. To address this need, RadCred, an online loan marketplace, has updated its platform with features such as soft-pull pre-qualification, direct lender access, transparent offer details, and same-day funding potential. These updates aim to
Banks (Finance)
Scheduled commercial banks have seen pre-provision operating profits grow by 12.3 per cent year-on-year to Rs 1.12 lakh crore in Q1FY26, with public sector banks growing by 9.4 per cent and private banks by 14.1 per cent. The growth in treasury income has supported the bottomline
Banks (Finance)
Union Home Minister Shri Amit Shah has congratulated Team Repco Bank for achieving a historic milestone by posting a profit of Rs.140 crore in the financial year 2024-25, the highest in the history of the cooperative bank. This achievement sets an example of efficiency, dedication, and professionalism that will
Banks (Finance)
The Hong Kong Monetary Authority has issued a scam alert warning members of the public about fake websites, internet banking login screens, and phishing emails from several banks in Hong Kong. The affected banks include The Bank of East Asia, Shanghai Commercial Bank Limited, Chong Hing Bank Limited, and Ant
