Banks (Finance)
HDFC Bank customers are facing widespread disruptions to their mobile banking and other digital services after the bank's app experienced a sudden outage. The outage, which began around 7:51pm according to website outage tracker Downdetector, has left thousands of users unable to access their accounts, make UPI
Banks (Finance)
ABSA Bank Limited, a South African-based bank, has announced the listing of six new financial instruments on the Johannesburg Stock Exchange (JSE). These instruments, known as credit-linked notes, are designed to provide investors with a unique investment opportunity that is linked to the performance of the South African credit market.
Banks (Finance)
NCC Bank observed International MSME (Micro, Small, Medium and Cottage Industries) Day by organizing a customer gathering event featuring various initiatives aimed at supporting small and medium-sized enterprises. The event's key highlights included an awareness workshop on CMSME financing, open loan disbursements, the unveiling of the SME Visa
Banks (Finance)
As the European Council summit discusses the future of the multilateral trading system, ICC Secretary General John W.H. Denton AO has emphasized the importance of strengthening the rules-based trading system, which is critical for the global business community. Denton has urged the EU and CPTPP members to focus on
Banks (Finance)
Vietnam's regulatory sandbox decree is more than just a legal instrument; it is a bold policy innovation that marks a significant milestone in the country's journey towards digital financial transformation. The decree, which took effect on July 1, provides a structured, transparent, and agile testing environment
Banks (Finance)
The Johannesburg Stock Exchange has announced that The Standard Bank of South Africa Limited has listed a new financial instrument, SBEN52, on its exchange. This instrument is part of the issuer's Structured Note Programme, which was established on January 26, 2021. The Programme has an authorized size of
Banks (Finance)
The Bank of England has issued a statistical release detailing the UK banking sector's capital ratios and levels of capital and risk-weighted assets for 2025 Q1. The key points from the release indicate a decrease in the Common Equity Tier 1 (CET1) capital ratio, as well as a
Banks (Finance)
As investigations by The Indian Express reveal, leading banks and their officials have dropped the ball, allowing cyber scamsters to pass crores of stolen money through ghost accounts opened by fictitious outfits. One such scam involved a 78-year-old retired IAF officer, Biren Yadav, who was coerced into transferring Rs 1.
Banks (Finance)
Abu Dhabi Islamic Bank-Egypt has experienced a substantial fluctuation in its stock price this year, reflecting the bank's position within the sector. The stock's year-to-date price change percentage of -40.08% showcases the significant movement in its price, with the highest recorded price being EGP 46.
Banks (Finance)
The Financial Supervisory Authority of Helsinki has maintained the national systemic risk buffer requirement for banks at 1.0% and the additional capital requirements for systemically important credit institutions at 0.5-2.5%. The mortgage loan ceiling will also remain at its basic level, with the maximum loan-to-value ratio for
Banks (Finance)
At a time when traditional banks often reject applicants due to low credit scores, MoneyMutual provides a fast and reliable solution for U.S. borrowers with poor credit to access personal loans quickly and securely. The company's network of matching lenders and smart loan-matching system connect users to
Banks (Finance)
Oracle has unveiled new trade and supply chain finance cloud services designed to empower banks to provide corporate and SME clients with faster access to financing through streamlined trade processes. The new services aim to unify operations and manage the entire trade and supply chain finance lifecycles, enabling banks to
