Banks (Finance)
Bank of America Corporation (BofA) is a leading financial services company that offers a wide range of products and services to retail customers, companies, and institutions. As part of its tech ecosystem, BofA has embarked on a digital transformation journey, with a focus on innovation and technology initiatives. The company&
Banks (Finance)
Delhi Police arrested a Chartered Accountant and a direct selling agent on May 9 for allegedly defrauding a private bank of Rs 9 crore using forged financial documents to secure business loans. The scandal came to light after the bank's internal audit flagged a pattern of defaults in
Banks (Finance)
The Delhi District Court has issued an order for State Bank of India to recover Rs. 7,04,402/- from Ajmal Khan, proprietor of M/s. Alfaiz Garments, who defaulted on a loan sanctioned under the Pradhan Mantri Mudra Yojana. The loan was granted for a sum of Rs.
Banks (Finance)
Bank of England policymakers have raised concerns that persistently high inflation could slow down interest rate cuts this year. Deputy Governor Clare Lombardelli and MPC members Megan Greene and Catherine Mann have expressed concerns about the upside risks of inflation. Lombardelli highlighted high wage growth as a key driver of
Banks (Finance)
Prashant Kumar, MD & CEO of Yes Bank, expressed optimism about the bank's future, stating that an overhang had been present for some time, making a strategic partner necessary. The transaction, worth around Rs 13,483 crore, will mark the biggest foreign investment in the country's
Banks (Finance)
The European Investment Bank (EIB) has announced a contract notice to award framework agreements to up to five successful tenderers for the provision of IT consultancy services for the EIB Group's corporate applications. The services are divided into four categories: implementation, development, maintenance, and operations, covering financial and
Banks (Finance)
Unibank, one of the leading commercial banks in Azerbaijan, has entered into a significant partnership with AKA Ausfuhrkredit-Gesellschaft mbH, a renowned German financial institution. The partnership, which follows a pound 5 million credit line granted by AKA to Unibank, aims to enhance the bank's international trade operations and
Banks (Finance)
The Emirates Islamic Bank (EIB) stock remained unchanged at AED 11.5 on the Dubai Financial Market (DFM) on May 12, 2025, with no increase or decrease in its share price throughout the trading session. The stock's high and low prices for the day were both AED 11.
Banks (Finance)
Abu Dhabi Islamic Bank-Egypt has been a standout performer on the Egyptian Exchange (EGX), with its stock remaining a focal point for investors interested in the banking sector. As of May 12, 2025, the bank's stock is trading on the EGX's Main Market, with a par
Banks (Finance)
Finance Minister Nirmala Sitharaman convened a high-level meeting with banking and insurance sector leaders on Friday, directing them to enhance cybersecurity and preparedness measures to ensure uninterrupted access to banking and financial services, especially in areas near the border. The finance minister emphasized the importance of seamless cash availability at
Banks (Finance)
Texas Capital Securities, a subsidiary of Texas Capital Bancshares, Inc., has announced a major expansion of its services, driven by the addition of senior professionals and enhancements to its capabilities. This move is aimed at solidifying the firm's position as the premier full-service financial services firm headquartered in
Banks (Finance)
Shares of State Bank of India (SBI) and Kotak Mahindra Bank fell nearly 2% and 5% respectively in early trade on Monday after the lenders reported weaker-than-expected earnings for the March quarter. SBI shares ended 1% lower at Rs 790 while the Kotak Bank scrip closed at Rs 2,085,
