Banks (Finance)
Public sector bank employees in India went on a two-day strike on Monday and Tuesday, protesting against the privatization of state-run lenders. The strike, given by the United Forum of Bank Unions (UFBU), may have disrupted bank services, including deposits and withdrawals at branches, cheque clearances, and loan approvals. Former
Banks (Finance)
Prime Minister Narendra Modi's Citizen Assistance and Relief in Emergency Situations (PM CARES) fund has received contributions exceeding Rs 5,000 crore from private sector establishments, records show. Major corporate entities, including Reliance Industries, Tata Group, Aditya Birla Group, and Adani Enterprises, have contributed significantly to the fund.
Banks (Finance)
Despite a steady fall in the fiscal deficit, banks in Egypt continue to rely heavily on government debt, with Treasury bills accounting for approximately two-thirds of total domestic credit. The COVID-19 pandemic led to increased government support measures, with the central bank introducing schemes to subsidize credit to industry, agriculture,
Banks (Finance)
Despite the shock caused by the coronavirus pandemic, asset quality at Indian banks has performed better than expected at the start of the outbreak. Moody's Investors Service notes that corporate loans have held up well due to banks' timely provisioning for legacy problem loans and tightened underwriting
Banks (Finance)
Public sector banks continue to offer lower interest rates on loans across categories, making them the most attractive option for borrowers. The cheapest personal loan from a state-owned lender is offered by Union Bank of India at an interest rate of 8.9 percent per annum, followed closely by Punjab
Banks (Finance)
As the pandemic continues to impact the retail industry, leaders from ICSC, TD Bank, and NEST gathered during The Rollout Event to discuss the current state and future of retail. Despite the challenges, the panel provided an optimistic outlook, citing retailers' flexibility, pent-up customer demand, and consumers' available
Banks (Finance)
Multiple stocks in the Indian market are gearing up for significant moves, driven by announcements from top companies and regulatory decisions. Prominent among these are Vodafone Idea, whose parent company Vodafone Group Plc has secured funding from a consortium, and IndusInd Bank, whose promoter Hinduja Group is poised to raise
Banks (Finance)
Ghana has been facing intense pressure from the European Union (EU) over allegations of non-compliance with money laundering and terrorism financing regulations, but the country's Finance Minister, Ken Ofori-Atta, has fired back, calling the EU's decision "hypocritical" and "a sledgehammer thrown at us.
Banks (Finance)
Ghana's Finance Minister, Ken Ofori-Atta, has expressed strong sentiments towards the European Union's decision to blacklist the West African nation for non-compliance with money laundering and terrorism financing regulations. Ofori-Atta views the decision as hypocritical, particularly considering the recent international media reports revealing the involvement of
Banks (Finance)
Bandhan Bank, a leading Indian banking and financial services company, is gearing up to raise approximately Rs 10,500 crore by selling shares in the secondary market on Monday. This transaction will reportedly translate into a price that is around 10% lower than the stock's closing price on
Banks (Finance)
The COVID-19 pandemic has presented unique challenges to small businesses, and many are struggling to adapt. A recent survey by TD Bank found that 81% of small business owners lacked a crisis plan prior to the pandemic, putting them at a disadvantage when trying to navigate the challenges of shutdowns
Banks (Finance)
Bank Muscat, Oman's leading financial services provider, has received the Wells Fargo Operations Excellence Award for its exceptional quality of SWIFT messages on dollar payments and outstanding error-free rate for remittances. This award recognizes Bank Muscat's commitment to operational excellence and its partnership with Wells Fargo,
