Banks (Finance)
DeFi Technologies' venture portfolio company, AMINA Bank AG, has announced a significant increase in revenue and assets under management in 2024, reaching a revenue of $40.4 million and a growth of 69%, while its assets under management surged by 136% to $4.2 billion. The bank's
Banks (Finance)
A police constable in Nankana Sahib was booked for harassing a female bank official, while another constable, Abdul Qadeer Kaka, was arrested in an eight-year-old murder case in Millat Town. Meanwhile, the Anti-Corruption Establishment registered a case against a patwari and six accomplices for allegedly transferring land to other people
Private banking
Gautam Duggad, Head of Research - Institutional Equities at Motilal Oswal Financial Services, expressed optimism about India's earnings trajectory, expecting 12-14% earnings growth in FY26. Despite a flattish FY25, Duggad pointed out that the country's valuation will track the underlying earnings growth, suggesting that India may
Banks (Finance)
In a notable milestone for DeFi Technologies' venture portfolio company, AMINA Bank has reported a 136% increase in Assets Under Management (AUM) to US$4.2 billion and a 69% rise in revenue to US$40.4 million in 2024, achieving quarterly profitability in Q4. This impressive growth underscores
Banks (Finance)
The Indian stock market has seen a bearish trend in recent days, resulting in a significant erosion in the market valuation of several top-10 firms, including HDFC Bank, Reliance Industries, and Bharti Airtel. The combined market capitalization of these firms declined by Rs 1,65,501.49 crore, with HDFC
Banks (Finance)
Following the RBI's repo rate cut, Canara Bank has reduced its Repo Linked Lending Rate (RLLR) from 8.75% to 8.25%. This move will translate to lower EMIs or shorter loan tenures for borrowers, providing significant relief to home and personal loan customers. The new rates will
Banks (Finance)
A new partnership between the Canada Infrastructure Bank and Scotiabank aims to accelerate energy-efficient upgrades in commercial buildings across Canada. The partnership will provide low-cost, flexible financing to clients of Scotiabank, including owners of commercial, industrial, office, and multi-residential buildings, to undertake upgrades that cut emissions by at least 30
Banks (Finance)
For the first time since 2011, public sector banks (PSBs) have surpassed private sector banks (PVBs) in loan growth, with PSBs recording a 13.1% year-on-year loan growth compared to 9% for PVBs at the end of FY25. The strong performance was across multiple segments, including traditional areas like mortgages
Banks (Finance)
The Reserve Bank of India's 2024-25 annual report highlights a disturbing trend in bank frauds, with the value of such cases rising sharply from Rs 12,230 crore in 2023-24 to Rs 36,014 crore in 2024-25, a threefold increase in just one year. This increase is attributed
Banks (Finance)
Recent research from the School of Business Administration in Chittagong, Bangladesh has investigated the correlation between green banking practices and sustainable environmental performance in private banks. The study found that employees' green motivation and behavior play a crucial role in linking green practices to a bank's environmental
Banks (Finance)
Representing PwC, Ms. Gunel Sadiyeva, Tax Director and Leader of the Tax, Legal, and People Practice at PwC Azerbaijan, contributed expert insights to a wealth advisory panel discussion hosted by Henley and Partners Turkey in collaboration with Pasha Private Banking. The event brought together leading advisors and high-net-worth individuals to
Banks (Finance)
Key Private Bank has partnered with The Bonadio Group to share expert insights for local non-profit organizations navigating the current charitable giving landscape. The panel, "The Art and Science of Charitable Giving: A Guide for Donors and Nonprofits," will be held on June 4 at the Community Folk
