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Friday, January 27 2023

banking

Islamabad: Pakistan to move away from interest-based banking system

10-Nov-2022 Asia

In a sudden decision, the Pakistan government on Wednesday November 8 announced that it will move ahead to establish an interest-free, Islamic banking system and withdraw in the coming days appeals filed against it in the Supreme Court, according to...

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Delhi: PM to dedicate 75 digital banking units to nation on October 16

14-Oct-2022 Delhi

Aiming to strengthen the financial inclusion framework in the country, Prime Minister Narendra Modi will dedicate 75 digital banking units (DBUs) to the nation on...

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Restrictions on withdrawals could fuel a banking crisis in China

22-Jul-2022 Asia

The ruling Chinese Communist Party (CCP) is moving to dampen concerns about a banking crisis amid an ongoing mortgage repayments strike and widespread protests over...

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SBI increases limit on IMPS transactions to Rs 5 lakh

05-Jan-2022 Business News

The State Bank of India has increased the limit on IMPS (Immediate Payment Service) transactions from Rs 2 lakh to Rs 5...

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RBI cautions cooperative societies against use of word ‘Bank’ in their names

23-Nov-2021 Business News

The Reserve Bank of India (RBI) has cautioned cooperative societies against the use of the word 'Bank' in their...

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Moody’s revises outlook for Indian banking system to stable from negative

20-Oct-2021 Economy

Moody's has revised the outlook for the Indian system to stable from negative suggesting that the environment will support asset...

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Kotak Mahindra Bank gets nod to collect direct, indirect taxes

05-Oct-2021 Business News

Kotak Mahindra Bank Ltd has got approval from the government for collection of direct and indirect taxes,through its banking...

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Afghan banking system close to collapse

28-Sep-2021 Asia

Afghanistan's banking system is close to collapse. Syed Moosa Kaleem Al-Falahi, the Chief Executive of the Islamic Bank of Afghanistan, said the country's financial industry...

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SBI sized banks needed by the country : FM

27-Sep-2021 Economy

India needs a lot more banks and a lot more SBI sized banks to meet the growing needs of the country Finance Minister...

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Ex-SBI chief Rajnish Kumar joins HSBC Board in Asia

31-Aug-2021 Business News

Kumar will also be a member of HSBC's Audit Committee and Risk...

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