Banks
- Middle East
Dubai billionaire calls on banks to remain open on official holidays
Dubai billionaire Khalaf Ahmad Al Habtoor has called on banks to remain open during official holidays, as closures cause direct harm to customers and the commercial sector. The call comes after UAE…
- Business
Banks must provide simple KFS to borrowers on terms of loans: RBI
Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they…
- World
Asian central banks likely to cut rates from late June onwards: Morgan Stanley
New Delhi: Asian central banks are likely to begin cutting rates from late June onwards, global brokerage Morgan Stanley said. “Across the region, real rates are rising given lower inflation. As long…
- India
Private sector banks lead Sensex lower
New Delhi: BSE Sensex is trading at 73,857 points, down by 157 points. Private sector banks are down in trade with ICICI Bank down more than 1 per cent, Kotak Mahindra is…
- Business
GenAI spending from banks to reach $85 bn globally by 2030
New Delhi: The spending on GenAI by banks will reach $85 billion in 2030, from $6 billion globally in 2024 which is a 1,400 per cent growth, a report showed on Tuesday.…
- Business
FPIs have turned buyers in leading banks
New Delhi: FPIs have made a major comeback to India in December. Even though FPIs made an investment of Rs 9,000 crore in India in November, they were sellers for Rs 368…
- Business
Nifty depressed by poor performance of banks
New Delhi: The dominant trend in the market this year is the huge outperformance of the mid and small caps, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. While Nifty…
- Business
Banks, RBI keeping close watch to tackle cyber fraud: Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that while government institutions, banks and insurance companies were building greater awareness over cyber fraud, there was a need for people also…
- Business
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
New Delhi: Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India’s (RBI) action raised the risk weightage on unsecured loans. RBL Bank is down…
- Business
Adani Cement refinances $3.5 bn from 10 international banks
Mauritius: Adani Cement, through Endeavour Trade and Investment Ltd, has announced the successful completion of its refinancing program for acquisition debt taken for Ambuja and ACC, through a $3,500 million financing package,…
- Hyderabad
Hyderabad: Know RBI-announced bank holidays in October
Hyderabad: For the month of October, the Reserve Bank of India (RBI) has announced holidays for banks in Hyderabad and other cities across India. According to the RBI, there are a total…