Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Commercial banks
RBI Revises Quick Corrective Action Framework for Commercial Banks, Effective January 1, 2022
RBI revised quick remedies framework for banksThe Reserve Bank of India has revised the existing Rapid Corrective Action Framework (PCA) for scheduled commercial banks, which will be applicable from January 1, 2022. The main…
Will central and commercial banks negatively disrupt innovation?
Opinion “Deploying well-designed central bank-issued digital currencies can transform our societies into modern, innovative, more resilient and very user-centric economies. could even be risky from a national and global security…
BoG instructs commercial banks to increase credit base and lend to private sector
Economic news for Monday, November 1, 2021
Source: www.ghanaweb.com
2021-11-01
Elsie Addo Awadzi, Second Deputy Governor of the Bank of Ghana
• Loans to the private sector are essential to stimulate economic growth • The cost of…
AmEx’s new debit card is part of big push commercial banks should ‘watch closely’…
With the launch of a digital checking account for businesses and associated debit card on Thursday, American Express Co. could be poised to shake up the payments industry in ways never seen before, observers say. "This…
MFIs want commercial bank status
ISLAMABAD: Micro Finance Institutions (MFIs) urged the government to give them the status of banks, aiming at the availability of credit at the same rates as those offered to commercial banks.
This request was submitted to the…
Afghanistan dispatches: “Commercial banks are unable to preserve their liquidity and this is driving…
JURIST EXCLUSIVE - Law students and lawyers in Afghanistan file reports with JURIST on the situation there following the Taliban takeover. Here, a JURIST staff correspondent in Kabul offers observations on the current state of…
NDPR: Can commercial banks publish personal data of violators of PTA / BTA guidelines on their…
Recently, the Central Bank of Nigeria (“CBN”) issued a directive to commercial banks to post the personal information of customers who violate the provisions of its PTA / BTA guidelines (“Guidelines”) on their websites. Now from a data…
Strengthening the Risk-Based Internal Audit System for Commercial Banks: RBI Guv Das
Reserve Bank Governor Shaktikanta Das said on Monday that a fair and impartial audit is essential for a resilient economy because it inspires confidence in citizens.
Speaking to…
Dispatches in Afghanistan: “the central bank as well as the commercial banks are short of…
JURIST EXCLUSIVE - Law students and lawyers in Afghanistan file reports with JURIST on the situation there after Kabul fell to the Taliban. Here, a lawyer from Kabul offers his personal observations and perspective on recent banking and…
Seychelles: Commercial banks in Seychelles implement monetary policies imposed by the Central Bank
All commercial banks in Seychelles have implemented the monetary policies announced by the Central Bank of Seychelles (CBS) in June after being given an ultimatum to do so by October 1, an official has said.
Seychelles Bankers Association…
Akufo-Addo implores commercial banks to cut rates
Ghana's banks were grilled by the president in August for high lending rates. Akufo-Addo instructed the Board of the Bank of Ghana to ensure that the gaping gap between the central bank's policy rate and the lending rate of commercial…
Citi Big Idea: Central and Commercial Banks Use Shared DLT for “Digital Currency Format…
During today's Cordacon Enterprise Blockchain conference, Tony Mclaughlin of Citibank said the regulated industry should work together to fight the “digital currency format war”. He suggested that central banks, commercial banks and…
Commercial banks account for over 93% of premium payments to DICGC in FY21
Commercial banks, including local banks (LAB) and regional rural banks (RRB), paid a total premium of Rs 16,341 crore in 2020-2021, while cooperative banks paid Rs 1,176 crore. Scheduled commercial banks account for over 93% of premium…
Commercial banks solicited to increase their capital
RBNZ move could lead to $ 20 billion increase for industry
Gyles Beckford
The Reserve Bank of New Zealand (RBNZ) has made few concessions by forcing the country's banks to hold more capital to bolster their finances in the event of!-->…
UKEF launches partnership with major UK commercial banks
UK export finance (UKEF) will launch a new guarantee program today that will free up funds for UK businesses to cover the costs of international trade, supporting thousands of jobs and livelihoods across the country.
Exporters will…
Bank of Russia asks commercial banks to block suspicious crypto accounts and wallets
NEW DELHI: With the aim of combating money laundering, suspicious economic activities and protecting the country's economy from scams and fraud, the Central Bank of Russia (CBR) has made some recommendations to commercial banks, Bitcoin.com…
CBN again warns commercial banks to refrain from fraudulent forex practices
THE Central Bank of Nigeria (CBN) has warned depository banks (DMBs) to refrain from any form of malfeasance in foreign exchange (FX) transactions.
The apex bank gave the warning in a letter signed by Commerce and Trade Department Director…
Commercial banks sharply increase provisions to cover bad debts | Bank and finance
Although the bad debts of many commercial banks are still below the 3% threshold allowed by the State Bank of Vietnam (SBV), anticipating the potential risks of loans affected by the Covid-19 pandemic, many commercial banks have sharply…
10 commercial banks make 266 billion naira through account maintenance and online banking fees
Ten Nigerian banks made 265.96 billion naira through account maintenance and electronic banking fees in 2020.
This is shown by the analysis of data from the annual reports of the 10 banks. Banks made 79.55 billion naira from account…
Commercial banks set up Chinese office in Singapore
February 12, 2018, Citi bank branch in Singapore's central business district. Huiying Ore | Bloomberg | Getty Images Singapore — The city's commercial banking division has set up a Chinese office in Singapore to help "emerging"…
Afghanistan dispatches: “commercial banks run out of US dollars” – JURIST –…
EXCLUSIVE JURIST - Law students and lawyers in Afghanistan file reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer from Kabul with experience in the country's financial sector presents his…
5 Big Differences Between Commercial Banks and Credit Unions
My first “bank”!
My first bank account was not at a bank. It was at a credit union.
When I was 16, my mother and I walked into a branch of the Teachers Federal Credit Union and opened a joint account. They printed out a little card,…
Commercial bank profits increased by around 20pc in fiscal year 2020/21 – myRepublica
KATHMANDU, Aug 20: Profits made by the 27 commercial banks in the last fiscal year soared by 19.31%, supported by flexible monetary policy and banks' profits from stock trading amid the impacts of the COVID-19 pandemic.
According to the…
Tanzania: Masoud aims to elevate Pbz to the top five commercial banks in Tanzania
ZANZIBAR President Dr Hussein Mwinyi last February appointed seasoned banker and former University of Dar es Salaam lecturer Dr Muhsin Salim Masoud to head the People's Bank of Zanzibar (PBZ). In an interview with editor-in-chief MASATO…
Exempt the public sector and commercial banks from the deposit insurance regime: AIBEA
Before Lok Sabha passes the deposit insurance bill, the Bank Employees Association of India (AIBEA) urged Finance Minister Nirmala Sitharaman to exempt banks in the sector from his jurisdiction. public and / or commercial banks, which are…
Record household deposits in commercial banks in BiH – Sarajevo Times
Total household deposits with commercial banks in Bosnia and Herzegovina at the end of June this year stood at BAM 14.35 billion, which is the highest level recorded so far, and economists point out that the main…
Retail and commercial banks must strengthen digital security to protect their customers
By Gur Geva, Founder and CEO of iiDENTIFii
Now more than ever, the need to improve data security within financial services and banking institutions has taken center stage. Customers, both business and personal, need…
China’s largest commercial banks lag far behind in gender balance in top positions
Industrial Commercial Bank of China is one of six state-owned banks in the country that ... collectively lagging behind in gender balance in top positions, according to figures from Deloitte. Photographer: Brent Lewin /…
Comparison of investment banks and commercial banks
Investment banks and commercial banks represent two divisions of the banking industry, and each type provides significantly different services.
Investment banks speed up the buying and selling of bonds, stocks, and other…
Xangle’s Credibility Ratings Will Be Used By Korean Commercial Banks To Evaluate…
Seoul, Republic of Korea - (Newsfile Corp. - June 8, 2021) - Xangle, the cryptocurrency disclosure platform, offers Xangle Credibility Rating (XCR) which will be used as an official reference document by Korean commercial banks to…
Domestic credit of Qatar’s commercial banks jumps 11.21% to QR 1.11 billion in April
Local currency credit from Qatar's commercial banks to semi-government entities and the government sector as well as foreign currency credit to the real estate sector significantly exceeded the overall year-on-year domestic credit…
Qatar’s commercial banks show robust growth in public sector credit
Qatar's commercial banks saw robust double-digit growth in public sector credit and domestic debt, with their total assets reaching QR 1.75 billion in April, according to central bank data.Data from the Central Bank of Qatar (QCB) also…
Cryptocurrency custody gives commercial banks a foothold in the market
Custody isn't the most compelling corner of the crypto ecosystem, but 21st century solutions for the storage and custody of digital assets are essential if cryptocurrencies are to be adopted at scale. For this reason, the recent…
Commercial banks might not dodge CBDC disruptions
While carefully avoiding anticipating the findings of his new central bank digital currency task force, Sir Jon Cunliffe, Deputy Governor, Financial Stability, Bank of England, declined to worry about the disruption potential that the…
CEMAC: Commercial banks and their primary dealers hold 93.7% of government securities
(Business in Cameroon) - At the end of 2020, 93.7% (XAF 3,021.2 billion) of government securities issued by CEMAC countries were held by commercial banks operating in this sub-region and their primary dealers. The remaining 6.3% was…
Commercial banks are “digital children”
Compared to the digitalization of retail banking, commercial banking is still in its digital infancy and Australian commercial banks are even further behind their international peers.
Accenture has released its 2021 Commercial Banking Top…
Exposure of commercial bank loans to government reaches 1.8 trillion naira | The Guardian Nigeria…
As the loan portfolio of commercial banks exceeds 20tr
Total commercial loans to government, at all levels, amounted to N1700 billion at the end of last year, an increase of about 18% from the…
RBI allows commercial banks to pay up to 50% of pre-Covid dividends
Archive photo of the Reserve Bank of India logo.The revised RBI circular provides that commercial banks can pay up to 50% of what they could before COVID.PTI Last update:April 23, 2021, 07:44 ISTFOLLOW US ON:The Reserve Bank on Thursday…
Chinese digital yuan to be distributed with help from commercial banks
China became the first major economy to deploy a digital currency.
The digital yuan will bypass the global financial system.…
How commercial banks are adapting to digital banks
When Wema Bank launched its digital bank, ALAT, in 2017, it signaled that Nigerian commercial banks had awakened to the age of fintech products. Industry experts expected other commercial banks to follow suit with…
Central Bank celebrates women at the helm of commercial banks
The Bank of Namibia this week hosted an event to honor women appointed to leadership positions in the country's largest commercial banks, as they contribute to the national aspiration to transform the management and ownership of financial…
Commercial banks seek ideas from new competitors for digitization
Woori Bank CEO Kwon Kwang-seok speaks at the lender's annual management strategy kick-off meeting held at its headquarters in central Seoul on Friday. (Woori Bank)South Korea's leading commercial banks are looking for ways to…
Nine-month total assets of 8 listed commercial banks up 3.7% to QR1.69tn: PwC
The total aggregate assets of eight listed commercial banks in Qatar grew 3.7% in the first nine months of 2020 to reach QR 1.69 billion, according to a PwC report.
Local banks showed steady growth in 2020 despite the implications of the!-->…
Listed Commercial Banks Could Post 5.5% Increase in Third Quarter Net Profit
Still in the shadow of the Covid-19 pandemic, listed commercial banks could record a 5.5% increase (year-on-year or year-on-year) in their net profit for the third quarter ended December 2020 (Q3 of FY21).
Their net income could…
Top 4 commercial banks that give up to 7.50% return on FDs for seniors
Investment oi-Vipul Das |
Updated: Monday December 7, 2020, 7:06 PM
On December 4, the Monetary Policy Committee agreed!--QLINKS_ON-->!--QLINKS_OFF-->…
pension rate unchanged; Commercial banks will not declare dividends for fiscal year 21
KEY RBI POLICY ANNOUNCEMENTS
KEY POLICY ANNOUNCEMENTS
> Repo rate unchanged at 4%; status quo maintained for third consecutive policy
> MPC maintains an accommodating position at least during the current fiscal year and…
Report, Energy News, ET EnergyWorld
New Delhi: Commercial bank financing of coal projects fell 126% from 2018 to 2019, according to a recent report. He said commercial banks provided 950 crore rupees in coal loans.While coal funding declined a further 82% in 2019. “This is…
World’s safest banks 2020: commercial banks
Global finance names this year's 50 safest commercial banks.
Commercial banks have…
JP Morgan veteran Daniel Masters explains how blockchain will end commercial banking
Former JP Morgan global head of energy trading Daniel Masters was one of the first traditional investors to venture into bitcoin, helping to craft the value proposition that many institutional investors are now embracing.…
Central bank digital currencies could have ‘profound negative consequences’ for…
The international rating agency Moody's Investors Service warns that central bank digital currencies (CBDCs) could have "profound negative consequences" for commercial banks - shifting their current role in the payments system, disrupting…
Thai commercial banks strengthen their market positions –
The deputy governor of the Financial Educate Stability Bank of Thailand explained that Thai commercial banks handle financial problems well. Mr. Ronadon Numnon, affirms that the main positioned banks are strong and that they…
Central bank digital currencies: challenges for commercial banks | Item
Renewed interest in digital currencies
Digital currencies are quickly becoming a priority for commercial banks. Although Facebook has been forced to return to the drawing board with its grand global monetary plan…
CBDCs could cause friction with commercial banks
Johan Javeus, chief strategist at SEB, told Finextra Research about the tension that could emerge between central banks and commercial banks if the former circulated a digital currency directly to consumers.
In recent months,…
Retail banking services become a trend among commercial banks | Business
A transaction at Vietcombank (Photo: VNA)
Hanoi (VNA) - Many Vietnamese commercial banks have decided to develop
retail banking, seeing it as a strategy to reduce risk and optimize their business results, according to insiders.Retail…
Commercial banks must step up their game on customer service
In retail banking, a bank has only one customer (or two) per account. In the business scenario, however, there are so many more stakeholders for each account, which makes service excellence much more complex. When customers are…
Savings and Loan Companies Versus Commercial Banks: What’s the Difference?
Savings and credit institutions, also known as S&L, savings banks, savings banks, or savings institutions, provide clients with many of the same services as commercial banks, including deposits, loans, mortgages. , checks and debit…