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 IST FOLLOW US ON: The Reserve Bank on Thursday authorized commercial banks to pay dividends for fiscal year 21, subject to certain conditions and limits. The …

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. Economists warn, however, that this could put the US dollar at risk in the long run. Loading Something is loading. The People’s Bank of China (PBOC) has introduced its first blockchain-powered digital currency controlled by its central bank. The project …

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 institutions. Currently, four of the top five commercial banks now have female CEOs, namely: Baronice Hans, CEO of Bank Windhoek, Ester Kali, CEO …

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 accelerate the digitization of their retail services, with some even breaking down traditional barriers between new competitors in the industry in order to share ideas …

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 Covid-19 pandemic, according to the PwC study. Findings from PwC’s latest 2020 Qatar Banking Sector Report, covering eight …

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 increase by around 1.8% during the review period, according to Bloomberg estimates. Estimates indicate that private sector lenders will perform better than public …

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 [IST] On December 4, the Monetary Policy Committee agreed to keep repo rates stable and kept the policy program “accommodating” despite high inflation and some indicators of economic growth. Changes in the Reserve Bank of India’s (RBI) monetary policy, such as the repo rate, the prime rate, the internal …

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 the second consecutive year-over-year decline in coal funding, following a 90% drop in 2018,” added the report. According to …