Over the years, the fintech revolution has been confined to the largest metropolitan cities in India. But the Covid-19 pandemic and digital penetration have brought fintech innovation to small Indian towns. Fintech unicorn Razorpay was initially a platform to provide payment services to small businesses online, which were not served by banks. Last year, in […]

Dispelling politically motivated negative comments perpetuated in the market that state-owned banks are facing difficulties in conducting their international and trade-related banking activities, the People’s Bank wishes to clarify that no letters of credit issued by the bank has not been refused by any international bank to date. The People’s Bank is the largest bank […]

Kyrgyzstan has suspended the SWIFT system and recommended stopping banking activities until the severe political unrest in the country stabilizes. Massive protests erupted after parliamentary elections as the opposition stormed government buildings and forced the prime minister to resign. Suspension of SWIFT and banking services The National Bank of Kyrgyzstan announced on Wednesday that the […]

New Delhi: The Reserve Bank of India (RBI), has mentioned some days that banking will remain closed in October 2020. If you keep track of these holidays, you would be able to plan bank transaction activities. in a better way. For long weekends, you can even plan your vacation well (considering you work in banks […]

Our correspondent | Posted: Dec. 11, 2019, 11:07 a.m. | Update: Dec. 19, 2019, 12:01 p.m. A non-governmental organization (NGO) named Small Traders Cooperative (STC) Bank Limited engaged in illegal banking activities in Rajshahi. According to sources, STC obtained registration as a cooperative society from the Department of Cooperatives to work only in Narayanganj district. […]

by Vincent Fong August 27, 2019 The Labuan Financial Services Authority (Labuan FSA) has approved the China Construction Bank Corporation Labuan Branch (CCBL) to conduct digital banking activities in the Labuan International Business and Financial Center (Labuan IBFC). CCBL was the first to gain approval from Labuan FSA’s digital bank, the two sides said in […]

Cash tickets are counted. Blockchain can help Việt Nam achieve a cashless economy because it provides security, privacy, speed and accuracy for transactions. – Photo tinnhanhchungkhoan.vn HÀ NỘI – Blockchain technology can be used in many different areas of the modern economy, especially banking, said banking expert Cấn Văn Lực. Blockchain saves businesses and government […]

India’s i-banking business generated $ 522.9 million in commissions in H1CY19 (calendar year), up 10.8% year over year previous year, and the highest since CY17’s first-half record of $ 647.7 million. During this period, underwriting commissions in the debt and capital markets were $ 135.1 million, up 98.3%, while those in equity markets were $ […]

ABN Amro has agreed to acquire the private banking activities of French Societe Generale in Belgium, the Dutch bank said in a statement. Tuesday. ABN Amro said the acquisition would double its private banking presence in Belgium with more than € 12 billion under management. The bank sees private banking as a core business and […]

Listen to this article The Reserve Bank of India (RBI) has banned Corporation Bank from carrying out certain banking activities due to a sharp increase in its bad debts. Apparently, the non-performing assets (NPA) of the public bank have exceeded 10 percent. This restriction was imposed by the central bank in an attempt to trigger […]