China’s industrial growth reports 17 years low in May
China’s industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world’s second-largest…
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Banks
RBI Governor: Need for a fresh look at NBFC supervision; norms soon on liquidity risk management
Concerned overstress in the NBFC sector, RBI Governor Shaktikanta Das Saturday said there is a need to have a fresh look at the regulation as well as supervision, and the central bank will…
World Bank retains India’s growth rate at 7.5% for FY20
India is projected to grow at 7.5 percent in the next three years supported by robust investment and private consumption, the World Bank has said.The bank in its Global Economic…
InstaReM to offer cross-border payments service for KASIKORNBANK clients
Asia's leading digital cross-border payment company InstaReM has partnered with Thailand's leading bank KASIKORNBANK (KBank) to provide cross-border payments for bank's client.The…
Asian internet companies are competing with traditional banks on consumer finances
Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech…
Exim Bank extends two line credit worth of $180 Mn for two projects of Ghana
The Exim Bank has extended two lines of credit (LoCs) worth USD 180 million to two projects in Ghana.The bank has given a USD 30-million credit to a rehabilitation and upgrade of…
To recover Rs 423 crore, SBI invites Express of Interest to sell two dud accounts
SBI has invited expression of interest from asset reconstruction companies and financial institutions to sell two non-performing accounts to recover dues of over Rs 423 crore.The…
SEBI exempts the government from issuing an open offer for Union Bank shareholders
Markets regulator SEBI on Friday exempted the central government from making an open offer for the shareholders of Union Bank of India following capital infusion. In February, the…
Declaring Bankrupt is the only option left for Jet Airways, says SBI Chairman
State Bank of India's (SBI) chairman said on Wednesday that putting Jet Airways into bankruptcy is the "last option" and that its lenders are making every effort to keep the airline flying.…
Infosys Finacle to develop cross-border trade finance network for Hatton National Bank
Sri Lanka's leading private bank Hatton National Bank (HNB) on Wednesday announced that "It has partnered with Infosys Finacle Trade Connect, a part of EdgeVerve System and Wholly-owned…