Bank
- News
RBI directs all Agency Banks to remain open on March 31
Mumbai: The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a…
- Middle East
Dubai ruler announces 20% annual tax on foreign banks
Dubai: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, on Thursday, March 7, issued a law mandating a 20 percent annual tax…
- Business
Hit by ransomware, China’s biggest lender pays hackers to ‘close deal’
The US arm of the Chinese state-owned commercial bank, Industrial and Commercial Bank of China (ICBC), which was hit by a ransomware attack on November 9 that disrupted trade in the US…
- Middle East
CBUAE lifts monitoring imposed on bank operating in UAE
Dubai: The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s…
- India
RBI proposes 6-month deadline for banks to identify wilful defaulters
Mumbai: The RBI in its draft master directions issued on Thursday has proposed that lenders should label defaulting borrowers as ‘wilful defaulters’ within six months of an account turning non-performing asset (NPA).…
- Kashmir
J-K Bank dismisses employee from service over allegation of being threat to state
Srinagar: Jammu and Kashmir Bank Saturday terminated an employee from service for allegedly being a threat to the security of the state, officials said. The services of Sajad Ahmad Bazaz were terminated…
- Business
South Indian Bank’s Stock Rises 6% as RBI Approves New CEO
New Delhi: The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval for the appointment of P.R. Seshadri as the Managing Director…
- India
Bombay Mercantile Bank invites applications for Junior Executive Assistant post
Bombay Mercantile Co-operative Bank has invited applications to fill up the posts of Junior Executive Assistant. According to the notification released by the bank, candidates need to be graduates in any discipline…
- India
Manipur violence: Banks to provide relief measures on loans
Imphal: In view of over two-month long ethnic violence in Manipur, banks would provide relief measures by way of rescheduling the existing loans. Accordingly, banks have been instructed to extend the moratorium…
- Business
Another US regional bank First Horizon’s stock tumbles after merger collapses
New York: First Horizon and TD Bank have called off a $13 billion deal that would have formed Americas sixth-largest bank, adding to the turmoil sweeping the countrys regional lenders, a media…
- Middle East
SNB chair resigns after his Credit Suisse comments caused investor panic
London: The chair of the Saudi National Bank (SNB) has resigned for “personal reasons”, less than two weeks after his comments spurred investor panic over Credit Suisse that ended in an emergency…