The British Business Bank has officially crossed a huge milestone — £5 billion lent through its structured guarantee programmes. This marks a big win for smaller and medium-sized enterprises (SMEs)...
Category: Finance
PSU Banks Join Forces to Launch Unified Platform for Debt Recovery
Five major public sector banks, including State Bank of India, Punjab National Bank, and Bank of Baroda, are teaming up to create a shared platform aimed at streamlining debt recovery...
Citi Names Wenjie Zhang as New China Country Officer and Banking Head
Citi is bringing back a seasoned banking veteran to steer its operations in China. Wenjie Zhang, with 30 years of corporate and institutional banking under his belt, will take the...
Banks to Shut in Multiple Cities This Week for Id-ul-Ad’ha: What You Need to Know
Banks in parts of India will remain closed for two consecutive days this week due to the observance of Id-ul-Ad’ha, also known as Bakrid. The closures will vary across states,...
Banking Giants Push Back Against SEC Cyber Rule, Call for Immediate Rollback
U.S. financial institutions say mandatory disclosure within four days could jeopardize national security, aid hackers, and hinder incident response. America’s biggest banking groups are clashing with the Securities and Exchange...
Singapore’s Rise as a Hub in the Expanding Islamic Banking World
Islamic finance has long been the financial lifeline of a few Muslim-majority nations. But now, the spotlight is shifting—and Singapore is stepping up as a serious contender in this growing...
US Stock Markets Slip as Moody’s Downgrades Credit Rating, Raising Alarm Bells
US stock markets took a hit Monday after Moody’s Investors Service downgraded the US government’s credit rating from the top-tier Aaa to Aa1. This shift comes amid growing concerns over...
Best Banking & PSU Mutual Funds to Invest in April 2025
As the financial year progresses, many investors are on the lookout for safe, steady returns. Among the various investment options, Banking & PSU (Public Sector Undertaking) mutual funds have emerged...
DBS Bank India Sets Ambitious Course Under New CEO Rajat Verma
DBS Bank India, under the leadership of newly appointed CEO Rajat Verma, is charting an ambitious path to expand its footprint in the SME and corporate banking sectors. With a...
FMA to Scrutinize Banks Over Delays in Passing On Interest Rate Changes
Watchdog says it’s no longer waiting for things to break before stepping in New Zealand’s Financial Markets Authority (FMA) has a new priority — and it’s got the banking sector...