The Reserve Bank of India (RBI) has imposed monetary penalties on five co-operative banks for non-compliance with various directions issued by the central bank. The banks that have been penalised...
Category: Finance
ANZ-Suncorp Merger: A New Era for the Australian Banking Sector
The Australian banking sector is undergoing a major transformation, as ANZ, one of the big four banks, has agreed to acquire Suncorp’s banking arm for $4.9 billion. The deal, which...
How the Banking Sector Clean-Up Saved Ghana from Economic Collapse
The banking sector clean-up that took place in Ghana from 2017 to 2019 was a crucial intervention that helped the country to cope with the Covid-19 pandemic and the economic...
Why Singaporeans Are Not Ready for Digital-Only Banking
Singapore is one of the most advanced and digital-savvy countries in the world, with a high penetration of smartphones, internet, and mobile banking. However, a recent report by EPAM, a...
The Bank of England’s Dilemma: To Follow or To Lead?
The Bank of England (BoE) is facing a tough choice: whether to follow the lead of the government and the industry on global banking reforms, or to stick to its...
Velmie Unveils New Platform for Business Banking Solutions
Velmie, a fintech company that specializes in developing digital banking software, has announced the launch of its Business Banking Platform, a comprehensive and customizable solution that aims to address the...
How the Union Budget Boosts Deep Tech and Research Funding in India
In her Interim Budget speech on February 7, 2024, Finance Minister Nirmala Sitharaman made two important announcements related to deep tech and research funding in India. She declared that the...
Biden gives FCC the power to regulate the internet under the pretext of digital equity
President Joe Biden has authorized the Federal Communications Commission (FCC) to oversee the internet services and infrastructure in the country, under the banner of promoting digital equity. The FCC has...
Tech Stocks Show Mixed Results: Meta Soars, Atlassian Plunges
Tech stocks showed mixed results on Thursday, as some of the biggest names in the industry reported their quarterly earnings. Meta Platforms, formerly known as Facebook, soared after beating expectations...
US Tech Giants Lift Asian Markets, Jobs Data Awaited
Asian markets rose on Friday, following a strong rebound in US tech stocks after Meta and Amazon reported better-than-expected earnings. Investors are also looking ahead to the US jobs data,...