Beijing: – The Chinese banking sector is rocked because of the activities of the companies of Chinese billionaire Jack Ma. It has been exposed that more than USD 230 billion have been distributed in loans through the ANT Group, one of the leading e-commerce and financial technology companies. Distribution of loans is primarily a banking […]
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New Delhi: – The public sector banks in India will start providing Doorstep Banking services soon. Union Finance Minister Nirmala Sitharaman inaugurated the service. This will make the banks more customer-friendly, and the public sector banks will be providing the regular services at the customer’s doorstep. These services will be provided through Doorstep Banking agents. […]
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New Delhi: The measures taken by the government for the public sector banks reeling under the pressures of non-productive loans, have been implemented successfully as Union Finance Minister Nirmala Sitharaman claimed that 13 banks had declared profits in the first six months of this year. The Finance Minister gave this information after the meeting with […]
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London: Former chief of British intelligence cautioned that “the United Kingdom will emerge stronger by accepting a No Deal Brexit, rather than following the agreement signed by Prime Minister Theresa May with the European Union (EU). In an open letter signed by 33 honourable members of the industry and education sector, which was published in […]
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New Delhi: “We have heard song ‘Dakiya dak laya’. From now, along with dakiya dak laaya, dakiya bank bhi laaya. Many thought technology had threatened the existence of the postal department and that postmen would lose their livelihood. The growing pace of technology in communication threw a challenge. We used technology as a base to […]
Read More »Brussels: ‘The Bank for International Settlements’ (BIS) has warned that the Chinese banking industry is on the brink of a major calamity. The credit-to-GDP gap; and the debt of the Chinese economy will be the two factors responsible for this crisis, said the warning. This warning issued by ‘The Bank for International Settlements’ to China […]
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Rome/Brussels : European economists and analysts have claimed that as the Italian banking sector is overburdened with a debt of 350 billion, the Italian economy could also tumble down like that of Greece. The Italian economy is the 3rd largest economy in the ‘Eurozone’. The instability of this economy may lead to uncertainty in the entire […]
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New Delhi (PTI): The central government is planning vital steps to consolidate public sector banks in order to strengthen them. On account of this 27 public sector banks would be merged and reduced to form 4 to 5 strong banks. It is been said that in the current financial year to start this process, five […]
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London/Washington/Copenhagen: Gold prices have hit new highs in the last four years. The price of gold will jump to new heights this year, claimed analysts at Europe’s Saxo Bank. On Monday, gold prices jumped to more than two thousand dollars an ounce on the backdrop of tensions in the Gulf and a possible decision by […]
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Washington: The Federal Reserve’s report revealed that with the US citizens withdraw $78 billion from banks in just one week having withdrawn $78 billion from banks in just one week, it has emerged that the US Banking sector crisis is not yet over. In April, people withdrew $100 billion from the leading bank, First Republic. […]
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