Banking

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    China & Gulf expansion to boost Trade Bank of Iraq’s revenues: chairman

    Reuters . Abu Dhabi | Updated at 12:00am on July 08, 2019

    State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to...

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    PNB says detects 38b rupee fraud

    Reuters . Mumbai | Updated at 12:00am on July 08, 2019

    The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power &...

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    India’s cautious budget puts onus on central bank to spur growth

    Reuters . New Delhi | Updated at 12:21am on July 07, 2019

    The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging...

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    India to closely monitor NBFCs: minister

    Reuters . New Delhi | Updated at 12:19am on July 07, 2019

    India will closely monitor its shadow lending sector, the finance minister said on Saturday, a day after announcing the central bank would get much more...

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    Turkey fires central bank chief as policy differences deepen

    Reuters . Ankara | Updated at 12:17am on July 07, 2019

    Turkey on Saturday fired its central bank governor as policy differences between the government and the bank deepened in the face of an economic slump,...

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    China’s EXIM bank chief seeks faster yuan globalisation

    Reuters . Beijing | Updated at 12:13am on July 07, 2019

    The chairwoman of China’s Export-Import Bank on Saturday called for an acceleration of reforms to internationalise the Chinese currency, warning that external risks linked to...

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    India plans $10b bank recapitalisation

    Reuters . Mumbai/New Delhi | Updated at 12:01am on July 07, 2019

    The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders...

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    Europe needs to find candidate to head IMF: France

    Reuters . Aix-En-Provence | Updated at 12:00am on July 07, 2019

    European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French finance minister Bruno...

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    ADR of pvt banks rises to 86.2pc in March

    HM Murtuza | Updated at 12:00am on July 06, 2019

    Advance-to-deposit ratio (ADR) of the country’s private commercial banks increased further by 0.3 percentage points at the end of March this year amid a slow...

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    Morshed elected Mercantile Bank chairman

    Business Desk | Updated at 12:00am on July 05, 2019

    Businessman and member of parliament Morshed Alam was elected as the chairman of Mercantile Bank at the bank’s 345th board meeting on Thursday, said a...

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