• Images

    Akram, Selim become Mercantile Bank vice-chair

    Business Desk | Updated at 12:00am on July 08, 2019

    Akram Hossain (Humayun) and Mohd Selim have been elected as vice-chairmen and Shahidul Ahsan as the executive committee chairman of Mercantile Bank recently, said...

  • Images

    Erdogan says Turkish cenbank chief ousted for refusing rate cuts: report

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

    Turkish president Tayyip Erdogan sacked the central bank governor for refusing the government’s repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as...

  • Images

    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...

  • Images

    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 &...

  • Images

    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...

  • Images

    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...

  • Images

    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,...

  • Images

    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...

  • Images

    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...

  • Images

    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...