Commercial banks

Commercial banks in Ethiopia have performed well

Governor of the National Bank of Ethiopia, however, warns of impending strong competition from expatriate banks Yinager Dessie, Governor of the National Bank of Ethiopia (Photo: EBC) bokena The National Bank of Ethiopia said on Tuesday that Ethiopian commercial banks had shown better performance over the past four years despite …

Read More »

Nonprofit ‘tired of the race around’ local commercial banks

By YOURI KEMP Tribune Business Journalist [email protected] The Central Bank governor said there is a “minimum standard” for financial institutions to issue bank accounts for non-profit organizations. Raquel Thurston, program manager for Abaco Strong, told Tribune Business that she was “tired of chasing” her non-profit organization receiving commercial banks in …

Read More »

Consumer loans from Saudi commercial banks in June rise 13% to $118.9 billion

CAIRO: Consumer lending by Saudi commercial banks rose 13% to SR445.8 billion ($118.9 billion) on June 30, 2022, from SR394.2 billion on the same day on last year, the Central Bank of Saudi Arabia, also known as SAMA, revealed. . This growth, however, pales in comparison to the 17.4% growth …

Read More »

Saudi commercial banks’ June deposits rose 8.7%, their highest level in 16 months

Focus on India – Trade with Russia and Sri Lanka expected to reach $9 billion; Bajaj Finance will issue 3-year bonds RIYADH: India expects two-way trade worth up to $9 billion with Russia and Sri Lanka in the next two months after allowing international trade in rupees, Indian secretary has …

Read More »

The role of commercial banks in the economy

Many people share a reasonably basic view of banks. They are places to buy money, make primary investments like term deposits, sign up for a credit card, or get a mortgage. Behind this mundane view, however, lies a highly regulated system that reconnects our day-to-day banking operations to the larger …

Read More »

Commercial banks urged for long-term financing of manufacturing sector

Commercial banks should consider providing long-term financing to manufacturing and SMEs if the latter want to recover from the effects of the Covid-19 pandemic. This was during the annual bankers conference which kicked off in Kampala on Monday, July 25, 2022. Several panelists said that in the wake of the …

Read More »

Commercial banks urged to provide long-term finance to manufacturing sector

Commercial banks should consider providing long-term financing to manufacturing and SMEs if the latter want to recover from the effects of the Covid-19 pandemic. This was during the annual bankers conference which kicked off in Kampala on Monday, July 25, 2022. Several panelists said that in the wake of the …

Read More »

7 African countries with the most commercial banks

Of all these different types of banks, commercial banks seem to be the ones that are always at the center of all banking discussions. And that’s because of the crucial role they play in every economy. For example, they help create capital, provide credit facilities and maintain liquidity in every …

Read More »

Commercial banks stifle growth of CBDCs –CBN – The Sun Nigeria

By Chinwendu Obienyi Month after launching the digital currency eNaira, the Central Bank of Nigeria (CBN) criticized commercial banks for its lack of adoption. This was even as the apex bank revealed that it was set to conclude trials with MTN Nigeria to provide a channel where the unbanked can …

Read More »

Indira Gandhi nationalized 14 commercial banks on July 19, 1969.

Some of these banks included Bank of Baroda, Allahabad Bank, Canara Bank, Central Bank of India and Punjab National Bank. Representative photo: iStock Fifty-three years ago on this day – July 19 – then Prime Minister Indira Gandhi announced the nationalization of 14 major commercial banks, which held 85% of …

Read More »

Commercial bank deposits jump 20.20% in Q1 2022

Nigerian banks received a combined deposit of N48.64 trillion naira from customers across different types of accounts in the first quarter (Q1) of 2022, or 20.20% above the N40.47 trillion collected during the comparable period of 2021. Analysis of total deposits received from customers by account type for Nigerian lenders …

Read More »

Commercial banks resume payment of dividends

Anne Juuko, Managing Director of Stanbic Bank Uganda. Picture file Kampala, Uganda | THE INDEPENDENT | Shareholders of banking services companies will start receiving dividends for their investments within a month, for the first time since 2019. Stanbic Bank Uganda and Bank of Baroda will be the first to pay …

Read More »

Reduce “ridiculous” high interest rates – Kennedy Agyapong to commercial banks

Kennedy Agyapong, MP for Assin Central The cost of credit remains high in Ghana – Report Development Bank Ghana launched to support specific sectors DBG must deal directly with companies – Kennedy Agyapong Businessman, Kennedy Agyapong has called on commercial banks operating in the country to cut their interest rates …

Read More »

“Ghana’s commercial banks are not supporting agriculture enough”

Ghana’s Minister of Agriculture, Owusu Afriyie Akoto, said that although the government had done its best to boost food production by subsidizing the prices of agricultural inputs, such as chemicals, banks had not granted enough loans to complete this effort. This, according to the minister, had made the prices of …

Read More »

World Bank Says Nigeria’s Central Bank’s Low-Interest Loans Are Undermining Commercial Bank Funding In Certain Sectors

The World Bank has said the Central Bank of Nigeria’s low interest lending undermines commercial banks that lend on a risk-adjusted pricing basis and must be curtailed This was revealed by the World Bank in a document titled “Nigeria Development Update (June 2022): The Continuing Urgency of Unusual Cases.’ The …

Read More »

Sri Lankan Commercial Bank Rupee Quotation Drops Slightly Amid Trade Gloom

ECONOMYNEXT – Three deaths have been reported due to prevailing weather conditions in Sri Lanka with the onset of the southwest monsoon. Heavy rains are expected to continue in the western, southern and southwestern provinces of the country, officials from the Disaster Management Center (DMC) said. Due to heavy rains …

Read More »

fixed deposit rate increased by many commercial banks after reserve bank of india increased repo rate

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit the zeenews.india.com websites …

Read More »

Commercial Banks Five Ways to Grow Your Business and Cut Costs

In today’s complex and rapidly changing environment, companies face the same challenge: to grow their business while reducing their expenses. In this blog, we will review five ways commercial banks are approaching these cost savings for the municipal segment. Finding new lending and investment opportunities through municipal market prospecting Finding …

Read More »

Cooperative banks allowed more business on par with commercial banks

Cooperative banks will be eligible for more services on an equal basis with commercial banks. Besides tightening limits on home loans, some will now be allowed to lend to commercial real estate. In addition, urban cooperative banks will also be allowed to offer home banking services to their customers. “In …

Read More »

liabilities and net worth of commercial banks? – ictsd.org

The main source of bank liabilities is its capital (including cash reserves and, in many cases, subordinated debt). This can come from a domestic or foreign source (corporations and businesses, individuals, other banks and even governments). How much is commercial banking worth? the commercial bank in US market size in …

Read More »

Ghana: Commercial Banks Show Resilience Despite Inflation and Currency Depreciation

(Ecofin Agency) – Ghana’s economy is currently affected by high inflation and a weak currency. Commercial banks have resisted so far, but it is uncertain whether their performance will remain as strong as in 2021. Despite the current economic environment, commercial banks operating in Ghana are showing signs of resilience. …

Read More »

Commercial banks develop their own characters to attract customers

This photo from Kakao Bank shows its debit cards. SEOUL, June 2 (Korea Bizwire) — South Korean financial firms are stepping up efforts to promote their own personas based on the judgment that they would help attract more customers. Among the famous figures in the banking sector is the polar …

Read More »

The main liabilities of commercial banks are ? – ictsd.org

The bank’s most significant liabilities are capital (mainly cash reserves and, in some cases, subordinated debt) and deposits. It can be obtained from domestic or foreign sources (companies, businesses, individuals, other banks and even governments). What is the greatest responsibility of a commercial bank? The bank is most vulnerable to …

Read More »

US Commercial Banks Report 22% Drop in Overall Net Profit for Q1 2022

Changes in banking are now happening at an accelerating pace, a bank is now seeing changes in a year that took decades to materialize. These changes are reflected in loan-to-deposit ratios as well as what is on banks’ balance sheets, which in turn influences bank performance. Banking sector quarterly net …

Read More »

Commercial bank deposits rise 2.4% to QR 967.7 billion in March

Doha: Qatar’s banking sector continued to record robust growth in March as the country’s commercial banks recorded an increase in deposits and credit facilities, according to the latest data released by the Planning and Statistics Authority (PSA). According to the report, cash equivalents including commercial bank deposits in Qatar stood …

Read More »

Commercial banks spend N536 billion on staff salaries, wages, EcoBank, Access lead

Data shows that 11 Nigerian banks in 12 months incurred more than N536.09 billion on salaries and wages of their staff. The figure was obtained from the annual results of banks submitted to the Nigerian Stock Exchange. Banks surveyed include Eco Bank, First City Monument Bank (FCMB), Fidelity Bank, Guaranty …

Read More »

RBI updates LCR guidelines for commercial banks

Banks can include government securities worth up to 16% of their NDTL in their LCR calculations, up from 15% under previous guidelines. Access today Sign up for a 2 week free trial and get instant, unrestricted, unrestricted access to Regulation Asia. FREE TRY Already taken your free trial? Contact our …

Read More »

Commercial bank deposits hit QR 964 billion in February

The banking sector in Qatar showed resilience and recorded growth in February. Commercial banks in Qatar saw an increase in deposits and credit facilities year-on-year in February 2022 according to data from the Planning and Statistics Authority.Public sector deposits stood at QR 279.5 billion in commercial banks in February 2022, …

Read More »

Commercial banks remain competitive but cautious in CRE

With so many lenders vying for commercial real estate transactions, commercial banks have had to become more flexible and offer financing structures that match their rivals. KeyBank, for example, offers financing formulas similar to those offered by private equity firms and life insurance companies. This includes on- and off-balance sheet …

Read More »

Commercial banks were denied access to unsecured credit worth 227 billion/-

The results of the audit of the annual report for the financial year 2020/21 indicate that applications from commercial banks have been received by the Bank of Tanzania (BoT) for the assessment, credit assessment assessment of l financial institution and project due diligence was performed as required, however, guarantees were …

Read More »

US Department of Energy steps in when ‘commercial banks are too timid’ – Jigar Shah

➤ The U.S. Department of Energy’s Office of Lending Programs wants to advance President Joe Biden’s decarbonization goals by supporting critical mineral technologies. ➤ The DOE has expanded its criteria under the program to support critical mineral processing projects in an effort to increase the national supply of battery materials. …

Read More »

North Korea moves to prevent regional commercial banks from setting high interest rates

The International Commercial Bank in Rason (Daily NK) North Korea is preventing regional commercial banks from setting high interest rates, Daily NK has learned. A Daily NK source in Pyongyang said on Tuesday that the Cabinet issued “guidelines” on April 9 outlining the direction provincial commercial banks should follow in …

Read More »

Navigating Terra Nova: The Role of Commercial Banks in a Future CBDC Ecosystem

What could the issuance of retail CBDCs mean for the role of commercial banks? the European Banking Association explores where commercial banks could offer compelling value propositions in a future CBDC ecosystem The global payments landscape has undergone a dramatic transformation over the past decade. Mobile payments have exploded in …

Read More »

Commercial banks in Odisha to extend credit of Rs 5 crore at SHG 2.62 lakh till January – The New Indian Express

By Express press service BHUBANESWAR: Commercial banks operating in the state have extended credit support of Rs 5,635.30 crore to over 2.62 lakh Women Self Help Groups (WSHGs) in the state till the end of January 2022. The state government has set the annual credit link target for the current …

Read More »

It takes two for Tango – Central banks and commercial banks, partners in managing climate change

There were two fundamentals that I covered in my previous blog Managing climate change – who owns it anyway. The first is the definition of boundaries with clear responsibility/responsibility for the main stakeholders and the second is the need for smooth collaboration between them. Central banks and commercial banks are …

Read More »

Commercial banks tighten home loans | Company

A customer at a Sacombank branch. Sacombank recently ordered its branches and representative offices not to finance the real estate sector until the end of June. (Photo: sacombank.com.vn) Hanoi (VNS/VNA) – Some banks have temporarily stopped lending to the real estate sector in the short term following the State Bank …

Read More »

Mongolian commercial banks impose limits on daily volume of foreign exchange transactions

Ulan Bator, April 12 (IANS): Mongolian commercial banks have imposed limits on foreign exchange transactions amid the country’s dwindling foreign exchange reserves due to the Covid-19 pandemic and the ongoing conflict between Russia and Ukraine. Mongolia’s foreign exchange reserves fell to $3.3 billion on Tuesday, down $1.2 billion from …

Read More »

Blended Finance: How are Commercial Banks Closing the Bankability Gap?

Mobilizing private capital through high-volume blended finance transactions is one of the main ambitions of development finance, especially for climate finance projects, as developed countries lag behind to their Nationally Determined Contributions (NDCs) of $100 billion a year. Among development banks, blended finance has been a buzzword since 2015, but …

Read More »

CBN Goes After Commercial Banks Still Processing Cryptocurrency Transactions, Fines Them N800 Million

Three Nigerian banks have been charged by the Central Bank of Nigeria for facilitating cryptocurrency transactions CBN is angry that despite its guidelines prohibiting commercial banks from dealing with cryptocurrency, they have been flouted Stray banks will now have to pay a total fine of N800m with a stern warning …

Read More »

Assessment of NIRSAL’s credit guarantor role with commercial banks

With more than 73 billion naira mobilized so far in the agricultural value chain while acting as guarantor of facilities for commercial banks, NIRSAL Plc is reinventing banks interest in agricultural loans, reports ABDULWAHAB ISA Previously, banks were wary of extending credit facilities to agricultural enterprises. It was an area …

Read More »

Rs2.02 Lakh Crore Bad loans written off by commercial banks scheduled in FY21 : Government

All Regular Commercial Banks (SCBs) operating in India accumulated loan cancellations of Rs2,02,781 crore in FY20-21. As expected, Public Sector Banks (PSBs) are leading the pack and have written off bad debts worth Rs 1,31,894 in FY20-21, the Rajya Sabha has been informed. In a written response, Dr Bhagwat Karad, …

Read More »

Commercial banks raise interest rates on deposits | Bank and finance

Illustrative photo In particular, from the end of March, the Orient Commercial Joint Stock Bank (OCB) increased the interest rate on online deposits by 0.6% in six months to 6.2% per annum, while interest rates on online deposits in nine months and 12 months were raised. at 6.4% and 6.5%, …

Read More »

Representative panel uncovers N300bn of ‘unclaimed funds’ in commercial banks

A House of Representatives committee said it discovered 300 billion naira of “unclaimed funds” in some banks across the country. Unyime Idem, chairman of the ad hoc commission to investigate “suspicious and unclaimed funds” in various commercial bank accounts, disclosed on Wednesday. The committee was inaugurated by the Lower Legislative …

Read More »

More than 300 billion naira in failed transactions suspended in commercial banks: Representatives

The House of Representatives Ad Hoc Committee on Unclaimed Funds in Commercial Banks in Nigeria has discovered over N300 billion trapped in banks. The chairman of the committee, Uyme Idem, said in Abuja on Wednesday that the amount represented a fraction of unclaimed funds in commercial banks. Mr Idem said …

Read More »

RBF reports that in December 2021, commercial banks set aside $185.9 million as loan provisions

RBF reports that in December 2021, commercial banks set aside $185.9 million as loan provisions The Reserve Bank of Fiji reports that in December 2021, commercial banks made provisions of $185.9 million for loans that were identified as having some element of non-compliance with the conditions for which they were …

Read More »

Backed by local commercial banks and institutional investors, ThriveAgric raises $56.4 million to accelerate pan-African expansion plans

Founded in 2017 (and fully operational since 2018), ThriveAgric enables Nigerian farmers to sell their produce to FMCGs and food processors, leveraging its proprietary technology to access finance and improve productivity and sales to promote safety eating. Farm Operating System (AOS) technology operates entirely offline, sending USSD to farmers and …

Read More »

FIA intervenes after commercial banks refuse to extend credit limits to WTOs and refineries

ISLAMABAD: After commercial banks showed their reluctance to extend credit to Petroleum Marketing Companies (OMC) and refineries, the Federal Investigation Agency (FIA) stepped in and provided support to commercial banks to carry out banking operations with the WTO. Following an investigation by the FIA ​​against National Bank of Pakistan (NBP) …

Read More »

Commercial banks expect to expand foreign room | Business

According to the Securities Depository Center, out of 30 publicly traded commercial banks, only 15 have a foreign ownership rate above 15%. Among them, many commercial banks listed in the market are almost short or short of foreign place, such as VietinBank, Vietcombank, MB, ACB, ABBank, Eximbank, MSB, OCB, Techcombank, …

Read More »

The Competition Commission investigates commercial banks

The Namibian Competition Commission this week launched investigations against local commercial banks and the Bankers Association of Namibia for fixing interchange rates, possible discriminatory behavior in the provision of insurance for home loans, unfair pricing of certain ancillary services and discrimination in the granting of housing loans to customers belonging …

Read More »

Ecobank leads as 10 commercial banks spend over N400bn on salaries and staff wages in 12 months

Working in banking is a dream for many Nigerian graduates as they believe there is a lot of money to be made And indeed there are, as 10 commercial banks paid workers wages and salaries of over 400 billion naira in 2021 The amount entered in this report only covers …

Read More »

Zenith leads as seven commercial banks withdraw over N75 billion from customer accounts as maintenance fees

Account maintenance fees are levied on all debit transactions initiated by the customer, and the bank collects these fees at the time of the transaction The investigation revealed that more than seven commercial banks collected more than N75 billion in customer account management fees. The account maintenance fee tax has …

Read More »

Commercial banks bullish on economy despite fears…

You would never know how worrisome South Africa’s short-term economic outlook is from looking at the latest financial results from the country’s major banks. FirstRand (owner of ETFs, WesBank and RMB), Standard Bank and Absa have released financial results in recent days, which indicate that their operations have recovered from …

Read More »

South Sudan’s apex bank reduces currency auctions to commercial banks

banks The Central Bank of South Sudan announced on Friday that it has reduced its weekly amount of foreign exchange auctions to commercial banks and money changers, citing the scarcity of the South Sudanese pound (SSP) in the market. Moses Makur Deng, Governor of the Bank of South Sudan, said …

Read More »

Commercial banks tear up Iqbal Survé’s claims of c…

SA’s biggest commercial banks have defended their decision to review or completely end their banking relationships with companies linked to Iqbal Survé, saying the treatment of his business empire was not unusual or outside normal banking practice. , especially when it came to high profile people and risky clientele. And …

Read More »

CBN moves to enable commercial banks to meet foreign exchange needs

The Central Bank of Nigeria (CBN) is proposing a new initiative called RT200 PX which will compel commercial banks to source for their foreign exchange needs through the promotion of non-oil exports as a means of deepening the diversification of the economy as well as strengthen the country’s foreign exchange …

Read More »

Commercial bank borrowing from CBN falls for second consecutive month

Commercial bank borrowing from the Central Bank of Nigeria for the second consecutive month fell and now stands at N666 billion CBN revealed this in its latest financial data published on its website and obtained by Ripples Nigeria. Banks and merchant banks often access the CBN’s Standing Lending Facility (SLF) …

Read More »

Commercial banks, authorized stockbrokers in Lebanon to trade currencies

BEIRUT: The Central Bank has decided to launch its own electronic exchange platform to record all transactions with the help of commercial banks and licensed currency traders, the president’s office announced on Friday. The move was part of an effort by BDL to reduce the Lebanese pound’s exchange rate against …

Read More »

Most Valuable Commercial Banks in Nigeria in February 2022

Zenith Bank has cemented its position as the most capitalized financial institution listed on the Nigerian stock market, having earned N32.97 billion in the month of February 2022 to close the month at N850.85 billion. This is according to data collected by Nairalyticsthe Nairametrics research arm of the Nigerian Exchange …

Read More »

Niger government recovers 300 million naira in tax payment from commercial banks, AEDC

The Nigerian government said it had recovered around 300 million naira as a tax payment from some commercial banks and the Abuja Electricity Distribution Company (AEDC) that owed the state government. Chairman of the State Internal Revenue Board, Mr. Mohammed Etsu made the revelation when he appeared before members of …

Read More »

Commercial banks raise interest rates on deposits, businesses face difficulties | Business

Commercial banks raise interest rates on deposits, businesses face difficulties. (Photo: SGGP) Increase in demand for capital Since the Lunar New Year, to mobilize people’s idle money, many commercial banks have increased their interest rates on savings by 0.2-0.8% per year, mainly for terms longer than six months. . The …

Read More »

Suspected armed robbers attack 3 commercial banks in Edo – The Sun Nigeria

From Tony OsauzoBenign armed men suspected armed robbers last night allegedly launched simultaneous coordinated attacks on three commercial banks in Uromi, the headquarters of the northeast Esan Local Government Area in Edo State. The armed men, who reportedly came in large numbers and several vehicles, allegedly attacked the banks with …

Read More »

Suspected armed robbers attack 4 commercial banks in Uromi, kill 2 policemen and 5 civilians ‎

By Tony Osauzo, Benin Last night, gunmen suspected of being armed robbers reportedly launched simultaneous coordinated attacks on three commercial banks in Uromi, the headquarters of the northeast Esan Local Government Area in Edo State. The gunmen who reportedly came in numbers and several vehicles attacked First Bank, UBA, Zenith …

Read More »

Commercial banks extended N5 billion loan to private sector in 2021 —CBN

Nigerian banks extended 5.1 trillion naira in credit to private sector actors in 2021, with total credit to the private sector now standing at 36.7 trillion naira. The figure is in line with the latest money and credit statistics from the Central Bank of Nigeria (CBN) published on its website. …

Read More »

Private sector borrowing from commercial banks hit N36.7 trillion – CBN

The Central Bank of Nigeria, CBN, has revealed that the country’s private sectors borrowed as much as N5.1 trillion naira from commercial banks in 2021. The apex bank in its Money and Credit Statistics published on its official website noted that total credit to the private sector now stands at …

Read More »

Commercial banks extended N5trn loan to private sector in 2021 —CBN – Igbere TV

Nigerian banks extended 5.1 trillion naira in credit to private sector players in 2021, with total credit to the private sector now standing at 36.7 trillion naira, reports IgbereTV. The figure is in line with the latest money and credit statistics from the Central Bank of Nigeria (CBN) published on …

Read More »

BoG urged to regulate commercial bank interest rates to reduce cost of credit

Rising interest rates in the money market Rising interest rates in the money market Reduce domestic borrowing, Dr Peprah in government Banks should focus on lending to industries Ghana’s central bank has been asked to cap commercial bank interest rates to reduce the cost of borrowing in the country. Chief …

Read More »

CBL and commercial banks sign a memorandum of understanding

The Central Bank of Liberia (CBL) and commercial banks have signed a Memorandum of Understanding committing the parties to closely coordinate the implementation of CBL’s currency switch plan. The MoU, signed on Wednesday, February 9, 2022, commits CBL to regularly share information with commercial banks on the replacement of legacy …

Read More »

No hiding place for debtors as CBN changes rules giving commercial banks unlimited power to collect bad debts

In order to ensure that the number of non-performing loans in the country is kept to an absolute minimum, the Central Bank of Nigeria has amended its loan recovery loan The amended rule gives commercial banks unlimited power to ensure that customers who have accessed loans repay The CBN said …

Read More »

CBN to end currency sales to commercial banks in 2022 – Blueprint Newspapers Limited

CBN Governor Godwin Emefiele The Central Bank of Nigeria (CBN) has warned depository banks (DMBs) that it will stop selling foreign exchange to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers Committee meeting where he …

Read More »

SBP penalizes five commercial banks

CARACHI: The Central Bank of Pakistan has fined five commercial banks Rs 57.8 million for violating rules and regulations during the quarter ended December 31, 2021. Citing the nature of the breach committed by the banks, the central bank said they had committed “a breach of regulatory instructions relating to …

Read More »

Accountant General talks about ‘Government money withheld by commercial banks’

the General Account Office said he was unaware of the location of the 1.2 trillion naira belonging to the federal government which the banks refused to release despite several directives requiring them to do so. During Monday’s investigative hearing into unclaimed funds held by an ad hoc committee of the …

Read More »

Representatives Begin Investigation of FG’s Unclaimed N1.2trn Funds in Commercial Banks

The House of Representatives on Monday began investigations into unclaimed Federal Government funds in commercial banks across the country, as did the House Ad Hoc Committee on Unclaimed Funds in Nigerian Commercial Banks and Central Bank Offenses. of Nigeria (CBN) was inaugurated on Monday. Speaking at the inauguration of the …

Read More »

Commercial banks rule the roost

KARACHI: Now the government will be forced to take expensive loans from commercial banks for budget financing or any other need, because a controversial new law has banned it from obtaining loans from the country’s own central bank. The amendment of the State Bank of Pakistan (SBP) Act 1956, through …

Read More »

Most Valuable Commercial Banks in Nigeria in January 2022

At the end of January 2022, Zenith Bank, GT Bank and Stanbic IBTC Holdings retained the top spot among the largest commercial banks in Nigeria, with the market capitalization of the thirteen listed Nigerian banks increasing by 194.5 billion naira in the month under review. . This is according to …

Read More »

Planned commercial banks will install 75 digital units in 75 districts

By 2022, 100% of the 1.5 lakh post offices will be attached to the central banking system. New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of the digital rupee to be issued by the Reserve Bank of India from 2022-23 along with the establishment of 75 …

Read More »

75 digital banks to be set up by commercial banks in 75 districts

In her Budget 2022 speech, the Minister of Finance said that the financial support for the digital payment ecosystem announced in Budget 2021 will continue in 2022-23. New Delhi: After the demonetization of 2016 and the COVID crisis, digital bankdigital and fintech payments innovations have accelerated in the country. The …

Read More »

Commercial banks planned to set up 75 digital banks in 75 districts: FM

Planned commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union budget 2022-23, she also said that electronic passports with embedded chip would be rolled out. In addition, the Minister of …

Read More »

West Bank Bank | National commercial banks | Ludington, MI

Making a real difference since 1898. For more than a century, we have remained committed to helping people and businesses in the West Shore community improve their financial well-being. As a local business, we employ over 100 people in nine full-service banking offices in Mason, Oceana, Manistee, Benzie and Grand …

Read More »

Representatives investigate CBN, commercial banks over unclaimed funds, breaches

The House of Representatives on Wednesday unveiled its intention to investigate the activities of the Central Bank of Nigeria (CBN) and commercial banks operating in the country regarding unclaimed funds and offences. To this end, the House created an ad hoc committee chaired by the Honorable Unyime Idem. The resolution …

Read More »

Gehlot orders commercial banks to halt farmers’ land auction process over payment default

Rajasthan Governor Kalraj Mishra has withheld passing various bills relating to farmers and their rights to the President of India for over a year now, much to the annoyance of the Congress government led by Ashok Gehlot in the state. “I don’t know under what pressure the governor is sitting …

Read More »

Blockchain technology for commercial banks

Opportunities Decentralization, distributed accounts, smart contracts and other features of blockchain technology will rebuild the existing centralized financial infrastructure. First, based on the decentralization of blockchain technology, the transaction, clearing and settlement processes in the financial system will directly realize reliable point-to-point exchange of value without a central clearing system, …

Read More »

Turkey advises commercial banks not to distribute dividends in 2021 – Middle East Monitor

Turkey’s banking regulator advised commercial banks not to distribute profit dividends in 2021, when a currency crash eroded banks’ cash reserves, Bloomberg News Agency quoted informed sources. According to the report, the sources said the regulator passed its recommendation to the banks through the Turkish Banking Association. Now the banks …

Read More »

Budget 2022: cooperatives seek a level playing field with commercial banks

From parity in tax treatment to being allowed to participate in central government schemes, cooperative banks look to the Union budget to provide a level playing field with commercial banks. In a pre-budget memorandum to the government, Sahakar Bharati, an organization of cooperative societies, said that there were many …

Read More »

Why commercial banks are a disaster in the making and what you can do about it

Abbott and Costello’s famous skit “Who’s first, what’s second, I don’t know is third” encapsulates the current state of hot potatoes in the bond markets. Of course, we know who is the first. Which? Exactly. The Fed. The Fed holds more Treasuries than any other central bank in the world. …

Read More »

Swiss central bank completes CBDC settlement pilot project with commercial banks

The Swiss National Bank (SNB) has successfully completed a pilot test in which it integrated its central bank digital currency (CBDC) wholesale settlement with commercial banks. The bank partnered with the Bank for International Settlements and five commercial banks for the pilot project. As part of the Helvetia project, SNB …

Read More »

ECLGS: increase in credit withdrawals from regular commercial banks to the MSME sectors : CMIE

Credit drawdown from regular commercial banks to medium, micro and small industrial enterprises has skyrocketed in recent months under the government’s Emergency Credit Line Guarantee (ECLGS) scheme, the Indian Economy Monitoring Center said. “The takeoff is sudden and it’s relatively large and the only set of businesses to see an …

Read More »

MSMEs: Increase in drawdown of credit from regular commercial banks to MSME sectors: CMIE

Credit drawdown from regular commercial banks to medium, micro and small industrial enterprises has skyrocketed in recent months under the government’s Emergency Line of Credit Guarantee (ECLGS) scheme, the Indian Economy Monitoring Center said. “The takeoff is sudden and it’s relatively large and the only set of businesses to see …

Read More »

Government borrowing from commercial banks increases 23% in nine months to 2.1 billion naira

The three levels of government approached the Laons Commercial Bank to finance various projects across the country This continued borrowing saw the amount of loans from banks increase by more than 23% from January to September. Besides the private sectors of the government operating in agriculture, education, oil and gas, …

Read More »