The transaction, for which the fee remains undisclosed, follows HSBC's decision to exit the Russian market, a move that was set in motion in February when Russian President Vladimir Putin granted approval for the sale to Expobank
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AFAC serves as a voluntary platform that brings together diverse stakeholders within Africa's financial sector, including regulators, policymakers and civil society, to collectively address climate change and promote sustainable finance
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Additionally, the initiative includes provisions to expand internet-based services and enhance private companies' capabilities to engage in specific financial transactions
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The award follows a rigorous evaluation process involving a panel of financial experts who assessed various criteria, including asset growth, profitability, customer service quality, strategic partnerships and product innovation
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The Deputy Governor of RBI Swaminathan Janakiraman says that the ARCs are becoming a warehouse of the stressed assets while the original lenders continue to handle collection
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These bonds provide a regular income, but with the interest rates expected to go down, they make sense only if you are looking for a regular income
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With notes on what the customer can expect and what the insurers need to do, it provides health insurance customers with a greater clarity and control
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Bambawale emphasised the bank's commitment to excellence in managing risks but conceded occasional lapses, taking ownership of the identified deficiencies in the AML programme
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