BW Communities

Articles for Banking

Goldman Sachs Profit Slumps; Legal Settlement Adds To Pain

Goldman has struggled as plummeting oil prices, concerns about China's economy, and nervousness about the timing and pace of US interest rate increases weigh on credit markets

Read More
IMF Opens Search For Top Job; Lagarde Has Offered To Serve Again

Christine Lagarde's initial five-year term as managing director expires on July 5, and IMF executive board member Aleksei Mozhin says he expects the board to complete its selection process by early March

Read More
Axis Bank Sees Bad Loans Surge On RBI Move

The RBI has asked banks to treat some loan accounts as non-performing even if they haven't yet delayed payments beyond 90 days

Read More
India Fails To Secure Vice Presidency Of China-Backed AIIB

AIIB wanted to avoid the patron of allotment of posts followed by the BRICS New Development Bank, under which posts were decided by rotation, says an Indian official

Read More
SBI Starts Wealth Management Unit, Branch For Startups

The wealth management unit and the first bank branch for start-ups will begin operations from technology hub Bengaluru

Read More
HDFC's New Fund Plans Logistics Foray, Targets Raising $500 Million

Housing Development Finance Corp will target raising $500 million from offshore investors for domestic property projects, including in warehousing and logistics

Read More
India Largest Recipient Of World Bank Loans Over 70 Years

The Ministry of Finance tabled an updated figure of $103 billion (IBRD—$53 billion and IDA—$50 billion) in a reply to the Lok Sabha (Parliament’s lower house) last month.

Read More
IndusInd Bank Ties Up With PayU To Ramp Up Online Banking Facilities

The two partners have signed a MoU covering this joint strategic vision, and announcements about the new products and services under this partnership are expected to be announced in the next four to six months.

Read More

Subscribe to our newsletter to get updates on our latest news