by Jibran Munaf | August 10, 2024 | Banking, Banking Regulations, Finance, News
A bill aimed at allowing bank account holders to nominate up to four individuals was introduced in the Lok Sabha on Friday to ensure better protection for depositors and enhance customer convenience. The Banking Laws (Amendment) Bill, 2024, introduced by Minister of...
by Jennifer George | August 9, 2024 | Banking, Banking Regulations, Fintech, News
Ziina, the UAE’s leading financial platform supporting consumers and entrepreneurs, announces that it has secured the Stored Value Facility (SVF) license from the UAE Central Bank. This marks a significant milestone for Ziina, enabling it to rapidly expand its range...
by Vasu Jit Kalia | July 25, 2024 | Banking Regulations
Mumbai, July 24 (IANS) The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services. In a circular issued on Wednesday, the RBI stated that in the case of cash pay-out service,...
by Vasu Jit Kalia | July 15, 2024 | Banking Regulations
The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) hit around AED6.12 trillion in the first four months of 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The banking operations...
by Jibran Munaf | July 8, 2024 | Banking, Banking Regulations, Central Banks
The bond trade that some of Wall Street’s biggest banks say will dominate the rest of 2024 is gaining steam before a crucial inflation reading that will help seal the wager’s fate. The bet — that the US yield curve will normalize toward a steeper slope — is suddenly...
