by Vasu Jit Kalia | July 19, 2024 | Retail Banking
Mumbai, July 19 (IANS) The money from Indians working overseas that come into NRI deposits of banks surged more than 4-fold to $2.7 billion in April-May this year compared to $0.6 billion in the same period last year, strengthening the country’s foreign exchange...
by Vasu Jit Kalia | July 19, 2024 | Banking, Central Banks
ABU DHABI, 18th July, 2024 (WAM) – Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the second quarter of 2024 (Q2’24). Strong performance in H1’24 driven by double-digit YoY growth in net interest income and non-interest income in the...
by Vasu Jit Kalia | July 18, 2024 | Investment Banking
The Securities and Exchange Board of India (Sebi) had floated a consultation paper on introduction of ‘New Asset Class’ on Tuesday. The aim of introducing this asset class is to bridge the gap between mutual funds and Portfolio Management Services (PMS) in...
by Jennifer George | July 18, 2024 | Banking, Breaking, News, Trending Now
The first half of 2024 showed great promise for Emirated NBD, which delivered a record profit of AED 13.8 billion. The bank credits increased lending across its regional network and substantial impaired loan recoveries for these profit projections. The Dubai...
by Vasu Jit Kalia | July 17, 2024 | Central Banks
Al Maryah Community Bank (Mbank), a digital bank in the UAE, has announced its collaboration with First Abu Dhabi Bank (FAB) to expand Mbank’s geographical network. In a statement on Tuesday, Mbank said that the strategic collaboration aims to integrate Mbank’s...
by Jibran Munaf | July 17, 2024 | Banking, Central Banks, News
U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The headline reading came in above analyst expectations of 1.9%, according to economists polled by Reuters, and matched the previous 2% reading...
