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Latest Articles in Banking Finance

Insurer Allianz Raises Guidance After Profit Jump

Allianz, which owns asset manager PIMCO, recorded quarterly net profit attributable to shareholders of 1.86 billion euros ($2 billion).

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TCS UK Recognised Among The Best Big Companies To Work For

TCS' UK workforce is a young and diverse one, with 54 nationalities represented. Women make up 28 per cent of the workforce, much higher than the 17 per cent average in the UK IT sector.

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Singapore Bank OCBC Sees Virus Trimming Revenue By 2% This Year

OCBC reported a 34% rise in net profit to S$1.24 billion ($885.27 million) for October-December, helped by an improvement in its net interest margin.

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Muthoot Finance Raises $550 Million From International Bond Markets

Muthoot Finance has a network of 4,536 branches across 23 states, the national capital territory of Delhi and five union territories in India.

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RBI Rate Committee Torn Between Growth Concerns, Inflation Fears

The MPC kept rates on hold as expected on Feb. 6 while also retaining its accommodative monetary policy stance as long as it was necessary to revive growth.

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PPP Products & Platforms Should Be The Focus Areas: Ashish Nanda, EVP & Business Head - PCG, Commodities & Currency Business Kotak Securities

In an interview with BW Businessworld, Ashish Nanda, EVP & Business Head - PCG, Commodities and Currency Business Kotak Securities, talks about key trends in Wealth Management, domestic equity markets and more

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Planning For Your Life’s First Liquidity Event

With proper planning, one can optimize tax liability, invest capital wisely to achieve defined goals, meet social and philanthropic goals and preserve the wealth to pass on to subsequent generations.

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Does Your 2020 Resolution Include Building Financial Security?

The start of the new decade is a great time to build long-term and short-term financial goals and develop habits to increase your savings and reduce unnecessary expenses.

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Future Lifestyle To Issue Shares To IFC, Promoter Entity For Fund Raise

The board approved enabling resolution giving authority to issue of non-convertible debentures (NCDs) and other securities on private placement basis for value up to Rs 400 crore in one or more tranches

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Debt-Ridden DHFL Posts Q3 Net Profit At Rs 934 Crore

The company undergoing insolvency proceedings also posted total revenue from operations in Q3 FY20 at Rs 2,432 crore while total expenses were Rs 2,605 crore.

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SBI's Credit Card Business IPO To Open On March 2

The company plans to issue new shares worth 5 billion rupees and will offer up to 130.5 million shares for sale, the prospectus, dated Feb. 18.

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RBI Clears Plan For Dilution Of Promoters' Shareholding In Kotak Mahindra Bank

The central bank said that after the stake reduction, the promoters will not purchase any further paid-up voting equity shares of the bank till the percentage of their shareholding reached 15 per cent of the bank or such higher percentage as may be permitted by the RBI in future.

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HSBC To Shed Assets Worth $100 Billion And Slash 35,000 Jobs Over Three Years

Europe's biggest bank by assets, which makes the bulk of its revenue in Asia, said profit before tax tumbled by a third to $13.35 billion in 2019, far below the average estimate of $20.03 billion from brokerages.

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UK Households' Confidence In Finances Hits Record High In February - IHS Markit

The IHS Markit Household Finance Index jumped to 47.6 in February from 44.6 in January, the highest index reading since the survey began 11 years ago.

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How Is The Banking Industry Affecting GDP Growth?

Having people's trust at its core, it continues to drive up GDP growth and follow regulations and mandates to avoid any economic disruption.

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