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RBI’s financial inclusion index rises to 64.2 in march 2024, indicating enhanced financial inclusion

RBI's financial inclusion index: The Reserve Bank's Financial Inclusion (FI) Index, which measures the extent of financial inclusion across India, rose to 64.2 in March...

Global Wealth Report 2024: Growth rebounds to 4.2%, offsetting the 2022 downturn

Global Wealth Report 2024 Wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable...

Redemption of two UBS Group AG additional tier 1 instruments

UBS Group news UBS announces its intention to redeem the total outstanding AUD 700mn additional tier 1 instrument with ISIN CH0488506673 (the "AUD AT1 instrument")...

Bank of Baroda shares drop over 6% in 3 consecutive trading day on lowest deposit and advances growth in the past 12 quarters

Bank of Baroda Shares Drop Over 6% since monday Shares of Bank of Baroda fell by more than 6% since Monday after the public sector...

Punjab and Sind Bank unveils ambitious expansion plan for FY 2024-25

Punjab and Sind Bank to launch 100 new branches and ATMs this fiscal year Punjab and Sind Bank, a state-owned financial institution, has announced an...

Deutsche Bank raises €500 million through inaugural social bond offering

Deutsche Bank raised fund: Deutsche Bank announced today that it has successfully raised €500 million through its inaugural social bond offering. The proceeds will be...

RBI imposes monetary penalty on Punjab National Bank

RBI in action The Reserve Bank of India (RBI) has imposed a penalty of ₹1,31,80,000 (Rupees One crore thirty-one lakh eighty thousand) on Punjab National...

Bandhan Bank Ltd. appoints Ratan Kumar Kesh as interim Managing Director and CEO

Bandhan Bank News Update: Bandhan Bank Ltd. has appointed Ratan Kumar Kesh as the interim Managing Director and Chief Executive Officer. Kesh will assume his...

Canadian financial regulator delays implementation of new lending risk calculation rules

Canadian bank regulator delays plans to increase capital requirements Canadian financial regulator is giving the country's banks more time to adapt to new rules on...

DBS Hong Kong fined HK$10 million for anti-money laundering lapses

DBS Unit Fined in Hong Kong for Money Laundering Violations DBS Group Holdings' Hong Kong unit has been fined HK$10 million (S$1.7 million) by the...

World Bank approves an additional $1.5 Billion in financing to support India’s transition to a low-carbon economy

World Bank approves $1.5 Billion to India for low-carbon economy The World Bank’s Board of Executive Directors has approved $1.5 billion in financing for a...

IMF and World Bank Group announce Joint Bretton Woods at 80 initiative

IMF and World Bank Group announcment In commemoration of the 80th anniversary of the United Nations Monetary and Financial Conference (the "Bretton Woods Conference"), the...

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Mahindra Manulife Mutual Fund is excited to announce the launch of the Mahindra Manulife Value Fund

Mumbai, 05 February 2025: Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited ("Mahindra Finance") and Manulife Investment Management (Singapore)...

MobiKwik reports total income of INR 9,140 Mn for nine months of FY25, surpassing full-year FY24 income

One MobiKwik Systems Ltd. India’s largest digital wallet, today announced earnings results (standalone and consolidated) for nine months ended December 31st, 2024, and third...

SCOR: January 2025 P&C reinsurance renewals results

In line with its Forward 2026 strategic plan, SCOR continues to grow its P&C preferred lines while maintaining a strong underwriting discipline. During...

UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share

UBS Group AG has announced its financial results for the fourth quarter and full year of 2024, showcasing significant growth in profitability. The Swiss...