Macquarie Receives Approval to Set up Non-Banking Finance Company in India
Macquarie Group Ltd. said it got regulatory approval for a non-banking finance unit in India as it seeks to join Citigroup Inc. and Deutsche Bank AG in expanding operations in Asia’s second-fastest growing economy.
RBI may issue some banking licences this fiscal: Finance ministry
The government today said it expects the Reserve Bank to issue banking licences to some new players this fiscal, with the likes of Reliance Capital, Tata Group and AV Birla Group aspiring to enter the sector.
Why Mobile Banking Will Take Off In Haiti
In Haiti, the need for alternative banking solutions was made especially clear in the wake of the Ja
Gleam in the north brings commercial banking hires to HSBC
HSBC has unveiled a pair of commercial banking hires as part of the finance giant’s strategy to grow its business north of the Border.
Industry eyes bigger slice of banking pie
THE Global Islamic Finance Forum (GIFF) 2010 ended yesterday, leaving in its wake a greater awareness of the growing importance of Islamic finance in the world.
Banking System Remains Well-Capitalised
KUALA LUMPUR, Oct 29 (Bernama) — The banking system remained well-capitalised in September with the risk-weighted capital ratio and core capital ratio at 14.8 per cent and 13.1 per cent, respectively, says Bank Negara Malaysia (BNM).
Islamic finance eyes bigger slice of banking pie
THE Global Islamic Finance Forum (GIFF) 2010 ended yesterday, leaving in its wake a greater awareness of the growing importance of Islamic finance in the world. Most of the more than 1,000 participants left Kuala Lumpur on a high note, bullish that the industry which has existed for more than 40 years would be steadily making inroads and taking a bigger slice of the banking pie from their 500 …
Labour to keep watch Aussie banking inquiry
An inquiry launched in Australia to investigate banking competition and fees following record profits by major lenders will be closely monitored on this side of the Tasman, says Labour’s finance spokesman David Cunliffe.
KL boost from banking stocks
Share prices on Bursa Malaysia ended the week mostly higher yesterday, with gains in banking stocks boosting the major indices, dealers said.
YellowPepper Receives IFC/ World Bank Group’s First Equity Investment in a Latin American Mobile Banking Firm
MIAMI, Oct. 27 /PRNewswire/ — YellowPepper [www.yellowpepper.com] announced today that it received the first equity investment in a mobile banking firm in Latin America by the International Finance Corporation (IFC), the private sector arm of the World Bank Group. IFC provided $3 million and helped mobilize an additional $2 million. This brings the total investment in …
