Reports have foreseen that retail and sme sectors will be the next bubbles. Speaking at the Business Standard Banking Round Table, Sharma also said credit growth to the corporate sector has been relatively weak The retail and medium-sized enterprises sectors have been showing credit demand but the banking industry is worried that they could be the next bubble, said Axis BankManging Director & CEO Shikha Sharma while speaking at the Business Standard Banking Round Table 2016.
Tags: Bank
Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions
DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.
HSBC Hit With $73 Million Fine by UK Watchdog for Deposit Protection Failings
The Bank of England fined HSBC £57.4 million ($72.8 million) for "serious failings" in customer money protection.
China Is Lowering Reserve Requirements for Banks to Bolster Slowing Economy
China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.
Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future
Metro Bank shareholders are facing a pivotal decision as they vote on a rescue deal crucial to the bank's future.
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The deal between TD Ameritrade and Bank Deal is almost near to the scottrade deal. TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc.
Men and Women came to join again the said marathon to defend their titles and to be the best of the best.
Wells Fargo is at the middle of big scandal right now as it is being investigated by board and senate.Answers several authority inquiry.
As settlement for hiding bad loans and house desolation, Wells Fargo will pay $1.2 billion. The bank lender admitted of cheating the government by insuring thousands of risky mortgages although they are not eligible.
Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.
China’s ruling party decided to replace the country’s chairman of the securities regulator, Xiao Gang, with former central banker Liu Shiyu. The regulator has taken the blame for failing to stabilize the market turbulence in the country over the year.
The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.
Financial Conduct Authority (FCA) headquarters, the watchdog of U.K financial market, will move to the brand new building in International Quarter, Stratford. The 515,000 square feet building is purchased by Deustche Bank asset-management for £370m.
Alibaba Group Holding Ltd's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.
