Category: bank

[ad_1] There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description. Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities. We can see why by looking…

[ad_1] The Securities Appellate Tribunal (SAT), which hears appeals in the securities matters, has rapped private sector lender Axis Bank for contempt of court and imposed a penalty of Rs one lakh on Axis Bank. Delivering its verdict in the…

[ad_1] Deal Summary: 60-71 month CD, 1.51% APY, $500 minimum deposit. Availability: Residents of twelve Indiana counties. Via Credit Union’s (Via CU) 60-71 month CD (1.51% APY) is unique, in that it straddles two term-lengths (5- and 6-year) with an…

[ad_1] Receiving Wide Coverage … PNC on the move PNC Financial announced that it is buying the U.S. arm of Spanish lender BBVA “in one of the largest bank tie-ups since the financial crisis, ” the Wall Street Journal reported.…

[ad_1] Every time after Durga Puja all types of credit growth come. This time also, we have got that signal before the Puja. Bandhan Bank expects to achieve around 21% year-on-year credit growth for this fiscal as well after posting…

[ad_1] India’s third tranche of stimulus measures should support economic rebound over the coming quarters but the actual fiscal impact is difficult to ascertain, Fitch Solutions said on Monday. The government on November 12 announced another stimulus package, called Aatmanirbhar…

[ad_1] By Debra Cope A public outcry for racial equity and inclusion has amplified the steady drumbeat of calls for banks to diversify their leadership, starting in the boardroom. “It is very hard for anyone to argue that you cannot…

[ad_1] Deal Summary: Big Deal Cash, 2.25% APY on qualifying balances up to $25k. Big Deal Saver, 0.75% APY on qualifying balances up to $50k. Availability: Online market area includes Iowa, Minnesota, Nebraska, North Dakota, and South Dakota. Frontier Bank’s…

[ad_1] SBI witnessed a higher interest income and a drop in bad loan provisions in Q2 FY21. India’s largest bank — State Bank of India — registered a 52% rise in net profit in the second quarter of the current…

[ad_1] Subscribe to The Financial Brand via email for FREE! No bank or credit union — in fact no human endeavor created so far — has completely avoided mistakes, screw-ups or calamities, self-inflicted or otherwise. But for financial institutions,…