Latest News for: Private bank

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Money supply Rises to N49.36trn Amid Federal Government Borrowing

This Day 28 Sep 2022
They added that Deposit Money Banks (DBMs) lending to the private sector propelled by the Loan-to-Deposit Ratio (LDR) policy by the CBN also a contributing factor to money supply in the domestic economy ... So far in 2022, credit to private sector has added N5.01 trillion despite severe macro economic challenges in the banking sector.
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Axis Bank to pick nearly 10% stake in Fairfax-backed Go Digit Life Insurance

Business Line 28 Sep 2022
Axis Bank, the country’s third-largest private sector bank, will acquire upto 9.94 per cent stake in Fairfax-backed ...
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The Bitcoin Policy Institute Explains Why CBDCs And The US Are Not A Match

Bitcoinist 28 Sep 2022
Is the whitepaper able to convince the reader that this “combination of bitcoin and privately issued stablecoins” is a good idea? ... The digital yuan uses a state-run, private blockchain network to issue digital cash that is a direct liability of the Chinese central bank.
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Axis Bank to purchase 10pc in Digit's life insurance arm

Your Story 28 Sep 2022
Indian private lender Axis Bank has shown intent to purchase 9.94 percent of Go Digit Life Insurance, the life insurance arm of startup Digit Insurance ... The country's largest private lender, HDFC Bank, had signed a similar agreement for 9.94 percent in Go Digit Life Insurance ...
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Good news Mumbai! Now use just one transit card for your travel needs; PPBL launches Paytm Transit Card

Financial Express 28 Sep 2022
Travelling in mumbai is set to get convenient as Paytm Payments Bank Limited (PPBL) announced that its partnership with the Mumbai Metro One Private Limited (MMOPL) and together they have launched the Paytm Transit Card ... Paytm Payments Bank Ltd Spokesperson said, “We are delighted ...
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Microsoft strengthens partnership with AfDB

B & FT Online 28 Sep 2022
The African Development Bank Vice President for Private Sector, Infrastructure and Industrialisation, Solomon Quaynor says ... Collaborating with both the private sector and partners, the Youth Entrepreneurship Investment Bank will establish a funding scheme, credit guarantee scheme, ...
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2 held for running fake job racket in Ajmer, main accused on run

The Times of India 28 Sep 2022
AJMER ... The company was called 'Job Attempt' and the accused allegedly charged candidates in the name of training, dress code, ID, etc., and promised to provide jobs in banks and private companies ... He got a mobile call three months ago that a company was providing jobs in private companies and private banks ... Start a Conversation. .
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Banks are relying on non-deposit borrowings to meet rising loan demand

The Times of India 28 Sep 2022
Banks have more than doubled their market borrowings to lend as core deposit growth has lagged behind the demand for loans as consumers are witnessing huge income erosion due to inflation impacting deposit growth ... “Banks are eligible to borrow from the market to fund loan demand” said a CEO of a private bank requesting anonymity.
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Axis Bank to buy close to 10% stake in Go Digit Life

Financial Express 28 Sep 2022
The investment is proposed to be made in two tranches, by subscribing to equity shares of the online insurer, for an equity stake of up to 9.94%, the bank said in a regulatory filing to the exchanges ... Last month, another private sector lender, HDFC Bank, announced its intention to buy a stake of 9.94% in Go Digit ... IDBI Bank sale.
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DBS Bank alters saving account interest rates, check updated rates here

DNA India 28 Sep 2022
DBS Bank, a private bank, has changed the interest rates on its savings accounts. On balances in savings accounts ranging from up to one lakh to five crore, the bank is offering rates between 3.25% and 5% ... The interest rate is determined based on the daily available balance, as mandated by the regulator, or by the banks themselves.
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The U.S. Central Bank Digital Currency Narrative Is A Fantasy

Bitcoin Magazine 28 Sep 2022
Since the recent White House report on Bitcoin and cryptocurrencies the discussion around a United States central bank digital currency (CBDC) has been raging again ... That is the role that private banks and financial service providers fill in the economy currently ... A central bank ...
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USD/INR monthly futures expiry fuels demand for dollars -traders

The Times of India 28 Sep 2022
Banks, who had build positions in OTC and in futures to ... The premium that traders were willing to pay to buy dollars at the Reserve Bank of India reference rate, rose to as much as 0.04 rupees, compared to almost par or 0.01 in recent weeks, a trader at a private sector bank said.
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IFC, Peo Finance Proprietary to boost financial inclusion in Botswana

New Business Ethiopia 28 Sep 2022
Peo Finance is a non-bank financial institution ... A sister company to Bank Gaborone, Peo Finance is a member of Capricorn Group and started its operations in December 2021 ... IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets.
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‘I need my salary’: anger as Lebanese banks reopen

Manila Standard 28 Sep 2022
Depositors scuffled and long lines formed at Lebanese banks Monday as they partially reopened after a week-long closure following a slew of heists by customers desperate to access their money ... Banks started imposing draconian restrictions on withdrawals after Lebanon’s economy collapsed in 2019 ... Many banks have also now hired security guards.
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Axis Bank to acquire nearly 10 % of Go Digit Life Insurance; here's how much it ...

DNA India 28 Sep 2022
Axis Bank, the country's third largest private sector lender, will invest around Rs 50-70 crore to acquire less than a 10 per cent stake in Fairfax-backed Go Digit Life Insurance ... Axis Bank has signed a non-binding term sheet with Go Digit ...

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File - Russia's President Vladimir Putin and Russian Defense Minister Sergei Shoigu, right, attend the opening of the Army 2022 International Military and Technical Forum in the Patriot Park outside Moscow, Russia, Aug. 15, 2022.
AP / Sputnik, Kremlin Pool Photo via AP, File
Abdul Salam Hanafi, a deputy prime minister in the Taliban's interim government, left, speaks with acting Foreign Minister of Afghanistan, Taliban official Amir Khan Muttaqi during talks involving Afghan representatives in Moscow, Russia, Wednesday, Oct. 20, 2021.
AP / Alexander Zemlianichenko, Pool
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