Private Bank

Monday, 06 December 2021

Latest News for: Private bank

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PH banks require PSAs for loans on power projects

Manila Bulletin 06 Dec 2021

“Banks would want to get paid, so banks would want certainty that they would get paid and because of that — our rule of thumb is ... “For private borrowers, the bank can finance up to 80 percent of the total project cost; so that the 20-percent remaining cost, that will be infused by the proponent or the borrower,” he said.

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ICICI Bank bets big on digital banking, tech initiatives

Business Line 06 Dec 2021

Private sector lender ICICI Bank is betting big on technological innovations and digital banking to boost its franchise. The lender in an analyst day highlighted initiatives in digital banking. “ICICI Bank in its analyst day highlighted how the strengthening of its digital ...

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Oromia Bank rebrands with excellence in mind

Capital Ethiopia 06 Dec 2021

Oromia International Bank rebrands itself to ‘Oromia Bank’ changing its trade mark as well as its name ... Including introducing Interest Free Banking-Financing (IFBF), the first of its kind to be launched by a private bank in Ethiopia, Oromia bank ticked out in full gear introducing new bank products to reach the unbanked society.

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Kotak breaks crypto ice with account for WazirX

The Times of India 06 Dec 2021

About a year ago, WazirX closed its account with ICICI Bank, India's second-largest private lender following feelers from the Reserve Bank India which has always been (and continues to be sceptical of cryptocurrencies) ... The bank is also warming up to the trade and has been in touch with other crypto exchanges like Zebpay.

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CSN non-degree certificate program will widen banking talent pool

Las Vegas Sun 06 Dec 2021

Nevada’s banking community has teamed with the College of Southern Nevada to offer an online, non-degree banking certificate program, debuting in January at the start of the spring semester ... “A lot of times, students don’t think of banking as a viable career,” Gurgevich said ... Myers has a background in the private sector in investment banking.

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Why free for all?

Dawn 06 Dec 2021

Farogh’ (Nov 18) which was related to the proceedings of the joint session of parliament which approved, among other things, an amendment to the State Bank of Pakistan (SBP) Banking Services Corporation Ordinance 2001 ... We now have an amendment in the name of optimising operational efficiency of private banks which are already untouchable entities.

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COP-26 lessons for Pakistan

The News International 06 Dec 2021

It is private sector, which is again pooling resources to further exploit the world at the name of climate change.It is feared that it is an attempt to create an alternative of World and Bank and IMF like institutions, which will be in direct control of private sector.

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Government to sell confiscated gold only to RBI hereafter

Business Line 06 Dec 2021

The price of the fine gold to be purchased will be determined based on the average LBMA (London Bullion Markets Association) rate of gold for the preceding 30 days from the date of receipt of gold by the central bank at Mumbai and the same shall be converted into Rupees using the Financial Benchmarks India Private Limited (FBIL) USD.

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AIB launches new €500m social housing fund

The Irish Times 06 Dec 2021

The new fund will provide development finance to Approved Housing Bodies (AHBs) or private developers involved in the provision of social housing. The bank says it has applications already in the pipeline for projects that would provide 500 social housing units.

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Sensex tanks 949 points at closing, Nifty slips below 17,000

Business Line 06 Dec 2021

Market opened on a weak note, tracking negative global cues ... IndusInd Bank, Tata Consumer, Bajaj Finserv, Bharti Airtel and TCS were top losers.All in red ... Nifty Private Bank and Nifty PSU Bank were down 1.5 per cent. Nifty Bank, Nifty Financial Services, Nifty Metal, Nifty Realty and Nifty Consumer DUrables were down over 1 per cent each ... ....

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Govt tells Parliament it has no plans to boost cryptocurrency sector

Live Mint 06 Dec 2021

'The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021', seeks to "create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI). The Bill also seeks to prohibit all private cryptocurrencies in ...

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Sri Lanka - HNB official banking partner to APLA once again

MENA FN 06 Dec 2021

(MENAFN - Colombo Gazette) Sri Lanka's leading private sector bank HNB PLC, renewed its partnership with the Associated Professional Lecturers' Association (APLA) to offer its members with retail ... .

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JPMorgan says developed markets have an edge over emerging markets in 2022

CNBC 06 Dec 2021

Julia Wang of JPMorgan Private Bank says the United States has an advantage over other developed markets because of its stronger economic recovery, and names Japan as another market to watch ... .

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Italy - Factors to watch on Dec. 6

Reuters 06 Dec 2021

The phone group is moving closer to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR, two sources said on Saturday ... The European Banking Authority (EBA) published its "transparency exercise" for the year, which provides 10,000 data points on 120 banks in the European Union, including UniCredit .

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PH is safest place for migrant Pinoys this Christmas — Concepcion

Manila Bulletin 06 Dec 2021

(Ali Vicoy/ File photo/ MANILA BULLETIN). “Our kababayans should spend Christmas at home, not in a foreign land and definitely not at a quarantine facility,” Concepcion said in a statement Monday, Dec. 6 ... The private sector is banking on its performance in the traditionally strong fourth quarter to recoup losses after over a year of lockdowns ... .