Latest News for: Banks assets

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FSS urges Shinhan Bank to bolster AML system

Korea Times 05 Dec 2022
The Financial Supervisory Service (FSS) has asked Shinhan Bank to improve its anti-money laundering (AML) management system, particularly in the areas of digital asset businesses and overseas branches ... In addition, the bank did not have a computer system to monitor digital asset-related transactions.
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Banking industry defies economic downturn so far

B & FT Online 05 Dec 2022
Cumulatively, value of the banking industry’s assets grew by 43.7 percent between October 2021 and October 2022 to hit GH¢249.9 billion – that is, 42.2 percent of the revised 2022 Gross Domestic Product (GDP) outrun of GH¢592billion.
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Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan

Bitcoin 05 Dec 2022
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan ... It took place on a platform developed by Lighthouse, which was approved by the Bank of Russia in March as one of the “information systems operators” allowed to manage digital financial assets.
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Time to look at debt as an alternative asset class: B Prasanna, ICICI Bank

The Times of India 05 Dec 2022
"It is quite possible that asset allocation in the last two years might have gone in favour of equities but now I think there is a sense for people to look at their own risk appetite, look at their own asset allocation strategy and then maybe shift a little bit towards debt,"says B Prasanna, head of global markets at ICICI Bank.
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Including private pension funds in the suspension of interest on domestic bondholders will have dire consequences

B & FT Online 05 Dec 2022
The debt restructuring as confirmed by the Deputy Finance Minister will impact negatively on the whole three tier pensions system with liquidity challenges of little or no cash flows from assets as happened in the banking sector for which the Bank of Ghana had to take the license of some of the banks.
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NARCL matches Raj Radhe's Rs 130-cr bid for CCC

The Times of India 05 Dec 2022
The National Asset Reconstruction Co (NARCL) has matched Gujarat-based NBFC Raj Radhe Finance's ₹130 crore offer to take over the debt of Consolidated Construction Consortium ... Last month, in response to a Swiss challenge called by banks, Raj Radhe had offered ₹130 crore cash, topping the NARCL's ₹100 crore bid.
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S.Korea's foreign reserves rebound in November

China.dot.org 05 Dec 2022
dollar assets, central bank data showed Monday ... dollars at the end of November, up 2.09 billion dollars from a month earlier, according to the Bank of Korea (BOK) ... the conversion value of non-dollar assets.
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ICICI Bank shares outperform Nifty50, rally 22% so far in 2022; should you buy, hold or sell?

Financial Express 05 Dec 2022
“Cyclically, the bank highlighted resilient macro despite global challenges and we sensed continued strong momentum in PPoP and asset quality ... The brokerage also remains positive on ICICI Bank, considering a strong balance sheet, strong credit growth, continuous reduction in ...
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Nifty unlikely to deliver positive returns in Jan-Mar quarter; check top bets | Unmesh Sharma Interview

Financial Express 05 Dec 2022
Nifty to head towards 19400, Bank Nifty support at 41800; buy Reliance, TCS, SBI stocks for gains ... Nifty to witness buying above 18900, Bank Nifty may head towards 43500; use this strategy for 8 Dec F&O expiry ... Asset allocation will really start in January ... HDFC Securities Institutional equities is very positive on large private sector banks.
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No 'Sell' rating. This banking stock among most preferred. Can it deliver more gains?

Live Mint 05 Dec 2022
... with formidable prowess on technology and analytics puts ICICI Bank on a strong footing to deliver growth/ROE on sustainable basis,” Jefferies added.The strong Q2 earnings of the bank was led by growth in net interest income (NII), declining provisions, and return on assets.
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Corporate India should really get the animal spirits back: Uday Kotak

The Times of India 05 Dec 2022
India may be the only game in town for international investors, but the country needs to tweak laws that will help the banking sector build scale to fund economic aspirations, said Uday Kotak, managing director of Kotak Mahindra Bank ... Indian banking has been a weak spot since 2015, when the asset- quality review happened ... and HDFC Bank.
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JB Financial Group awarded as outstanding ESG company

Korea Times 05 Dec 2022
Courtesy of JB Financial Group. By Anna J. Park ... JB Financial Group is comprised of various subsidiaries, including Jeonbuk Bank, Kwangju Bank, JB Woori Capital and JB Asset Management. The group also has PPCBank, JB Capital Myanmar, JB Securities Vietnam and JB Phnom Penh Asset Management as its sub-subsidiary companies. .
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Say what you like about Clare Daly and Mick Wallace, at least they draw the line at showing ‘support’ for Quinns’ ‘difficulties’

Irish Independent 05 Dec 2022
... upset the entire population along the Border by saying they have violence in their blood.Of greater significance was the suggestion by the former Irish Bank Resolution Corporation that there are still assets and funds from the Quinn empire stashed away in Switzerland and India.
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South Korea's FX reserves post biggest monthly gain in 13 on weaker dollar

Reuters 05 Dec 2022
... the Bank of Korea (BOK) ... The central bank said the growth was due to an increase in the converted value of non-dollar assets, as the greenback weakened, offsetting declines from an FX swap programme with the state pension fund and a fall in the deposits of financial institutions.
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Jefferies bets on Zomato, SBI, 17 other stocks to play India growth story

The Times of India 05 Dec 2022
Banks are on the top of this list, with the brokerage’s bets being ICICI Bank. , State Bank of India ... “ICICI Bank is among our top picks across Indian financials as we believe that the bank offers among the best risk-reward across peers with superior growth, improved asset quality and higher RoEs,” the brokerage said in its report.

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