Latest News for: Banks assets


Turkish banking sector's net profit reaches $7B in Jan-Oct

Anadolu Agency 29 Nov 2021
The total assets of the banks surpassed 7.4 trillion Turkish liras ($774.1 billion) as of end-October, up from 6.2 trillion Turkish liras ($751.9 billion) in the same period last year ... Shedding light on lenders' minimum capital requirements, the banking sector's regulatory ...

NBFCs AUM likely to grow 8-10% in FY'23: Report

Live Mint 29 Nov 2021
Non-banking financial companies' (NBFCs) asset under management (AUM) is likely to grow 8-10% in the fiscal 2023, helped by improvement in economic activity and strengthened balance sheet buffers, according to a report by Crisil Ratings ... The gross non-performing assets (GNPAs) of ...

NBFCs assets to improve on tailwinds, says Crisil Ratings

Business Line 29 Nov 2021
Assets under management (AUM) of non-banking financial companies (NBFCs) is set to grow 8-10 per cent to about ₹30-lakh crore in FY2023, riding on two tailwinds — improving economic activity, and strengthened balance sheet buffers, according to CRISIL Ratings.

Russian Survey: 46% of traders use crypto for hedging

Cryptopolitan 29 Nov 2021
Trading digital asset is one sure of making profits in the financial market ... One such example is Turkey, where most of its population turned to the leading digital asset, Bitcoin, as the Lira plummeted in value ... According to the report, about 46% of retail crypto traders believe the assets can fulfill hedging requirements.

ACB raids: Man who started on Rs 2,000 monthly pay holds assets 14X more than income

The Times of India 29 Nov 2021
After he took voluntary retirement as project director-planning, Nirmiti Kendra, a few months ago, his assets were worth Rs 30 crore ... To ACB’s surprise, details of more of his assets kept tumbling out of bank lockers in his wife and son’s names and the bedroom of his Kengeri residence ... “His total assets are valued at Rs 31,20,39,868.

RBI's recent norms may spike NPAs for NBFCs, says ICRA

Sify 29 Nov 2021
The Reserve Bank of India's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies, ICRA said.

CIT Serves as Coordinating Lead Arranger for $210 Million Financing for Brazoria West Solar Project ...

The Salamanca Press 29 Nov 2021
... CIT Bank, N.A ... The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management.

S.Korea's institutional investment in foreign securities hits record high in Q3

Suryaa 29 Nov 2021
The outstanding foreign securities, owned by local institutional investors, including asset managers, brokerages and insurers, reached a new high of $385.59 billion at the end of September, according to the Bank of Korea (BOK).
photo: Creative Commons / Stephen Politzer-Ahles from Lawrence
Flag of South Korea on building

S.Korea's institutional investment in foreign securities hit record high in Q3 29 Nov 2021
The ownership of foreign securities by asset managers, foreign exchange banks and brokerages grew by 4.86 billion dollars, 950 million dollars and 260 million dollars respectively in the July-September quarter, but the holdings by insurers ...

Official says Iraq ready to pay back debt to Iran

Press TV 29 Nov 2021
Iraq owes the money to Iran for importing gas and electricity, which has continued despite illegal US sanctions, but Tehran has been unable to obtain its assets frozen in Iraqi banks under US pressure ... Tens of billions of dollars of Iranian assets, mainly from exports of oil and ...

Tanzanian central bank plans to launch own CBDC project

OBN 29 Nov 2021
Florens Luoga, governor of the Bank of Tanzania, announced on Thursday that the bank has proceeded with plans to introduce Central Bank Digital Currency (CBDC) for Tanzanian nationals ... The country banned crypto assets in 2019 following the instructions announced by Tanzania’s central bank.

RBI fines Union Bank of India ₹1 cr

Live Mint 29 Nov 2021
The Reserve Bank of India (RBI) has fined Union Bank of India ₹1 crore for non-compliance with the certain provisions of directions issued by the Central bank related to fraud classification and stressed assets. RBI has conducted an inspection with reference to its financial position as of 2019, and found that the bank was in violation of the norms.

Devalued national currency adds to miseries of Afghan people

Beijing News 29 Nov 2021
dollars in assets belonging to Afghanistan's central bank, plus a halt of funds by the World Bank and the International Monetary Fund (IMF) ... The Taliban caretaker government has repeatedly called upon the United States to unfreeze the Afghan central bank's assets.

The future of FinTech

The News International 29 Nov 2021
The traditional methods of borrowing bank loans are slowly being joined by crowdfunding and also peer-to-peer lending ... FinTech has also enhanced asset management through processing data and analysing tools. This has led to increased automation and asset rebalancing ... The banking ...

RBI imposes Rs1 crore penalty on Union Bank of India

Live Mint 29 Nov 2021
... for non-compliance with the certain provisions of directions issued by RBI contained in “Reserve Bank of India (Fraud - Classification and Reporting by commercial banks and select FIs) Directions 2016" and “Guidelines on Sale of Stressed Assets by Banks.  .