Home / Finance Banking

Finance Banking

Booming fund financing poses risks for banks

LONDON (LPC) – Breakneck growth in the US$400bn fund financing market could pose a systemic risk to the banking sector as alternative investors borrow to boost returns, bankers and investors said. Banks’ exposure is soaring as lenders compete to offer loans to funds, including private equity firms, direct lenders and …

Read More »

PNB Fraud: PNB’s LoU story spoils plot for import finance

KOLKATA | MUMBAI: Import finance, crucial for ensuring critical supplies for India’s industrial and consumer ne, faces serious restrictions as banks clamp down on issue of letters of undertaking (LoUs) after a bunch of employees at Punjab National Bank were caught issuing fake LoUs in the country’s biggestever corporate fraud. …

Read More »

Fed’s Quarles pushes for gradual rate hikes, review of crisis-era bank regulations

HOMEEDITION NewsEconomy Finance Health Care Real Estate Wealth Autos Earnings Energy Life Media Politics Retail Commentary Special Reports Asia Europe CFO Council MarketsPre-Markets U.S. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs InvestingTrading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener TechMobile Social …

Read More »

Artificial Intelligence for Financial Inclusion

Next Tide: We need to be ready The Indian Rural Banking landscape has just seen a major transition, by way of Financial Inclusion under the guidance of RBI. It started with Small savings accounts, Agency banking channel, Aadhaar number, Pradhan Mantri Jan Dhan Yojana, BBPS, BHIM, AEPS payments, UPI etc. First …

Read More »

How glitz and glamour deceits banks time and again

Diamonds are regarded as the hardest known material on the planet. Going by the mounting pile of loan delinquencies, they seem to be the hardest business for Indian bankers to crack. Last week, Punjab National Bank (PNB) acknowledged an elaborate web of deception that had defrauded the lender, on initial …

Read More »

Banking agents pegged to lift finance access

Convenience stores are expected to provide banking agent services.  PANUPONG CHANGCHAI Banking agents will increase consumer access to financial services by 34%, with more than 200,000 of them potentially setting up shop nationwide, says the central bank’s think tank. Some 55% of villages nationwide cannot access financial services from the …

Read More »

PNB’s LoU story spoils plot for import finance

KOLKATA | MUMBAI: Import finance, crucial for ensuring critical supplies for India’s industrial and consumer ne, faces serious restrictions as banks clamp down on issue of letters of undertaking (LoUs) after a bunch of employees at Punjab National Bank were caught issuing fake LoUs in the country’s biggestever corporate fraud. …

Read More »