When Sumitomo Mitsui Banking Corporation (SMBC) picked up a 24.99% stake in YES Bank last September, it made headlines across India’s financial sector. But those watching SMBC closely knew this was ...

Indian lenders have sought clarity from the Reserve Bank of India (RBI) on whether domestic banks can leverage the foreign currency non-resident bank [FCNR(B)] deposit scheme by extending loans to ...

Mumbai: Amid significant depreciation in the domestic currency, the Reserve Bank of India on Friday said it will absorb the hedging cost for foreign currency deposits mobilized by Indian banks till 30 ...

Fixed deposits (FDs) remain one of the most popular investment options among Indian savers due to their capital protection, predictable returns, and flexible tenure options. While small finance banks ...

A new framework that would allow foreign banks to offer services in Bermuda through a local agent is one of the ideas floated by the Bermuda Monetary Authority in a discussion paper on the future of ...

MUMBAI, June 8 (Reuters) - India's Punjab National Bank (PNBK.NS), opens new tab expects the banking sector to raise $35 billion to $40 billion via foreign currency deposits under a scheme announced ...

The currency has slipped to a series of record lows, despite multiple attempts to support it, as high oil prices hurt the nation’s balance of payments. Indian banks lift foreign-currency deposit rates ...

MANILA, Philippines – Persistent price pressures tied to the conflict in the Middle East may have pushed domestic inflation above 8 percent in May, three global banks said, reinforcing expectations ...

The Bank of Korea and the Financial Supervisory Service will conduct a joint foreign exchange inspection targeting major foreign exchange banks starting on the 10th, the Ministry of Finance and ...

Havana (AFP) – Visa and Mastercard payments in Cuba will be suspended from Saturday after US sanctions prompted a foreign bank to sever ties with a state-backed financial institution, Cuba's central ...

KB Kookmin Bank will limit the maximum amount for general unsecured loans to 100 million won starting from June 16. KB Kookmin Bank announced on June 12 that it will adjust the credit loan limit in ...

MUMBAI, June 8 (Reuters) - The Reserve Bank of India announced a series of forex measures last week, including offering concessional swaps to encourage overseas fundraising by state-owned firms and ...