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Amazon's new service allows Indian sellers to get third party loans through the company
When applying for a loan, sellers will have a choice between different third-party lenders. The …
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
India’s central bank is calling on the country’s lenders to lower rates
However, the country’s commercial lenders have been slow to pass on the rate cut to consumers in…
Citadel is among hedge funds piling into shorts bets on European banks as record-low rates crush financial firms
Because "commercial banks hold their deposits within central banks, if rates are positive they gain…
Callum Burroughs,Callum Burro…
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines
Russians were lining up at one lender that was still offering dollars after trade was restricted fo…
Filip De Mott
India’s central bank is ramping up its supervision of the country’s commercial lenders and shadow banks
In response to the spate of frauds at large banks and defaults by NBFCs in the last year, the Reser…
CONFIRMED: Banks Will Flee Scotland If It Votes For Independence, Threatening 9% Of GDP
If Scotland chooses dollarization as its Plan B (because the UK Government refuses to enter into a …
Jim Edwards
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…
Jennifer Sor
HDFC Bank posts strong 15% growth in profits at ₹7,280 crore
Private sector lender HDFC Bank on Saturday reported a 15.4 per cent rise in consolidated net profi…
PTI
Yes Bank gets bourses approval for re-classification of promoter shareholding
Following ouster of Rana Kapoor, who is in police custody on alleged charges of corruptions and fin…
PTI
Govt to include non-scheduled urban, district co-op banks in 3 schemes for MSMEs
"These schemes have been serving the sector but there was a need to take them to next level. There…
PTI
UK banks told to triple holdings by Bank of England to prepare for Brexit
The recommendation comes on the back of new regulations brought in by the UK central bank's Prudent…
Callum Burroughs
India's central bank is urging lenders to cut ties with cryptocurrency exchanges and traders, report says
"No one wants to go against the regulator," a source told Reuters about India's central bank asking…
Carla Mozée
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
The RBI may have dealt a $1.5 billion blow to Indian banks’ bottom line
As a result, the creditors of IL&FS, which include many of India’s public sector banks such…
The fallout from the pound's crash prompts UK banks to pull mortgage deals as they brace for interest rate hikes
UK mortgage lenders like Virgin Money and Halifax are suspending deals on anticipation the pound cr…
Zahra Tayeb
India's largest bank may have started a rate cutting competition
India’s largest bank, the State Bank of India (SBI), decided at the end of last week to bring its…
GSTN to share data with RBI's frictionless credit platform
The government has permitted GST Network to share data about GST-registered businesses, based on th…