The third-largest US lender's dealmakers joined rivals at JPMorgan Chase and Wells Fargo in benefiting from a rebound in capital markets as corporate clients issued more debt and equity

The Wall Street giant's gains echoed those at rival JPMorgan Chase and Citigroup, which also cashed in on debt and equity offerings as clients' economic confidence improved

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months

Aurionpro Solutions said that it has bagged a multi-million dollar deal in the digital banking transformation space with a leading bank in Saudi Arabia.

Experts say resurgence in China markets could weigh on markets, FPI flows

The banking correspondence authorisation is due to expire on Oct. 31, posing risks to export and import transactions valued at nearly $10 billion, Treasury officials have said

The average systemic liquidity surplus in August stood at Rs 1.49 trillion, up from Rs 1.02 trillion in July. Over the past 12 months, the average liquidity surplus was Rs 0.49 trillion

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All stakeholders in RRBs must aim to improve their efficiency and competitiveness. Smaller, loss-making banks should be allowed to be subsumed by sponsor banks or any other commercial bank

FICCI and IBA in association with BCG released a report titled Banking for a Viksit Bharat at FIBAC 2024. As per the report, India's ambition to achieve a $30 trillion GDP by 2047 will require a 20 times growth in the financial services sector, with banks playing a pivotal role. India, being a predominantly bank-led economy, will require the banking sector to play an anchor role while the other financial asset classes continue to grow much faster. This will require $4 Tn of capital base in banks

State-owned Canara Bank on Wednesday said it has mobilised USD 300 million via the IFSC Banking Unit. The net proceeds from the issue of the notes will be applied by the Issuer's IFSC Banking Unit at Gandhinagar towards the general corporate purposes, Canara Bank said in a regulatory filing. The bonds with maturity of 5 years carry a coupon rate of 4.896 to be paid semi annually, it said. Commenting on the occasion, Canara Bank MD and CEO K Satyanarayana Raju said, We are delighted on the succes

Government spending is the reason for the rise in liquidity. It might improve further but there will be some action by the RBI to manage liquidity, said Indranil Pan, chief economist, YES Bank

The Japanese retailer originated as a clothing store a century ago and evolved into a general merchandiser, selling everything from groceries and sundries, to clothing and home goods

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With deposit and credit facilities broadly in place, the government should now focus on spreading financial and digital literacy

Maserati, which currently operates just a single dealership in India, sold less than 50 cars in the country in 2023

Former SBI Chairperson Dinesh Khara on Thursday said the country's largest lender is working on a new version of its digital banking platform to take care of its customers' requirements and preferences. In his special address at the Global Fintech Fest 2024 here, Khara, who superannuated on Thursday, also said that a banker should always keep risks in mind, even though people tend to ignore the risk but that shouldn't happen. We had envisaged YONO only as a retail solution and initially it was t

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10x hike in net worth; more clarity on roles, responsibilities

Mumbai (Maharashtra) [India], August 26: Jana Small Finance Bank has once again cemented its status as a frontrunner in the Indian banking industry. The bank's commitment to excellence and innovation was recognized at the prestigious 2nd ICC Emerging Asia Banking Conclave & Awards, where it clinched four coveted awards.

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Since banking and financial services is a large listed space, it has 55 passively and actively managed funds. The most recent addition is Bandhan Nifty Bank Index Fund

The platform has supported over 5,000 accounts, including escrows, and processed more than 50 million transactions

Banking stocks were trading with losses, with the BSE BANKEX index falling 234.1 points or 0.41% at 57399.71 at 13:42 IST.

Manoj Govil has been appointed as the secretary in the Department of Expenditure in the Ministry of Finance

The investment is the aggregate of total net deployment by active equity, passive and equity-oriented hybrid schemes

Corporates in India are moving to capitalise on bullish domestic macro conditions by expanding into international markets

In the past three years, the fund has maintained a predominant allocation to non-convertible debentures (NCDs) and bonds of financial institutions

Additionally, the Bill proposes the transfer of unclaimed dividends, shares, and interest or redemption of bonds to the Investor Education and Protection Fund (IEPF)

The government is scheduled to introduce the Banking Laws (Amendment) Bill, 2024 which seeks to increase the option for nominees per bank account to four, from existing one, among others. Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades ago. As per the revised list of business of Lok Sabha, Finance Minister Nirmala Sitharaman is scheduled to intr

New Delhi [India], August 5: Adz the Indian esonomu rodzitiondz itdzelf adz one of the world'dz fadztedzt-growing, the finansial dzestor idz witnedzdzing a reriod of unrresedented ekhrandzion. The Invedztment Vanking market, rrojested to reash UDzD 13.99 billion bu 2028, idz at the forefront of thidz growth, propelled bu a dzurge in sarital and liquiditu. The Interim Vudget of 2024 underdzsoredz the government'dz sommitment to fodztering dztabilitu and growth within thidz vibrant esodzudztem, rr

According to Bloomberg data, the weighted average call rate also declined 5 bps on Monday to 6.44%

Reforms in certain customs and banking rules, access to credit, and incentives at par with China will be key for India to boost its exports through e-commerce medium to USD 350 billion by 2030, think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) report also suggested creation of separate regulations and ecosystems to support two different types of e-commerce exports - direct export and overseas warehouse models; supporting firm to open warehouses in key foreign cities; ex

A new report by TeamLease Services reveals that the sector is set to witness a net employment growth of 7.21% in the first half of the fiscal year 2025.

Calling them most sensitive permissions, the report on currency and finance has highlighted that fintech apps often collect personal data, potentially invading users' privacy

Next-generation reforms are at the bottom of the list of nine priorities of this Budget