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UAE Banking Sector's Net International Reserves Up 8.1% in H1 2024

Net international reserves of the UAE’s banking sector grew by 8.1%, or AED 92.3 billion, in the first half of 2024 (H1 2024).

RAKBank Completes First Cross-Border Payment with mBridge

RAKBank completes its first cross-border payment with mBridge technology.

A Complete Guide to Business Loans and Financing

Explore essential insights into business loans, types, benefits, and financing tips.

Saudi Investors Launch $200M Fund to Boost Gulf Startups

American actress Khalilah Camacho Ali is seen using a CANGo smart cane, a device produced by a company supported by Waad. This advanced cane exemplifies innovat

RBI Proposes NBFCs, Co-op Banks Under Operational Risk Norms

On Tuesday, the Reserve Bank of India (RBI) issued a guidance note on Operational Risk Management and Operational Resilience.

Alphabet's Python Team Axed in Google Layoffs, Report Says

"Google's cost-cutting measures include laying off the entire Python team, led by Sundar Pichai at Alphabet, amid concerns over outsourcing and expenses."

Government Considers Stake Sale in Five PSBs Amid Low Public Float

Govt's large stakes in five PSBs, buoyed by capital infusion from FY17 to FY22 to offset NPA-related stress, could be up for sale.

HDFC Bank CEO Embraces Slow Growth Amid Fierce Competition

HDFC Bank announces Rs 1,500 crore ex-gratia payment to staff for merger efforts

HDFC Bank Q4 2024 Results Live: India's Top Private Lenders Earnings Out on April 20

HDFC Bank Q4FY24 Results: Strong Net Profit Growth Expected, Live Updates on April 20.

Axis Bank: Implementing Bear Put Spread Option Strategy

Axis Bank's MACD momentum indicator shifts bearish, signaling short-term downtrend ahead.

Banks expect Q4 NIM to dip due to liquidity constraints

Adjusted systemic loan growth is expected to slow to 15–15.5% YoY from 17-18% YoY, as per RBI trend and progress data for FY23.

Punjab National Bank Records 11.5% Loan Growth in Q4; BoB's Surges 12.4%

Punjab National Bank's total business surged 8.8% to Rs 23.56 lakh crore, up from Rs 21.65 lakh crore by March 31, 2023.

Consumer Confidence High: RBI Survey Shows Optimism in Economy

RBI projects FY2025 inflation at 4.5%: Q1 4.9%; Q2 3.8%; Q3 4.6%; Q4 4.5%.

Paytm Stocks Drop 4% as Payments Bank CEO Surinder Chawla Resigns

Paytm Share Price Plummets Over 50% Since RBI's Action on Banking Arm

Bain Capital Plans $429 Million Stake Sale in Axis Bank, According to Term Sheet

In December, Bain Capital divested shares valued at $448 million in Axis Bank, marking a significant transaction in the banking sector.

Das emphasizes: Banks must enhance presence in derivative markets

Highlighting the limited participation of Indian banks in the derivatives market,

RBI permits prepaid payment instruments to use third-party UPI apps for making payments

RBI MPC decides: Prepaid cards to link with third-party UPI apps for enhanced user convenience.

Optimistic Growth Outlook: RBI Economic Surveys Point to Positive Signs

RBI surveys show positive macroeconomic sentiment trends across segments, indicating improvement.

UAE Bank Reserves Reach Dh500 Billion

86.5% of UAE Bank Capital, Reserves from National Banks

RBI Revokes Registration of Four Non-Banking Financial Companies

RBI Revokes Registration of Four NBFCs Including Uttar Pradesh's Kundles Motor Finance Pvt Ltd, Tamil Nadu's Nithya Finance Ltd.

RBI Monetary Policy Tomorrow: Timing, Live Streaming, & Details

RBI's Monetary Policy Committee meets Apr 3-5. Decision on Apr 5, 10am. Expected to hold repo rate at 6.5% due to inflation

AU Small Finance Bank and IDFC First Bank reduce credit card benefits. What's the impact?

AU Small Finance Bank (SFB) and IDFC First Bank have both declared a cutback in benefits offered on their credit cards.

DXB News Network: Dubai National and Global News Channel | UAE.

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