Landesbank Baden-Württemberg is reportedly selling a major risk transfer related to a loan portfolio worth approximately €2.8 billion, or $3 billion. Sources familiar with the situation confirmed the details.
 "Finance Minister Nirmala Sitharaman urges banks to drive India’s development goals by 2047, emphasizing the need for security in digital banking.")
Union Finance Minister Nirmala Sitharaman emphasized the vital role of the banking sector in transforming India into a developed nation by 2047 during a recent event celebrating the 90th Foundation Day of the Bank of Maharashtra. She highlighted the need for banks to support infrastructure growth, provide targeted funding for MSMEs, and include unbanked populations ...
 "RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.")
Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...
 "SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges")
At the Global Fintech Fest in Mumbai on August 30, 2024, SBI Chairman Challa Sreenivasulu Setty emphasized that banks will focus on improving service quality instead of engaging in a rate war for deposits. He mentioned a slight adjustment in interest rates, particularly for the popular 1-2 year term deposits. SBI recently launched the “Amrit ...
Stay updated with the latest happenings in the financial world with these 50 multiple-choice questions. Based on significant events and updates reported on May 19, 2024, this comprehensive quiz is perfect for those preparing for competitive exams or anyone keen on current affairs. Current Affairs Questions and Answers for Business category Q1: Which company announced ...
In the dynamic world of finance news, the recent decision by the Hong Kong Monetary Authority (HKMA) to maintain its key interest rate has stirred interest and speculation. This article delves deep into the implications of this strategic move, its alignment with global economic trends, and the potential ramifications on Hong Kong’s financial landscape. Understanding ...
