Tag: Banks

JM Financial stays overweight on banks, realty, defence in India Model Portfolio

JM Financial’s latest India Model Portfolio presents a cautiously optimistic outlook, with overweight calls on sectors like banking, infrastructure, NBFCs, and metals In its latest...

Are Traditional Banks Losing the Cross-Border Race? Unmasking Fintech’s Real-Time Payment Revolution

In today’s hyper-connected economy, the evolution of cross-border payments isn’t just a trend—it’s a paradigm shift. Real-time payment systems, international remittance innovations, and the...

Moody’s upgrades rankings for 11 Saudi banks

RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...

Central Bank digital currencies drive collaboration between banks and FinTech in the UAE

Central Bank Digital Currencies (CBDCs) are transforming the financial landscape, and the UAE is rapidly advancing in this innovative space. As part of its...

Europe needs bigger banks to compete with US, Chinese rivals, says Lagarde

Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European Central Bank President Christine Lagarde said on Monday,...

UAE leads in Q2 gross loan growth as GCC banks’ net profit surges to $14.8b

Net income reported by listed banks in the GCC reached a new record high during Q2 2024 after four out of the six country...

Combined capital, reserves of UAE banks surpass Dh500b

The combined capital and reserves of banks operating in the UAE surpassed the Dh500 billion mark at the end of February 2024, according to...

Goldman Sachs removes bankers’ bonus limit

The investment bank Goldman Sachs has become the first to remove its cap on bankers' bonuses following changes to UK laws introduced last year. The...

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50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...

Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand...