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Noor Bank to exit unsecured lending to SMEs

Reported by | Updated: November 22, 2017

Noor Bank of Dubai exiting unsecured lending to small and medium-sized enterprises. The bank’s chief executive John Iossifidis said the shift is part of a turnaround plan. He said the whole banking sector was doing unsecured lending to the SMEs and that is why the sector got into the problems. In the UAE, a significant […]

Nations Trust Bank launches mobile app

Reported by | Updated: November 22, 2017

 Sri Lanka’s Nations Trust Bank said it is launching a mobile banking app from Daon. The app will be launched by FriMi, the digital bank, payments platform and lifestyle partner powered by the bank. The apps will be using Daon’s IdentityX platform capabilities for biometrics. FriMi allows contactless and QR code payments. Thilak Piyadigama, COO, […]

JPMorgan Chase examining bitcoin futures

Reported by | Updated: November 22, 2017

JPMorgan Chase is examining the use of bitcoin for futures contracts. The bank, a known critic of the cryptocurrency, s weighing whether it can help its customers bet on the price of bitcoin via the CME Group’s proposed futures contracts. CME Group is readying to offer bitcoin futures by year-end. JPMorgan’s CEO Jamie Dimon has […]

HSBC loses appeal in Hong Kong fine

Reported by | Updated: November 22, 2017

HSBC lost its appeal a record fine imposed by Hong Kong authorities for failures at its Swiss private bank, including the irresponsible sale of structured products linked to Lehman Brothers in the run-up to the financial crisis. The bank was fined HK$400 million after a tribunal upheld an earlier decision by Hong Kong’s Securities and […]

BNP Paribas to implement Fenergo CLM

Reported by | Updated: November 22, 2017

 BNP Paribas is implementing Fenergo, an industry standard for Client Lifecycle Management (CLM) solutions for corporate and institutional, business and commercial and private banks. The bank is Fenergo’s 6th European client. The CLM solution will support the bank’s global transformation project, delivering a single client view across all jurisdictions and entities and enabling the bank […]

RBC among G-SIB banks

Reported by | Updated: November 22, 2017

Royal Bank of Canada has officially joined the ranks of global banks deemed too big to fail. The Financial Stability Board (FSB) in Basel, Switzerland has added the bank to the list of 30 global systemically important banks, which must set aside larger capital buffers and face more onerous oversight. The bank is the only […]

Kotak Mahindra Bank opens new 24-hour e-Lobbies

Reported by | Updated: November 22, 2017

Kotak Mahindra Bank has set up 24-hour e-Lobbies in two Mumbai suburbs of Juhu and Powai. This is part of the Bank’s plan to expand the touchpoints available for customers with a new format, called ‘Smart Banking 24×7’ e-Lobbies. Shanti Ekambaram, president – Consumer Banking at the bank, inaugurated the e-Lobby in Juhu and the […]

Andhra Bank scheme for SHGs

Reported by | Updated: November 22, 2017

Andhra Bank has come out with a new scheme for self-help groups (SHGs) that will encourage entrepreneurship. The scheme, called Pattabhi Sitaramayya Self Business Group, has been introduced to commemorate the 138th birth anniversary of the bank’s founder Bhogaraju Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage program in the country. SHGs having […]

ICICI Bank launches Eazypay

Reported by | Updated: November 22, 2017

ICICI Bank has launched Eazypay, a mobile application to enable merchants, retailers and professionals to accept instant cashless payments from customers on mobile phones. With Eazypay, customers can make payments by using mobile phone through UPI, any credit/debit card and internet banking. Chanda Kochhar, MD and CEO of the bank, said Eazypay is yet another […]

Canara Bank to sell non-core assets

Reported by | Updated: November 22, 2017

Canara Bank is proposing to sell stake in its asset management and housing finance units. The board of the bank has formally approved the proposal, which envisages selling the stakes either fully or partially. The bank wants to better its resources and improve the capital base. The bank’s board has also approved divestment of stake […]

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