No respite for Indian banks as bad loans reach record $146 bln
Indian banks' sour loans reached a record 9.5 trillion rupees ($145.56 billion) at the end of June, unpublished…
Browsing Tag
Banks news
BNP Paribas says to stop working with shale oil players and shift to renewable investments
BNP Paribas, France's biggest listed bank, announced Wednesday it would no longer work with oil and natural gas…
AlexBank signs MoU to empower Egyptian women via financial inclusion
AlexBank, a member of Italian bank Intesa Sanpaolo, signed Tuesday a memorandum with the National Council for Women…
Russia’s central bank plans to ban websites that offer bitcoins
Russia will block access to the websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central…
Remittances from Egyptian expatriates rise 17.3% since currency float
Remittances from Egyptian expatriates have increased 17.3 percent from a year ago, to $16.3 billion in the period…
Egypt’s Suez Canal negotiating €300 mln loan from two state-run banks
Egypt’s Suez Canal Authority is negotiating a €300 million ($352 million) loan from two state-run banks to buy two…
RBI imposes restrictions banking business on Oriental Bank of Commerce
The Reserve Bank of India (RBI) has imposed certain restriction on banking activities of government-owned Oriental…
Egypt’s Amer named Arab central bank governor of the year: UAB
Egyptian Central Bank Governor Tarek Amer was named by the Union of the Arab Banks as the best Arab central bank…
Bain exec says India isn’t ‘fast enough’ in reforming troubled banks
India’s government is not reforming its banking sector quickly enough, as troubles such as high levels of bad loans…
AfDB to send Egypt $500 mln final tranche in January
Egypt to receive the third and final $500 million tranche of a $1.5 billion African Development Bank (AfDB) loan in…