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Fino Payments Bank has applied for a small finance bank license. The bank has been preparing itself for an upgrade in terms of banking activity for quite some time. Fino has around Rs 600 crore of net worth while the minimum capital requirement for small finance banks is Rs 200 crore at present.
Imagine waking up to find that your bank has closed your account without warning. It's a scenario that can cause not just significant inconvenience but also serious financial distress. Understanding...
Investment banking activity is at decade lows and there are few signs it will improve any time soon
Powszechny Zaklad Ubezpieczen SA (OTCMKTS:PWZYF – Get Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 138,200 shares, an increase of 18.3% from the April 30th total of 116,800 shares. Based on an average trading volume of 200 shares, the short-interest ratio […]
Powszechny Zaklad Ubezpieczen SA (OTCMKTS:PWZYF – Get Rating) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 116,800 shares, a decline of 62.7% from the April 15th total of 313,300 shares. Based on an average trading volume of 400 shares, […]