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PSBs told to speed up recovery at tribunals

As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs.

New-delhi , Delhi , India , Bhagwat-karad , Presiding-officers , Bankruptcy-act , Debt-recovery-tribunals , Psbs , Drts , Bankruptcy , Banks

Mumbai airport to solar panels: Why Adani needs another $1 billion

Gautam Adani-led conglomerate in talks with top global investors to raise $750 million to $1 billion via overseas bonds to fund airports growth plans and ramp up solar panel manufacturing business

Mumbai , Maharashtra , India , Mundra , Madhya-pradesh , Karan-adani , Intesa-sanpaolo , Societe-generale , Arun-bansal , Standard-chartered-bank , Barclays-plc , Adani-new-industries

The tale of two banks

Private sector’s expertise, capital should be utilised to reform banks and power sector

Lahore-high-court , Punjab , Pakistan , Alfalah , Karachi , Sindh , United-states , Japan , Rawalpindi , Islamabad , Lahore , Japanese

Bank and labour clash over owed benefits for 1,000 laid-off workers – Opinion Nigeria

Speaking to the picketers, NUBIFIE President Anthony Abakpa said that the bank terminated the workers' employment without following the proper procedures and neglected to produce proof of paid severance benefits, in spite of the union's attempts to seek justice for the workers through communication and negotiation.

Victoria-island , Lagos , Nigeria , Nigerian , Sheikh-mohammed , Olusoji-oluwole , Dan-egwu , Anthony-abakpa , Management-of-heritage-bank , National-union-of-banks , National-industrial-court , Management-of-the-bank

Premarket: Global shares rise while yen surges on suspected intervention

Investors looked toward the Federal Reserve’s latest decision on Wednesday and U.S. jobs data on Friday

Spain , Japan , London , City-of , United-kingdom , China , Germany , Cairo , Al-qahirah , Egypt , France , Gaza

NatWest makes huge change to account rules ahead of 'de-banking' deadline

NatWest is now giving customers 90 days’ notice before they shut their account, in line with new legislation - at the moment, banks must provide a minimum notice period of 60 days

Nigel-farage , Paul-thwaite , Dame-alison-rose , Financial-ombudsman-service , Natwest , Payment-service-regulations , Equality-act , Banks ,

Cuba runs short of cash as people face new hurdle in navigating monetary system

A carton of eggs that sold for 300 Cuban pesos in 2019 now sells for about 3,100 pesos. State workers earn between 5,000 and 7,000 Cuban pesos monthly (between $14 and $20)

Havana , Ciudad-de-la-habana , Cuba , Cubans , Cuban , Omar-everleny-perez , Alejandro-fonseca , Pavel-vidal , Colombia-javeriana-university-of-cali , Everleny-perez , Javeriana-university , Credit-cards

Major European Banks Paying Russia More in Taxes Than Before Ukraine Invasion – FT

Major European banks that continue to do business in Russia paid the government four times more in taxes in 2023 than in the year before Moscow launched its full-scale invasion of Ukraine, the Financial Times reported.

Kremlin , Moskva , Russia , Moscow , Ukraine , Kyiv , Kyyiv , Misto , Hungary , Russian , Intesa-sanpaolo , Deutsche-bank

What To Look For When Switching From a Traditional Bank to an Online Bank

Traditional banks have a lot to offer, but they're not always accessible or convenient. In some cases, they also charge higher fees or have lower annual percentage yields (APYs) than digital options....

United-states , Americans , Ben-mclaughlin , Gaudilab-shutterstock , Todd-stearn , Better-business-bureau , Customer-service , Professional-african , Find-suite , Gobankingrates , Banking , Banks

Why Many Regional Banks Could Be in Major Trouble

Somewhere in between national banks and community banks sit regional banks. These institutions cover more ground (literally) than community banks, but are considerably smaller players than national...

New-jersey , United-states , New-york , Pennsylvania , California , American , Nelson-chu , Joel-pruis , Republic-first-bank , Silicon-valley-bank , Regional-banks , Real-estate-market-exposure