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Welcome To IANS Live - NATION - About 1,300 bankers succumb to coronavirus: AIBEA

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Chennai, May 21 (IANS) About 1,300 bankers have succumbed to Covid-19 and the number went up drastically between February - May 2021, said a top official of All India Bank Employees Association (AIBEA).
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Update: 21-May-2021 ....

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More local banks have young leaders

More local banks have young leaders
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06/05/2021

12:58
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Ms. Tran Thi Thu Hang, CEO of Sunshine Group, has become the youngest leader in Vietnam’s banking industry after being appointed chairwoman of KienLongBank.
In recent years, many businesspeople who were born in the 1980s and even 1990s have joined the management boards of local banks.
Hang, born in 1985, was appointed chairperson of KienLongBank to replace Mr. Le Hong Phuong at the bank’s recent meeting of the Board of Directors for the 2018-2022 term. Hang is the youngest female banking president. ....

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Covid: Bankers seek frontline worker sops

Covid: Bankers seek frontline worker sops
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Covid: Bankers seek frontline worker sops
Mayur Shetty / TNN / Updated: Apr 24, 2021, 09:41 IST
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Bank employees want that some of the annual rituals to be delayed given the situation.
MUMBAI: Bankers, particularly those in the public sector, are facing the brunt of the second wave of the pandemic. Most bank jobs are customerfacing and classified as essential services. But the bankers have been denied facilities for frontline workers like vaccination and access to public transport.
At the same time, they are under pressure to complete the annual exercises relating to audits, annual accounts, and transfers. ....

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Bankers expect seasonal strengthening of hryvnia exchange rate in Q2, 2021

Bankers expect seasonal strengthening of hryvnia exchange rate in Q2, 2021
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The hryvnia exchange rate, after weakening at the end of March, will strengthen in the second quarter due to increased sales of foreign currency by farmers before the start of field work, the majority of bankers polled by Interfax-Ukraine are inclined to this opinion.
In the near future, the hryvnia will receive support from the sale of foreign currency by farmers for the spring field work, which is likely to lead to a slight strengthening of the national currency, head of the analytical department of Alfa-Bank Oleksiy Blinov said. ....

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Bankers say all aboard for great Asia SPAC merger lift-off

Bankers say all aboard for great Asia SPAC merger lift-off
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01 Apr 2021 11:50AM
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HONG KONG: Asia s bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms.
Globally, SPACs raised US$92 billion from IPOs in first-quarter 2021, according to Refinitiv data, already surpassing al of 2020. SPAC mergers - when the blank check firm uses IPO funds to merge with a target - amounted to US$210 billion.
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But Asia s representation in the global pie has been small so far - about 11 out of 2021 s 304 SPAC IPOs, and just US$4.7 billion in SPAC mergers. Given the region s large pool of new-economy companies, bankers are now plugging it as a hot spot for me ....

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