Latest News for: Bank assets

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Ecobank remains biggest bank in Ghana in 2022; FBN records highest CAR – Report

Joy Online 29 May 2023
Ecobank Ghana emerged as the biggest bank by total assets worth ¢25.77 billion in 2022, a Ghana Banking Industry Report 2023 by LIMA Partners has revealed. It was followed by GCB Bank with total assets of ¢21.35 billion, Stanbic Bank with ¢18.60 billion and Absa with ¢17.10 billion.
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Nifty Bank hits record high led by IndusInd Bank, Kotak Mahindra Bank, HDFC Bank

Live Mint 29 May 2023
... better margin performance and improving asset quality.Most banks reported a healthy earnings beat in Q4FY23, mainly led by continued strong credit growth, healthy margins, higher recoveries from written-off accounts and lower LLP, as asset quality continues to improve.Also Read.
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"Our banking sector stands out as strong and stable," says RBI Governor

Beijing News 29 May 2023
In his inaugural address at the Conference of Directors of Banks, organised by the central bank for public sector banks on May 22 in New Delhi and ... CRAR is the ratio that compares capital to risk-weighted assets and is watched by regulators to determine a bank's risk of failure.
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How US, EU, UK are trying to seize frozen Russian assets to rebuild Ukraine

Financial Express 29 May 2023
Soon after Russia invaded Ukraine, the US and its allies froze an estimated $300 billion in Russian central bank assets that were being held in non-Russian financial institutions ... or entities.The UK has sought legal advice on seizing assets without breaching international rules.
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What Is a Bank Failure? What Causes It?

Victoria Advocate 29 May 2023
When a bank fails, the FDIC takes several actions.It sets up a “bridge bank,” a temporary entity that continues operations until the failed bank is acquired.It notifies each depositor in writing.It creates an auction to arrange a sale of the failed bank’s assets.It freezes all ...
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Top 10 UAE banks post 35% Q1 profit surge

Khaleejtimes 29 May 2023
The UAE banking sector, which has been receiving major fillip from the government’s commitment to regulatory reforms, saw total assets of the top 10 banks increase by 10.6 per cent in 2022 year-on-year to $898.89 billion driven by strong growth in deposits, loans, and advances, KPMG said in its UAE Banking Perspectives report.
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India RBI chief flags governance gaps, stressed assets misreporting at some banks

Gulf Daily News 29 May 2023
The Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps have also been noticed at certain lenders, its governor said on Monday ... However, the Indian banking sector today stands out as strong ...
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Around 21% banks become Shariah-compliant: Minister for Finance and Revenue Senator Mohammad Ishaq Dar

Urdu Point 29 May 2023
"Assets of Islamic banking industry posted year-on-year a growth 29 percent in the fiscal year 2022; and the network of Islamic banking industry consists of 22 Islamic banking institutions," he said, adding six out of 22 banks were full-fledged "Islamic banks" and 16 conventional banks were operating with stand-alone Islamic banking branches.
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Is it Better to Sell Gold or Get an Instant Gold Loan?

DNA India 29 May 2023
Moreover, since these loans are secured against your gold assets, they generally have lower interest rates than personal loans. As opposed to selling your gold, you get to retain your pledged assets after repaying the gold loan in full ... As they lock your gold away in the bank’s vault, the security of your assets in gold is ensured.
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Banks’ provisioning for NPAs falls for fifth quarter in a row in Q4

The Times of India 29 May 2023
The loan loss provisioning for banks in the March quarter continued to fall for the fifth consecutive period amid sustained collection efficiency and improving asset quality ... The overall asset quality in the banking system has been improving gradually ... For public sector banks (PSBs), it dropped by 37.3% to Rs 15,257.4 crore.
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Banks to undergo corrective measures by Sept 2023

B & FT Online 29 May 2023
This could involve measures such as capital injections, asset sales, profit retention, or other actions aimed at increasing the capital base of the banks ... PCA is typically triggered when a bank fails to meet certain capital adequacy or asset quality thresholds.
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Delhi HC dismisses PIL challenging RBI, SBI for allowing ₹2,000 note exchange without ID proof

Live Mint 29 May 2023
Therefore, petitioner also seeks direction to RBI and SBI to take steps to ensure that ₹2000 banknotes are deposited in bank account only,' the plea stated.Depositing ₹2000 currency notes in bank accounts would ensure that people having black money and disproportionate assets ...
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NBFCs across the spectrum post record disbursements in FY23

Business Line 29 May 2023
With a pick up in consumption after two years of the pandemic, non-banking lenders across segments saw record growth in disbursements and assets during the previous fiscal ... categories to diversify its asset book.
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Banks finding novel ways to conceal stressed loans: Das

Live Mint 29 May 2023
On banks’ business models, Das said boards must pay specific attention to asset liability management (ALM) of banks, as suboptimal ALM can lead to serious liquidity risks and destabilizing effects on the bank, as seen in the US recently ... He was quick to add that the Indian banking ...
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SBP Governor for standardizing 'Islamic financial contracts'

Urdu Point 29 May 2023
The governor showed satisfaction that Islamic banking had grown into a systemically important sector in the country both in terms of assets base and current market share ... The lack of adequate sovereign assets has remained a major impediment to the regular issuance of asset-based Sukuk until recently.

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Russian President Vladimir Putin chairs a Security Council meeting via videoconference in Moscow, Russia, Wednesday, April 5, 2023
AP / Gavriil Grigorov
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