Latest News for: Bank assets

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IDFC First Bank posts Rs 630-cr loss in Q1 on pandemic provisions

The Times of India 01 Aug 2021
Private lender IDFC First Bank ... "Regarding the loss during the quarter, we have made prudent provisions for the second wave, and expect provisions to reduce for the rest of the three quarters in FY22," said V Vaidyanathan, MD, IDFC First Bank ... Stock score of IDFC First Bank Ltd moved up by 1 in a month on a 10-point scale.View Latest Stock Report.
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Economic revival boosts H1 revenues and profits of UAE banks

Gulf News 01 Aug 2021
Country’s largest three banks by assets such as the First Abu Dhabi Bank (FAB), Emirates NBD (ENBD) and Abu Dhabi Commercial Bank (ADCB) reported double digit growth in net profits supported by decline in loan loss provisions, shrinking operating costs and improved non-interest income.
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Bitcoin crosses $40,000 to highest level since mid-May

The National 01 Aug 2021
Digital-asset related jobs postings by Amazon.com indicated that it may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead” ... Germany to allow institutional funds to hold up to 20% in crypto assets.
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Out of control and rising: why bitcoin has Nigeria’s government in a panic

The Observer 01 Aug 2021
In February, the government took fright and banned cryptocurrency transactions through licensed banks ... It’s a digital or virtual asset, operating outside of the traditional banking system, and its influence has soared, with a growing number of companies now accepting it for payments.
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Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50%

Bitcoin 01 Aug 2021
PRESS RELEASE ... About Antier Solutions ... With a presence in 3 continents, Antier Solutions has been providing services for cryptocurrency exchange development, cryptocurrency wallet development, crypto friendly banking solutions, asset tokenization, innovative DeFi protocol, and custom blockchain development services ... Media contacts.. Antier Solutions ... .
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A year after the Beirut explosions: a UN Resident Coordinator blog

Reliefweb 01 Aug 2021
... parliament, civil society, private sector, and international partners, in addition to the EU, World Bank and UN to ensure the reconstruction of critical assets, services, and infrastructure for equal access to quality basic services, as well as the implementation of key reforms.
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Moody's keeps Apicorp's credit outlook stable amid strong profitability

The National 31 Jul 2021
The agency based its assessment on the Dammam-based bank's "high capital adequacy, supported by a track record of strong profitability, robust asset quality and low levels of nonperforming assets, which balance relatively high leverage." ... its development assets," it added.Updated.
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IDFC First Bank reports net loss of ₹630 crore in Q1 on higher provisions

Business Line 31 Jul 2021
Private sector lender IDFC First Bank reported a standalone net loss of ₹630.04 crore in the first quarter of the fiscal year due to a sharp rise in provisions. The bank had reported a standalone net profit of ₹93.54 crore in the quarter ended June 30, 2020 ... The bank’s asset quality deteriorated.
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Irish banks would still meet capital requirement measure in EU stress test hit 

Irish Independent 31 Jul 2021
Both Irish banks are well capitalised and would meet the global regulatory requirement of at least 7pc of common equity tier 1 (CET1) capital compared to risk-weighted assets ... EU banks on average would retain CET1 capital worth over 10pc of their risk-weighted assets, down from a 15pc starting point, the EBA said on Friday.
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IDBI Bank recovers Rs 733 crore dues from Kingfisher Airlines

The Times of India 31 Jul 2021
Sharma said that the bank expected to bring down its gross non-performing assets to below 15% by recovery, growing its loan book and by selling around Rs 11,000 crore of loans in default to the National Asset Reconstruction Company promoted by banks ... “We expect to grow by 10% as a universal bank.
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Real estate investors' confidence remains intact: Savills

Yahoo Daily News 31 Jul 2021
Commercial office assets remained the frontrunner during Q2 2021 ... Despite the prevalence of remote working culture, commercial office assets remained the frontrunner during Q2 2021, garnering about 40 per cent share of the investment pie ... ATM Withdrawal, ICICI Bank, Salary, EMI, LIC Premium Rule to Change from August.
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IDFC First Bank logs Rs 630cr loss in Q1 on Covid provisioning

Yahoo Daily News 31 Jul 2021
The bank had posted a net profit of Rs 93.55 crore in the year-ago quarter ended in June 2020 and that of Rs 127.81 crore in the previous quarter ended in March 2021 ... On the asset front, bank's gross and net non-performing assets (NPAs) were at 4.61 per cent and 2.32 per cent respectively as of June 30, 2021.
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IDFC First Bank Q1 results: Covid provisioning leads to ₹630 cr net loss, asset quality dips

Live Mint 31 Jul 2021
Private lender IDFC First Bank on Saturday reported a net loss of ₹630 crore in the April-June quarter due to provisioning measures for cushioning the impact of the second wave of the Covid-19 pandemic ... On the asset front, bank's gross and net non-performing assets (NPAs) were at 4.61 per cent and 2.32 per cent respectively as of June 30, 2021.
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Bitcoin and Crypto Threaten the Dollar and Have Advantages Over CBDCs: Economist Steve Moore

The Daily Hodl 31 Jul 2021
Economist Steve Moore says that crypto assets such as Bitcoin are a threat to the dollar and have advantages over central bank digital currencies (CBDCs) ... That’s where these other cryptocurrencies come into play, and that’s exactly where they’re going to compete with, potentially, these digital central bank currencies.”.
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