Customers stand outside a bank branch in Amritsar, Punjab, India. File/Agence France-Presse
China’s banks extended new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-US trade dispute takes a bigger toll on the economy.
In a bid to shield India from the headwinds emanating from the ongoing general economic slowdown, the Central government has asked Public Sector Banks (PSB) to recommend ways to prop up growth.
State Bank of India (SBI), country’s largest lender, reported a more than three-fold increase in its net profit to Rs3,012 crore in the second quarter (July-Sept).
The Ministry of Finance said that the health of public sector banks (PSBs) which have been reeling under non-performing assets for the last few years has been restored and a total of 13 banks reported profits in the first half of the current fiscal.
Mercury Payments Services was acquired by Unitey Digital in January 2022 to democratize financial services for a large unaddressed market in UAE.
As per the figures made available by MarkNtel Advisors, the "UAE Luxury Eyewear Market" is anticipated to grow at a CAGR of around 4.2 per cent during the forecast period from 2022-27.
World stocks rose in holiday-thinned trade on Monday, helped by a bounce in oil as concerns over tight supply outweighed recession fears.