Banking

Muscat: the total credit extended by Other Depository Corporation (ODCs), which consist of conventional and Islamic banks in Oman, recorded a growth of 3.5...

Brussels: Germany and its Western allies agreed Saturday to cut "selected" Russian banks out of the SWIFT global payment system.The move is part of a new...

Mumbai: State Bank of India, the country's largest lender, on Saturday said its net profit surged 62.27 per cent to Rs 8,432 crore in the third quarter of...

Mumbai: The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies (NBFCs)."The PCA...

Mumbai: The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for...

New Delhi: State Bank of India (SBI) has recorded its highest quarterly net profit of Rs7,627 crores in Quarter 2 of the Financial Year 2021-22, which...

New Delhi: The Indian government today announced the structure of its massive new National Bank for Financing Infrastructure and Development (NaBFID), which...

New York: The IMF announced the departure of chief economist Gita Gopinath on Tuesday. She will return to Harvard University in January as planned when her...

Mumbai: The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the eighth time straight and continued with an accommodative stance.The...

Muscat: In solidarity with national relief efforts, Bank Muscat, the leading financial services provider in the Sultanate, has announced the contribution of...