Banking

VTB Bank one of Russia’s leading banking institutions, is set to commence money transfer operations in Indian Rupees by the end of September. The bank will enable retail customers to transact funds directly with individuals and legal entities in...

State Bank of India (SBI) has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current accounts) through its mobile app YONO. This service is designed for NTB or 'new to...

Indian Bank has introduced a new initiative called ‘IB SAATHI’ (Sustainable Access and Aligning Technology for Holistic Inclusion) to bolster its financial inclusion efforts. The primary goal of IB SAATHI is to provide essential banking services to various stakeholders...

RAKBANK, also known as The National Bank of Ras Al Khaimah, a financial institution in UAE and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE. RAKBANK has enabled all their terminals to accept UnionPay contactless...

Mastercard and UK-based FinTech Paysend have expanded their collaboration to enhance cross-border payments for small and medium enterprises (SMEs), which are looking for ways to send money across the globe quickly and securely. While digital payments are seeing strong growth...

China's "shadow banking" sector is experiencing a growing crisis, posing a threat to an already troubled economy. Simultaneously, doubts are emerging about Beijing's capacity to use fiscal stimulus as a rescue strategy, according to a recent report. Bloomberg News reported...

UBS has recently announced a historic quarterly profit, setting a record for the largest ever reported by a bank. This achievement, with a staggering $29 billion (€26.6 billion) gain, is directly tied to its acquisition of Credit Suisse. Despite facing...