RBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply for universal banking license. Additionally, they need to have a net non-performing assets ratio less than 1% for the last two financial years. They also need to be profitable for the last two fiscals.
Here, we highlight the foundation of First Bank and 9 other oldest banks in Nigeria as the country maintains one of the most stable banking sectors in Africa.
Equitas Small Finance Bank Share Price: Axis Securities said that Equitas Small Finance Bank is a perfect candidate for re-rating. The brokerage has revised the target by 10 per cent., Markets News, Times Now
Union Bank of the Philippines (UBP) is the first universal bank to successfully issue the country’s first-ever offering of Digital Peso Bonds, opening the door to a future filled with more digitally-based asset offerings.