Latest Breaking News On - ரேண்ட் வங்கி - Page 1 : comparemela.com
Victims of Liberian gold mine disaster see groundbreaking complaint against development banks accepted – Global News Network
gnnliberia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gnnliberia.com Daily Mail and Mail on Sunday newspapers.
After Citi Group, another foreign bank prepares to exit the Indian market
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Close on the heels of Citigroup s decision to exit retail banking business in India, South Africa’s second largest bank - FirstRand Bank - with $118 billion in assets is the latest foreign bank to exit India. The news was broken to FirstRand staff in Mumbai - its only branch - via a videoconference on Tuesday. FirstRand s exit is the second retreat by a foreign lender in India within a week after US giant Citibank announced plans to sell its consumer banking business in 13 markets, including India late last week. First Rand India is a licensed financial services provider in India and operates as a branch of FirstRand Bank South Africa. In 2019, FirstRand Bank completed 10 years of operations in India under its corporate and investment banking franchise. According to FirstRand’s Bank India’s annual report (2019-20), its deposits stood at Rs 318 crore and advances at Rs 420 crore at the end of March 2020. Its investment book was of Rs 1,208 crore.
SWIFT announces new strategy for instant, frictionless payments and securities processing
Wednesday December 23 2020
Summary
Enabling seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
Made available through a next-generation digital platform that maintains SWIFT’s hallmark focus on resiliency and security.
Global, member-owned cooperative, SWIFT, has announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by its Board to enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions.
The cooperative will expand beyond financial messaging to provide comprehensive transaction management services. This new approach will support and accelerate innovation, paving the way for financial institutions independently or in collaboration wi