The CBI has said that Mehta along with others purchased gold from bullion banks abroad such as the Bank of Nova Scotia, Standard Bank, and Standard Chartered bank against the Standby Letters of Credit issued by Indian banks.
Bank of Baroda selling its subsidiaries in Ghana, and Trinidad and Tobago, is seen as part of a strategy to rationalize international operations
China is poised to block more than 120 foreign cryptocurrency exchanges as part of the government’s broader crackdown on activities related to digital money, according to state media. Authorities will block access in China to 124 websites operated
The Islamic bank is seeing 16% to 17% growth in savings, triple the pace at conventional banks, he said.
The research, commissioned by ANZ, estimates the average industry or retail super fund member is missing out on an additional $12,000 in retirement as a direct result of bank liquidity regulation.
The two institutions, the Bank of China and UnionPay, have achieved remarkable joint results in the areas of bank card issuance and product innovation.