Sensex, Nifty rise to record; banks gain on Kotak-ING deal

November 21st, 2014

it should be interested what change will this make

Reuters Market Eye – The BSE Sensex and Nifty hit fresh record highs on Wednesday with banking stocks leading the gainers. The 30-share Sensex rose as much as 1.03 percent to mark a record high of 28,358.91 while the broader Nifty gained as much as 1.04 …

Fitch Ratings Affirms 9 Kuwaiti Banks

November 21st, 2014

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(The following statement was released by the rating agency) LONDON, November 20 (Fitch) Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of National Bank of Kuwait (NBK), Kuwait Finance House (KFH), Gulf Bank (GB), Commercial Bank of …

Live: Banks drive rally; Sensex hovers near record highs

November 21st, 2014

and i though i was the only one to see it this way

1:00 pm: Stocks continued to trade steadily higher in afternoon Mumbai trading, slightly off the day’s fresh all-time highs hit early. Bank stocks were buoyant following a merger deal between Kotak Mahindra and ING Vysya announced yesterday. At the time …

Azealia Banks Is A Secret Directioner

November 21st, 2014

can believe what i am reading, so unfair

We knew Azealia Banks had pretty diverse musical tastes — she teamed up with Ariel Pink on the song “Nude Beach A-Go-Go,” which appears on both their records — but we couldn’t have guessed this. Apparently, the “Ice Princess” herself is into …

Arun Jaitley Asks Banks To Increase Credit Flow And Reduce NPAs

November 21st, 2014

maybe this will change things

Union Finance Minister Arun Jaitley has asked the public sector undertaking (PSU) banks to increase the credit flow and check the rising non-performing assets (NPAs). “There is a great opportunity for India to attract foreign investment and a large number …

China considering raising leverage ratio for banks

November 21st, 2014

it should be interested what change will this make

The China Banking Regulatory Commission (CBRC) began phasing in new higher capital adequacy requirements last year, in line with the Basel III standards, as Chinese policymakers aim to fortify banks against the risks from a slowing economy. The leverage …

Banks asked to inform customers in advance about fall in minimum balance

November 21st, 2014

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RBI also asked banks to ensure that the balance in savings account does not turn into negative balance mainly due to levy of charges for non-maintenance of minimum balance The Reserve Bank of India (RBI) on Thursday asked banks to inform their customers …

Kenya: Top Five Banks Rake in Sh44.4 Billion in Nine Months

November 21st, 2014

if people only knew

KENYA’s top five banks earned a net of Sh44.4 billion for the first nine months of the year. Standard Chartered bank – the last among the top five to release its financial results for the third quarter – reported yesterday that its group profit after tax …

Private sector banks more secular play compared to PSU banks: Manish Gunwani, ICICI Pru AMC

November 21st, 2014

so interesting

In a chat with ET Now, Manish Gunwani, Sr Fund Manager, ICICI Pru AMC, shares his views on the current market scenario. Excerpts: ET Now: Arundhati Bhattacharya believes interest rates will come down sooner rather than later, and sounded fairly optimistic …

Banks defend their commodities activity

November 21st, 2014

this is so true

U.S. bank officials Thursday pushed back against a Senate report’s findings that their industry’s emergence as major owners of aluminum, oil, gas and other commodities raised questions about market manipulation, economic risk, improper trading and higher …