Fri, November 29, 2024

by: Bill Williamson

CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi

Euro 25 million (around Rs 223 crore) was raised from the German Investment Corporation DEG and Rs 170 crore from Citi in a co-financing arrangement.

by: Bill Williamson

EPFO's Central Board of Trustees to meet on November 30, several investment related decisions to be taken up

The Central Board of Trustees of the Employees' Provident Fund Organisation is set to meet for the first time this fiscal year on November 30 and will take up several important proposals around investments including the redemption policy for investments into equity traded funds.

by: Bill Williamson

ERP vs CRM: Understanding the Key Differences

Confused about the difference between CRM and ERP? Discover how each system can enhance your business operations in our comprehensive guide.

by: Bill Williamson

I put my dreams on hold for a stable career in finance. 6 years in, I gave up my 6-figure salary to move to Hawaii and start over.

Adam Knorr started working in finance after college but always knew it wasn't for him. After quitting right before a promotion, he moved to Hawaii.

by: Bill Williamson

Zenith Bank Expands Global Footprints With Paris Branch Launch

Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on

by: Bill Williamson

CreditAccess Grameen enters into co-financing arrangement with DEG and Citi

by: Bill Williamson

ESAF Small Finance Bank facing significant asset quality stress, mainly in Tamil Nadu and Kerala

ESAF Small Finance Bank has reduced its microfinance exposure from 72% to 62% and plans to further decrease it to 40% by the financial year 2026.

by: Bill Williamson

Lombard Odier indicted in Switzerland over money laundering

The Swiss Attorney General's Office (OAG) said on Friday it had indicted private bank Lombard Odier and one of its former employees over aggravated money laundering.

by: Bill Williamson

Dos and don'ts of borrowing from lending apps: Tips for safe and smart borrowing

Lending apps have revolutionized the way people access loans by making the process quick and convenient. However, borrowing money through these apps comes with its own set of risks. If not handled wisely, it can lead to financial strain or scams. Here's ...

by: Bill Williamson

Finance adviser calls for inclusive public financial management reform

by: Bill Williamson

Traffic management firm secures asset finance backing to fuel growth

City Traffic Management Services is targeting growth after securing a significant six-figure asset finance package.

by: Bill Williamson

Nisus Finance Services SME IPO: Issue opens on December 4; check key details

The IPO of Nisus Finance Services includes a fresh share sale of 56,45,600 equity shares amounting to Rs 101.62 crore and an offer-for-sale (OFS) up to 7,00,800 equity shares.

by: Bill Williamson

BoE finds potential vulnerabilities in financial market plumbing

The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets - did find some vulnerabilities but overall showed resilience.

by: Bill Williamson

Why Trump could be good for South Africa

South Africa has long struggled with its reputation as a volatile and risky emerging market, but it is now becoming a favorite among investors seeking to navigate a world with Donald Trump as the US president.

by: Bill Williamson

Bank of England finds some vulnerabilities in probe of central counterparties

The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets - did find some vulnerabilities but overall showed resilience.

by: Bill Williamson

RIL gains 2% as US based arm picks 21% stake in Wavetech Helium

As per the agreement, Reliance Finance and Investments will buy a 21 per cent stake for an aggregate consideration of $12 million

by: Bill Williamson

UBA to begin full banking operations in France

During the visit, the Chairman of UBA Group, Tony Elumelu, in the presence of Tinubu and the President of France, Emmanuel Macron, signed the agreement indicative of support by the French Government for the development of UBA's full banking operations in France.

by: Bill Williamson

The films, shows, and books Wall Streeters think best illustrate their work lives

What 2024's rising stars of Wall Street say about the TV shows, movies, or books that best represent their daily lives at work.

by: Bill Williamson

IIFL Finance to raise upto Rs 500 cr via NCDs

by: Bill Williamson

Istanbul Metropolitan Municipality to hold investor meets in UAE and Doha

by: Bill Williamson

Players and powerhouses shaping Africa's VC landscape

Despite 2023 marking the first decline in the volume and value of venture capital investment in Africa after a decade of growth, a

by: Bill Williamson

Otley Girlguiding unit receives grant from Skipton firm

by: Bill Williamson

Exclusive: HSBC pulling back from China credit card business after struggling to expand, sources say

HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.

by: Bill Williamson

Reliance subsidiary acquires 21% stake in US helium gas exploration, production company

Indian conglomerate Reliance Group signalled its intention to expand into the helium gas sector, with its US-based step-down subsidiary Reliance Finance and Investments ... expand its exploration and production business in low-carbon solutions.
Thu, November 28, 2024

by: Bill Williamson

UK Regulator Tempers 'Name and Shame' Proposals After Backlash

by: Bill Williamson

How South African SMEs can unlock innovation and cut costs by 25% with cloud computing

by: Bill Williamson

Hong Kong to offer crypto tax exemption for hedge funds and family offices

by: Bill Williamson

Received 28 proposals from 23 states for new city development: Govt

by: Bill Williamson

Andhra FM On Adani Deal: We Have To Consider The Legal And Financial Consequences

by: Bill Williamson

Nasscom signs MoU with DIFC to strengthen fintech and innovation collaboration

by: Bill Williamson

US Interest Rate Forecast for the Next 5 Years: Analyst Views

by: Bill Williamson

Musk Calls for Abolishing Consumer Agency GOP Has Long Targeted

by: Bill Williamson

Frequent Fliers Are Rethinking Loyalty Programs and Setting Themselves Free

by: Bill Williamson

AU Small Finance Bank enters into bancassurance partnership with Bharti AXA Life Insurance

by: Bill Williamson

1,500 Kerala govt staff found drawing pensions meant for the poor and old

by: Bill Williamson

Finance App Benchmarks (2024)

by: Bill Williamson

UK budget shows government doesn't understand business, says retail veteran

by: Bill Williamson

AU Small Finance Bank join hands with Bharti AXA Life Insurance

by: Bill Williamson

True cost of Rachel Reeves' farmer tax laid bare - and exact number of businesses impacted

by: Bill Williamson

The travel bug is mutating: Event-driven gig journeys are the new thing

by: Bill Williamson

Best Day Trading Courses of 2024: Guide for Active Traders

by: Bill Williamson

Single table to know home loan rates and terms of various companies

by: Bill Williamson

GST, 45-day payment, credit, EoDB, more: Assocham-EGROW study suggests changes to overhaul MSME sector

by: Bill Williamson

Magnati partners with Aafaq Islamic Finance to support SMEs with embedded financial solutions

by: Bill Williamson

Best Investing Books of 2024: Guide to Trading

by: Bill Williamson

Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

by: Bill Williamson

COP29: Why Leaders of Poor Countries Walked Out of Climate Change Conference

by: Bill Williamson

Insurance regulator concerned on business concentration from banks; may ask insurers to reduce banks' share

Japanese banks sticking with Adani as Jefferies, Barclays review ties

JAPAN'S biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays are reassessing their exposure to the Indian conglomerate.

The article from The Business Times discusses how Japanese banks, including Mitsubishi UFJ Financial Group Inc (MUFG), Sumitomo Mitsui Banking Corp, and Mizuho Financial Group Inc, are maintaining their financial relationships with the Adani Group despite the conglomerate facing allegations of fraud and stock manipulation by Hindenburg Research. These banks have significant exposure to Adani Group, with MUFG alone having about $3 billion in loans to the group. Meanwhile, international banks like Jefferies and Barclays are reevaluating their ties with Adani due to the controversy. The Japanese banks' decision to stick with Adani is influenced by their long-standing relationships and the strategic importance of Adani's projects, particularly in infrastructure and energy sectors, which are seen as critical for India's development. However, this stance comes amidst a backdrop of increased scrutiny and potential risks associated with Adani's financial dealings.

Read the Full Business Times Article at https://www.businesstimes.com.sg/companies-markets/japanese-banks-sticking-adani-jefferies-barclays-review-ties