Barclays is set to close 14 more banks over the coming months, it has been revealed today. The bank has already announced more than 60 closures this year, following in the footsteps of several other major companies including NatWest, Lloyds Banking Group and Halifax. Barclays is set to close 14 more banks over the coming months it has been revealed …
The Reserve Bank of India on Tuesday said the scope of the Central Bank Digital Currency pilot is being expanded gradually to include more banks and locations. The pilot began with four banks -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- while four other banks -- Bank of Baroda, Union Bank of India, HDFC …
India needs more banks for sustaining high growth and doubling the credit-to-GDP ratio to 100 per cent, RBI board member Manish Sabharwal said on Tuesday. Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because “hope is not a strategy”. India needs to increase its credit-to-GDP ratio …
Chief Economic Adviser K V Subramanian on Sunday said that India needs more global sized banks to help the country achieve USD 5 trillion economy by 2024-25. So, if the Indian banking sector was proportional to the size of its economy, India should have been where South Korea is, which has six banks in the global top hundred. "If you …
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