Tag archive for ‘Banking industry news’
HSBC to offload French retail banking business to My Money Group
By businessnewstoday On Saturday, June 19th, 2021
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HSBC to offload French retail banking business to My Money Group

(adsbygoogle = window.adsbygoogle || []).push({}); HSBC Continental Europe (formerly HSBC France) will divest its French retail banking business to Cerberus Capital Management-controlled More...

Centrum Financial Services Limited, BharatPe get RBI approval to set up small finance bank
By businessnewstoday On Friday, June 18th, 2021
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Centrum Financial, BharatPe get RBI approval to set up small finance bank

Centrum Financial Services Limited has secured an approval in-principle from the Reserve Bank of India (RBI) to establish a small finance bank (SFB) with Resilient Innovations Private Limited (doing business as More...

Infosys Finacle launches digital banking SaaS offering for Indian UCBs
By businessnewstoday On Friday, June 18th, 2021
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Infosys Finacle launches digital banking SaaS offering for Indian UCBs

Infosys Finacle has launched a digital banking SaaS offering to help Indian urban cooperative banks (UCBs) in modernizing their business and operations. Designed as an accessible solution, the Infosys digital banking More...

ICICI Bank launches SWIFT gpi Instant for cross-border inward remittances
By businessnewstoday On Tuesday, June 15th, 2021
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ICICI Bank launches SWIFT gpi Instant for cross-border inward remittances

ICICI Bank has partnered with SWIFT to provide a facility called SWIFT gpi Instant for enabling overseas partner banks to send instant remittances on behalf of their customers to beneficiaries staying in India. According More...

Liberty Bank and Trust to acquire Tri-State Bank of Memphis for $965m
By businessnewstoday On Saturday, June 5th, 2021
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Liberty Bank and Trust to acquire Tri-State Bank of Memphis for $965m

Liberty Bank and Trust Company has agreed to acquire Tri-State Bank of Memphis in an all-cash deal worth around $965 million in a move to foray into the Memphis, Tennessee market. Based in New Orleans, Louisiana, More...

Wipro, Finastra to help corporate banks expedite digital transformation
By businessnewstoday On Thursday, June 3rd, 2021
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Wipro, Finastra to help corporate banks expedite digital transformation

Wipro has entered into a partnership with UK-based fintech company Finastra to help corporate banks in the Asia-Pacific region expedite their digital transformation. The partners aim to create a unique offering More...

Intellect Design Arena's iGTB business to help Canadian Western Bank to boost payment service technology
By businessnewstoday On Monday, May 31st, 2021
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Intellect Design Arena to help Canadian Western Bank boost payment service technology

Intellect Design Arena said that its transaction banking unit – Intellect Global Transaction Banking (iGTB) has been selected by Canadian Western Bank (CWB) to boost its payments service technology for business More...

Dollar Mutual Bancorp completes $156m merger with Standard AVB Financial
By businessnewstoday On Sunday, May 30th, 2021
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Dollar Mutual Bancorp completes $156m acquisition of Standard AVB Financial

Dollar Mutual Bancorp has wrapped up its previously announced $156 million worth acquisition of rival Pennsylvania-based bank holding company Standard AVB Financial Corp. While Dollar Mutual Bancorp is the mutual More...

HDFC Bank fined Rs 10cr by RBI for irregularities in auto loan portfolio
By businessnewstoday On Saturday, May 29th, 2021
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HDFC Bank fined Rs 10cr by RBI for irregularities in auto loan portfolio

HDFC Bank has been fined INR 10 crore by the Reserve Bank of India (RBI) for deficiencies in regulatory compliance pertaining to the marketing and sale of third-party non-financial products to its customers. The More...

UCO Bank reports net profit of Rs 80 crore for March 2021 quarter
By businessnewstoday On Friday, May 28th, 2021
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UCO Bank reports net profit of Rs 80 crore for March 2021 quarter

UCO Bank has reported a net profit of INR 80.02 crore for the quarter ended March 2021 compared to a net profit of INR16.78 crore in the same quarter of 2020. For the year ended March 2021, the Indian government-owned More...