All articles by Verdict Staff
Verdict Staff
Postal Savings Bank of China plans to raise $1bn in pre IPO stake sale
The Postal Savings Bank of China is planning to raise a minimum of $1bn from investors in stake sale prior to a planned initial public offering (IPO).
Spain’s BBVA to divest 4.9% stake in China CITIC Bank
Spains BBVA has signed an agreement to sell a 4.9% stake in China CITIC Bank to Chinese real estate developer Xinhu Zhongbao for HK$13.13bn (nearly 1.46bn).
Antwerp Diamond Bank seeks buyer for India operations
Antwerp Diamond Bank (ADB) is eyeing sale of its India operations and is looking for a buyer.
Webster Bank introduces Touch ID authentication
Webster Bank has launched Apples Touch ID authentication for Monitise-powered mobile banking app.
Yes Bank to hire up to 2,000 new employees
India’s private sector lender Yes Bank is planning to hire between 1,500 and 2,000 new employees to facilitate retail expansion plans.
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Russia’s VTB 24 to close over 50 offices, shrink staff
Russia’s retail lender VTB 24 will shut down over 50 offices and reduce staff by 5% to 7% in a cost cutting drive.
Reliance Capital gets shareholders’ nod for stake sale to Sumitomo Mitsui Trust Bank
Indian financial services unit Reliance Capital has secured shareholders’ approval for its initial 2.77% stake sale in the company to Japans Sumitomo Mitsui Trust Bank (SMTB) for INR3.71bn ($58.4m).
ICICI Bank to roll out NFC-technology based e-wallet
Indian private sector lender ICICI Bank is set to roll out a digital wallet in this year, said ICICI executive director Rajiv Sabharwal.
Kotak Mahindra Bank introduces social savings bank account
Kotak Mahindra Bank has come up with a new social savings bank account which can be seamlessly managed via Twitter and Facebook.
Chinas central bank pumps $8.1bn into banking system
The People’s Bank of China (PBOC) has pumped another CNY 50bn ($8.1bn) of short term loans into the countrys banking system.