All articles by Verdict Staff
Verdict Staff
RBI fines ICICI, Bank of Baroda over customer protection rules violation
The Reserve Bank of India (RBI) has fined ICICI Bank and Bank of Baroda over violations of Know Your Customer (KYC) and anti money-laundering norms.
Itaú Unibanco eyes Banamex acquisition to foray into Mexican market
Itaú Unibanco Holding plans to acquire Grupo Financiero Banamex in a bid to foray into the Mexican retail banking market.
Global Payments, BPI establish joint venture
Global Payments, a worldwide provider of payment solutions, and Bank of the Philippine Islands (BPI), a commercial bank in the Philippines, have formed a joint venture to provide merchant acquiring and payment services in the Philippines.
EU to cap card transaction fees
European Union governments and the economic committee of the EU parliament have reached an initial deal on capping fees charged for paying with debit or credit cards across the 28-nation EU under uniform rules.
BTG Pactual obtains banking license in Chile
Brazilian investment banking firm BTG Pactual has secured a permanent banking license from Chilean banking regulator SBIF, according to Reuters.
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The future of the retail bank
Steve Walters argues that the retail banking sector is undergoing an exciting era of transformational change, energised by innovation from recent banking start-ups. The challenge to the established banks is to up their game or lose market share to the new entrants
Mashreq, Etisalat launch Me-Life credit card
Mashreq, an UAE-based banking institution, in partnership with Middle Easts telecommunication operator Etisalat, has launched the Mashreq Etisalat Visa Signature Credit Card, the Me-Life credit card in the UAE.
Portugals Banco BPI eyes acquisition of Novo Banco
Portugals Banco BPI is set to participate in the first round of bidding process for buying Novo Banco.
Serbia’s central bank grants operating licence to UAE’s Mirabank
The National Bank of Serbia (NBS) has issued an operating licence to Mirabank, a unit of UAEs Royal Group conglomerate.
SBI selects Amdocs to offer mobile banking services to unbanked Indians
State Bank of India (SBI) has selected Amdocs’ Mobile Financial Services solution to offer affordable and secure mobile banking services to unbanked and under-banked population in rural India.