Banking Economy

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India Needs Fewer And Mega Banks: Finance Minister

Kashmir Observer 19 Feb 2019

NEW DELHI — Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector ... utilisation, the economies of scale as far as banking sector is concerned are of great help," he said....

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Slowdown 'significant' French rate setter warns

Irish Independent 19 Feb 2019

The slowdown of the European economy is "significant" and the European Central Bank (ECB) could change its interest rates guidance if it becomes clear the situation isn't temporary, an ECB governing council member has said ... The slowdown of the European economy is "significant" and ......

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Pakistan has come out of financial crisis: SBP governor

Dawn 19 Feb 2019

Governor of the State Bank of Pakistan Tariq Bajwa has said the country has come out of the financial crisis with the help of friendly countries and the economy has been set on the right path. Speaking at a private university in Lahore on Monday, he said uncertainty in the economy had ended ... It has so far retired about $2.9tr to the scheduled banks....

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FOREX-Euro weakens as slowdown fears grow

This is Money 19 Feb 2019

Bank of Japan Governor Haruhiko Kuroda told the Japanese parliament the central bank was ready to ramp up stimulus if a rising yen hurts the economy and keeps Japan from hitting the bank's 2 percent inflation target....

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Digital lending moves to ease financing woes

China Daily 19 Feb 2019

Efforts set to help commercial banks expand credit options for small firms  ... They understand that the Chinese economy can only rise along with private enterprises and that commercial banks should follow in the footsteps of these companies, whereas speculation is just a method of short-term investing....

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Haruhiko Kuroda says BOJ ready to ease if yen rise hurts price goal path

Moneycontrol 19 Feb 2019

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 ......

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Banking sector reforms: High fiscal costs, lessons and alternatives - 1

Joy Online 19 Feb 2019

This implies that policy choices are non-zero and, therefore, with the tapering of the Bank of Ghana (BoG) and Ministry of Finance (MoF) financial sector measures, we can begin to analyse the high fiscal and other costs they impose on the economy, investors, taxpayers, depositors, and employees....

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Kuroda says BOJ ready to ease if yen rise hurts price goal path

Yahoo Daily News 19 Feb 2019

... bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target....

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RBI to prod banks to pass on rate cuts to borrowers

The Times of India 19 Feb 2019

Reserve Bank of India governor Shaktikanta Das will meet top officials of state-run banks and private sector lenders later this month to discuss the issue of transmission of the central bank’s rate cut move to the wider economy ... FM Arun Jaitley said the country needs fewer and bigger banks to achieve economies of scale in the banking space....

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Mexico pushes mobile payments to help unbanked consumers ditch cash

This is Money 19 Feb 2019

"Mobile phones will become banks.". Phone-based banking has proven a hit among the poor in other emerging markets such as China, India and Kenya ... GRAY ECONOMY ... "People who work and live in the informal economy do not want to be taxed," said Carlos Lopez, director for retail strategy and new digital business at Mexico's largest bank, BBVA Bancomer....

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Bank of Japan signals possible monetary easing

Hong Kong Standard 19 Feb 2019

Bank of Japan governor Haruhiko Kuroda said today the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path ......

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RBI to transfer Rs 28,000 crore to government as interim dividend

Yahoo Daily News 19 Feb 2019

After his customary post-Budget meeting with the central bank board, finance minister Arun Jaitley said India needed fewer and larger lenders to achieve the economies of scale, amid speculation that more mergers may be in the offing in the public sector banking space after the amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda....

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Barclays to help small businesses cope with Brexit uncertainty

AOL 19 Feb 2019

Banking giant Barclays has ramped up measures to help small businesses navigate the risks posed by continued Brexit uncertainty ... Ian Rand, chief executive of Barclays Business Bank, added. “SMEs are the lifeblood of the UK’s economy and the good news is that we continue ......