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Firstsource bags Rs 50-cr deal from Axis Bank

MUMBAI: Back office provider Firstsource Solutions has clinched a five-year outsourcing agreement with Axis Bank, India’s third-largest private sector bank. As part of the agreement, Firstsource will provide customer services through voice, email and

First Gen signs $142-M bank loan

Philippine Daily Inquirer Filed Under: Energy & Resources, Energy, Banking, Investments FIRST GEN Corp. yesterday signed a $142-million loan to finance the Lopez-led firm’s investments and capital requirements. In a disclosure to the Philippine Stock

Mainland exposure poses risks for HK banks: S

Ratings agency warns of dangers arising from China-related lending With increased exposure to the mainland market, the risk factor for Hong Kong markets is also on the rise, according to a new report on the city's banking sector by ratings agency

Commercial banks fail to “conquer” traditional markets

VietNamNet Bridge – Commercial banks have been trying to provide loans to small merchants at traditional markets for the last 15 years. However, though offering loans with lower interest rates, they still cannot dislodge individual lenders from their

Minister Talks To Banks About Flexibility For Quake Victims

By Maggie Tait of NZPA Wellington, Sept 7 NZPA - Banks and Inland Revenue have promised to be flexible for people recovering from the Canterbury quake but that will be tested over time, Finance Minister Bill English says. Mr English spoke to all the bank

BOJ to stand pat on policy, keeping gunpowder dry

By Leika Kihara TOKYO, Sept 7 (Reuters) - The Bank of Japan is expected to forego any further monetary easing at Tuesday's policy meeting, saving its limited firepower for when there is clearer evidence of the harm the strong yen has inflicted on the

EU calls for bank levy to protest taxpayers (The West Australian)

Levies on banks across Europe should be designed to avoid costly bills for ordinary taxpayers if debts go bad again in future, and not to prop up short-changed governments, the EU said overnight.The drive to force banks to pay a percentage of their

Minister talks to banks about flexibility for quake victims

HSBC chairman in line for trade minister role

Details of the appointment are still being finalised, with several high-profile business leaders having been approached about the role, but Mr Green could be unveiled as early as today, Sky News reported last night. Confirmation of a new trade minister

Pinstripe suits - gangster or banker?

I have a love-hate relationship with the pinstripe suit. I like a few variations on the theme chalk stripes definitely get me excited as a tailoring aficionado and Anglophile, but I also like a thinner, bolder stripe. I don't really go for them if

Association of Banks Fiji says stolen money won?t impact banking security.

The Association of Banks Fiji says money that has been stolen from the ports earmarked for the Reserve Bank won’t impact on banking security for other banks. Police are now hunting for thieves who stole more than half a million US dollars destined for

9:02AM Bank stress tests understated holdings

EUROPE'S recent "stress tests" of the strength of major banks understated some lenders' holdings of potentially risky government debt. As part of the stress tests, 91 of Europe's largest banks were required to publicly reveal how much government debt

Banks: Centennial withdraws from pricey downtown offices

Arkansas-based Centennial Bank has vacated the former downtown Orlando branch and administrative offices of failed Old Southern Bank, bank officials confirm. Centennial acquired Old Southern in March after the once-fast-growing community bank failed amid

Barclays reportedly set to name Diamond as CEO

SYDNEY (MarketWatch) - British banking group Barclays PLC /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 20.28, 0.00, 0.00%) /quotes/comstock/23s!a:barc (UK:BARC 322.85, -2.15, -0.66%) is expected to announce a change of chief executive officers on

BRIEF: IDBI Bank aims to double its customer base in a year

IDBI Bank is aiming to double its client base to 10 million (one crore) customers in the next 12 months by pursuing an aggressive expansion plan. In the next one year, the bank is planning to open around 260 branches and set up 500 automated teller

Bob Diamond to replace John Varley as Barclays chief executive

Extract not available.

Bank credit: Stakeholders seek creation of NCGC

Stakeholders in the financial sector have called for the establishment of a National Credit Guarantee Corporation to assist Nigerian small and medium enterprises with good projects that banks consider too risky to finance. Lack of collateral to obtain

AFREXIM Bank pledges partnership to support African agriculture

AFREXIM Bank said it was ready to explore partnership with other institutions to enhance agricultural productivity in Africa. Executive Vice-President, African Export-Import Bank, Mr Benedict Oramah, said this in an interview with the News Agency of

Reserve Bank's considerations

Cees Bruggemans outlines what the Bank should consider before its decision on rates.

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