Tag: Banking
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Why Himbara Bank Shares Are Falling in the Prabowo Era
Overview: The Himbara shares under pressure Investors watching Indonesia’s stock market have lately noted a familiar pattern among the so‑called Himbara banks—the group of state‑owned lenders that includes major names like BRI, BNI, and BTN, and more recently the addition of SHIBs and syariah units. As President Prabowo’s administration navigates a tougher macro environment, the…
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Two Gaza Bank Branches Reopen Without Cash: Partial Access Returns
Gaza City sees limited banking activity as two branches reopen Amid months of renewed violence and a volatile humanitarian situation, two Bank of Palestine branches in Gaza City opened their doors again for the first time in years of conflict. The move, described by officials as partial and cautious, allows limited customer access—but crucially, it…
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Gaza Bank Branches Reopen Partially, but Cash Remains Elusive
Two Gaza Bank Branches Reopen—But Cash Freedom Remains Out of Reach In a rare development amid years of conflict and financial disruption, two Bank of Palestine branches in Gaza City reopened their doors to the public. The partial restart marks a tangible, if limited, step toward restoring some access to financial services for residents who…
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Two Bank Branches Partially Reopen in Gaza, Cashless Access Sparks Hope Amid Crisis
Gaza’s Financial Doors Reopen, Yet Cash Remains Elusive In a rare moment of financial activity amid two decades of conflict, two branches of the Bank of Palestine resumed operations in Gaza City. The reopened locations began offering limited banking services, but cash withdrawals remained unavailable, underscoring the ongoing liquidity crisis and the fragile nature of…
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Utkarsh Small Finance Bank shifts away from JLG loans as retail deposits rise in Q2 FY2024-25
Strategic shift: From JLG to secured lending Utkarsh Small Finance Bank (USFB) reported a mixed performance for the September quarter, underscoring a deliberate shift in its lending strategy. The bank’s overall gross loan portfolio (GLP) declined by 2.3% year-on-year to ₹18,655 crore, with a sequential dip of 3%. This contraction includes Inter-Bank Participation Certificates (IBPCs),…
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Net-Zero Banking Alliance Shuts Down: What Happened and What It Means
Origins and Promise: The NZBA’s Global Push toward Net-Zero In April 2021, as part of a broader push to align financial activity with climate goals, former U.N. special envoy for climate action and finance Mark Carney helped found the Net-Zero Banking Alliance (NZBA). The coalition brought together 63 banks from 32 countries, collectively managing about…
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Net-Zero Banking Alliance shuts down after member exodus
The end of an era for climate finance governance The Net-Zero Banking Alliance (NZBA), the industry-led initiative once championed by former U.N. climate envoy Mark Carney, has ceased operations after losing most of its membership. The organization, launched in April 2021, effectively shut down on Friday, four years after its public debut as a collective…
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3-Hour Cheque Clearance Takes Off: RBI Pilot and Banks’ Next-Day Rollout
What is the 3-Hour Cheque Clearance? India’s financial system is moving toward speeding up how quickly cheques are converted into cash. The Reserve Bank of India (RBI) has announced a framework aimed at clearing cheques within about three hours. In parallel, private lenders have signaled support for faster processing. The combination could reduce the traditional…
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3-Hour Cheque Clearance: RBI and Banks Roll Out Cheques
What is changing with 3-Hour Cheque Clearance? India’s cheque processing landscape is evolving. The Reserve Bank of India (RBI) has introduced a 3-hour cheque clearance framework, aiming to convert cheque deposits into available cash within a few hours rather than the traditional 24- to 48-hour window. This shift could significantly improve cash flow for individuals…
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Israel Salary Delay on Yom Kippur Boosts Bank Revenue
Overview: Israel’s October payroll faces an unusual delay The current year features a noteworthy Israel salary delay caused by Yom Kippur overlapping with the typical payroll cycle. This year, the eve of Yom Kippur falls on October 1, the day when many Israelis expect to receive September wages. Unfortunately, because the Bank of Israel’s payments…