Muscat: As part of its steadfast commitment to fostering sustainable growth and driving excellence within the Islamic financial landscape, Sohar Islamic, the Islamic banking window of Sohar International, has signed a Memorandum of Understanding (MoU) with the Islamic International Rating Agency (IIRA). The collaboration underscores the bank’s proactive approach to aligning with global benchmarks in
Synopsis When you look at the banking sector, it is not just about excel sheets. It is about the ability to differentiate between the white, black, and grey in terms of the businesses that banks finance. Today, a bank financing exporters faces more uncertainty than one giving loans to domestically-focused companies. But what happens to
The separation of banking and commerce is becoming untenable. As the user experience becomes more digital, the distinction washes out. It all starts to look like data processing, writes Max Bonici, of Davis Wright Tremaine.Adobe Stock There is a pervasive myth that banking and commerce are — and must be — separate in the United
Benchmark equity indices Sensex and Nifty advanced on Tuesday, marking their sixth straight day of rise helped by gains in banking and FMCG shares and foreign fund inflows. Gains in banking and FMCG stocks as well as foreign capital inflows helped the benchmark equity indices, the Sensex and Nifty, increase on Tuesday for the sixth
The International Monetary Fund has sharply cut its growth forecasts for this year because of the disruption caused by the tariffs on imports introduced by the US. It says the tariff regime introduced on 2 April by the Trump administration will cut global economic growth by half of one per cent – reducing it to
Abu Dhabi: Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand surge to AED 12.3 billion, a 17% increase from the previous year, according to Brand Finance Journal’s latest Top 500 Banking Brands report. As a result, ADCB has advanced seven places in the global banking brand value rankings to the 102nd
Bank stocks will be in focus on Tuesday, April 22, after the Reserve Bank of India (RBI) proposed easier liquidity norms. The RBI has released the final guidelines on Liquidity Coverage Ratio (LCR), which seem to be far softer than the earlier draft guidelines. According to the central bank, these changes are expected to lead
The Reserve Bank of India on Monday permitted banks to allow minors above the age of 10 years to open and operate savings and term deposit accounts independently. The banks are free to offer additional banking facilities like internet banking, ATM/ debit cards and cheque book facility to the minor account holders on the basis
As bulls charge ahead in 2025, India’s stock market displays robust momentum. The Nifty50 index is inching to its 2025 highs (24,226), while Bank Nifty has already set a new milestone, crossing the 55,000 mark. However, the IT index is one sector lagging in the rally, raising a critical question for investors: Has IT stock
Four major crypto companies are seeking various banking licenses in a strategic effort to integrate digital assets with traditional financial systems, according to a new Wall Street Journal report. According to the WSJ report, USDC-issuer Circle and BitGo are pursuing federal bank charters that would allow them to function as conventional lending institutions, offering deposit