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Agricultural Bank of China Ltd., the first of the nation’s biggest lenders to report fourth-quarter earnings, posted an unexpected decline in profit as net fee income fell and bad-loan provisions swelled. Profit was 27 billion yuan ($4.4 billion) in the three months ended Dec. 31, down from 28.3 billion yuan a year earlier, a Hong K...
HDFC Bank is morphing into a full-scale digital bank and is also exploring opportunities in the semi-urban and rural areas, says MD and CEO Aditya Puri. Edited excerpts of an interview with Business Today ON CHALLENGES IN RURAL AND SEMI-URBAN AREAS The challenges were in the areas of operations, product , sales and technology some thre...
Goldman Sachs has already nailed its colours to the mast when it comes to a potential UK exit from the EU – essentially saying it will be forced to move out of London. So far, this has been treated as posturing, with Paris and Frankfurt only happy to present themselves as viable alternatives to the City.However, investment banks may ...