Why do banks take deposits?
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To answer a question I am often asked, and which was asked in response to relevant infographics on banks, I offer this: How to expand Read the full article...
Access Bank has come under fire as customer alleged mysterious disappearance of ₦3m savings.  NewsOnline Nigeria reports that Access Bank has come under scrutiny following alle...
Kayode Tokede Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) declined by 1.14 per cent month-on-month to N82.99 trillion in August 2026, from N83.96 trillion recor...
These instructions come in the wake of banks following differing practices in dealing with bulk deposits
Tanzanian customers whose deposits were frozen following the closure of FBME Bank Limited will receive 100 percent of their money after the Deposit Insurance Board (DIB) launched t...
Share of fully protected accounts remained overwhelmingly high at 97.38% in FY26, only marginally lower than 97.56% in FY25 and 97.78% in FY24
A District Level Review Committee (DLRC) meeting to review the performance of the banking sector in Anantnag district for the quarter ending June-2026 (Q1 FY 2026–27) was held toda...
Omolabake Fasogbon The Central Bank of Nigeria (CBN) has urged commercial banks to expand credit creation, following the N4.65 trillion raised in the just concluded recapitalisatio...
To enhance customer centricity and promote inclusive banking, PSBs have reviewed their service charge structures.
Aggrieved Heritage Bank depositors are renewing calls for the Federal Government, CBN, and NDIC to ensure full repayment of their outstanding funds. Read More: https://punchng.com...
The scheme aims to attract stable foreign currency inflows, strengthen India’s balance of payments, bolster forex reserves and support rupee stability
While no immediate action is needed for affected customers, there are benefits to opening a Trust savings account early. The post From StanChart To Trust Bank: What Happens If Your...
The latest Black Banx financial publication pairs 115.3 million customers with USD 153.3 billion in deposits, rising quarterly income and a lower cost/income ratio. Black Banx repo...
Among Banks, State Bank of India and Punjab National Bank have reportedly seen fresh inflows of about $1.90 billion and $425 million via fresh FCNR (B) deposits
Customer deposits grew by 11 percent to KSh551 billion, with total assets rising by 11.5 percent to KSh739 billion.
The state-owned lender expects global advances to grow 15-16 per cent in 2026-27. Deposits are seen growing 13-14 per cent.
• Says misinformation currently poses significant threats to banking systems, adds public trust, crisis preparedness crucial • Cardoso: bank recapitalisation has strengthened finan...
We want our balance back, but we can’t access the money to pay for essential repairs and settle an electricity billLast November, Lloyds Bank informed me, in my role as treasurer o...
KUDZANAI GEREDE G THE People’s Own Savings Bank (POSB) has remitted a record US$5,14 million dividend payout to its shareholder, the Mutapa... To access this content, pl...
THE People’s Own Savings Bank (POSB) recorded a profit of ZWG108,48 million in the first half of the year amid plans to diversify revenue streams going into the second half of the...
And the inflows are gathering pace as the RBI has cut short the deadline to offer concessional swap facility for fresh FCNR-B deposits mobilised by banks by a month to August 31, 2...
Tokenized deposits are bank money on blockchain rails: insured, interest-capable, and the banks' answer to stablecoins. How they work and differ.
This will affect those who have a savings, credit card or mortgage - however, there is expected to be no change to the way customers manage their accounts
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