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Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31, 2017, PSBC has 39,798 branches covering all regions of China.PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 billion in deposits and the second largest number of branches, after the Agricultural Bank of China. Read More
In a major blow to Yes Bank and its CEO Ravneet Gill, Uttam Prakash Agarwal, Chairman of the bank's Audit Committee and Independent Director, resigned on Friday with immediate effect, citing the falling standards of corporate governance and complianc ...
World Bank has cautioned India that credit flow from the non-bank financial companies (NBFC) is expected to linger while growth will remain subdued at 5 per cent for the current fiscal. ...
Three loss making PSU Banks Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government. ...
State-run Punjab National Bank (PNB) is yet again in the news in connection with "fraud" after the former Maruti Suzuki Managing Director (MD) Jagdish Khattar was booked by the CBI in a Rs 110 crore alleged bank loan fraud case involving his new comp ...
The Sensex advanced nearly 200 points on Wednesday but further gains were capped as investors held their bets ahead of the release of GDP numbers later in the day. The Sensex closed at 41,021 while the Nifty settled at 12,101. ...
Selling intensified towards the closing bell on Friday after markets digested Moody's downgrade of India's sovereign outlook from 'stable' to 'negative' citing increasing risks to the country's economic growth. ...
