Officials from Britain’s finance ministry and the European Commission have discussed geopolitical risks and the vulnerabilities of non-bank financial firms, in the first official forum between the two sides on finance since Brexit.
India’s PNB Housing Finance reported a 45.8% rise in the second-quarter profit on Monday, aided by healthy demand for home loans and improved asset quality.
German reinsurer Munich Re said on Monday that net profit in the third quarter was around 1.2 billion euros ($1.27 billion), better than expectations, and it raised its outlook for the full year.
Goldman Sachs Asset Management has raised $4 billion for a new fund to invest in infrastructure assets globally, including energy transition, transport and logistics, the company said on Monday.
Shares of Kotak Mahindra Bank fell more than 2% on Monday after it named veteran banker Ashok Vaswani as managing director and CEO following founder Uday Kotak’s resignation, raising fears of volatility in the Indian lender’s business going forward.
Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.
India’s central bank has approved the appointment of veteran banker Ashok Vaswani as managing director and chief executive of Kotak Mahindra Bank , the private lender said in an exchange filing on Saturday.
Two of India’s top private banks – ICICI Bank and Kotak Mahindra Bank – reported a sharp increase in net profits for the July-September quarter, as strong growth in the economy helped drive consumer loans.
India’s Kotak Mahindra Bank reported a 24% increase in second-quarter net profit on Saturday, buoyed by healthy core lending income and robust loan growth.
