MUMBAI : The banking hiring cycle has turned, as India’s top campuses are feeling the momentum again and premier engineering and business schools are humming. In the hushed corridors of the Indian Institute of Technology (IIT) campuses and the polished atriums of top business schools, recruiters from private lenders and foreign banks are back in force, testing and interviewing candidates, and handing out offer letters to the best fits. The placement websites display the names of ICICI Bank, Kotak Mahindra B ...

Core Insights - Wealth managers in Asia are increasingly allowing the younger generation of wealthy individuals to take control of their financial management, driven by an intergenerational wealth transfer that could amount to $5.8 trillion by 2030 [1][2] Company Overview - Maybank, established its private banking division in 2013, and has since expanded its wealth management offerings under the leadership of Alice Tan, who has a background in investment firms [3] - The bank reported a revenue of $15.1 billion in 2024, ranking No. 19 on the Fortune Southeast Asia 500 list, and is the highest-ranked Malaysian company on the list [4] - With total assets of $240 billion, Maybank is recognized as Southeast Asia's largest Islamic bank and ranks among the top five global Islamic finance institutions [5] Market Focus - Maybank operates primarily in Singapore, Malaysia, and Indonesia, and is optimistic about Southeast Asia's economic prospects due to its young population and steady growth [6] - The bank is a significant player in Islamic finance, attracting a diverse clientele, including non-Muslims, with over half of its Islamic banking customers in Malaysia being ethnic Chinese [7] Islamic Wealth Management - Islamic banking adheres to shariah law, emphasizing ethical investments and asset-backed transactions, and Islamic wealth management incorporates principles like zakat [8] - The bank's approach to Islamic wealth management is designed to appeal to a broader audience, particularly the younger demographic, by focusing on values and ethical practices [9] Expansion Plans - Maybank aims to enhance its wealth management services in Cambodia and the Philippines, leveraging its existing wholesale banking infrastructure, with Cambodia's banking sector still developing [9] - The bank is also exploring opportunities in high-growth markets such as Vietnam and Greater China, with aspirations to establish itself as a leading financial institution in ASEAN [10]

Core Insights - Adam Currie, President and CEO of First Bank, has been elected as a Class A Director of the Federal Reserve Bank of Richmond, bringing over 20 years of financial services expertise to the role [1][1][1] - Currie's appointment is part of the 2025–2027 term for the Richmond Fed's Board of Directors, which includes leaders from the Fifth Federal Reserve District [1][1][1] - As a Class A Director, Currie will provide insights into regional economic conditions and the banking industry's needs, supporting the Federal Reserve's mission for economic stability [1][1][1] Company Overview - First Bank, a subsidiary of First Bancorp, is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.7 billion [1][1][1] - The bank operates 113 branches in North Carolina and South Carolina, focusing on a community-oriented banking approach since 1935 [1][1][1] - First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC" [1][1][1]

SynopsisIDFC FIRST Bank has secured a crucial nod from the Reserve Bank of India. ICICI Prudential Asset Management Company, along with group entities of ICICI Bank, can now acquire up to 9.95% of the bank's paid-up share capital. This development marks a significant step for the bank. The approval is subject to specific conditions and compliance with relevant regulations. ...

Margins Cushion Wakefit’s ProfitabilityFresh from its IPO, Wakefit reported a profitable Q3 FY26. Despite seasonal discounts and a CFO transition, the D2C furniture and mattress brand clocked record quarterly revenues, alongside a sharp improvement in its margins. Here is a snapshot of Wakefit’s Q3 numbers:Profits stood at ₹31.9 Cr compared to a loss of ₹2.4 Cr in Q3 FY25Revenue from operations rose 9.4% YoY to ₹421.3 Cr EBITDA improved 158% YoY to ₹70.3 Cr, while margins expanded to 53.8% Total expenses ro ...

More FinTechs and platforms are pursuing charters for control and durability, trading speed for heavier regulation and long-term accountability.Not all “banks” are banks, as national, state, thrift, special-purpose and ILC charters each grant different powers.Bank charters represent the operating system (OS) for the U.S. financial sector.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance wit ...

The Warburg-Mubadala combination, expected to value the company at around Rs 16,500 crore ($1.8 billion), is competing with Swedish buyout firm EQT, the only other serious contender ahead of binding offers scheduled next week.At this level, the company will get valued at close to 24x its projected FY26 ebitda, underscoring the strong demand for scaled contract development and manufacturing organisation (CDMO) homegrown businesses among ET BureauThe financial investors are expected to fully exit as part of ...

  The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (Mospi), is scheduled to release retail inflation estimates for January on Thursday.  As the January CPI inflation print is the first with 2024 as the base year, the estimates differ based on whether economists use old CPI weightings and methodology or adjust to the new series.   Estimates based on the old weighting place the CPI-based inflation rate in January at 2.5-2.6 per cent, while those under the n ...

Customers have access to several kinds of loans from banking and non-banking lenders. Borrowers can choose from a wide range of lending products such as car loans, home loans, education loans and the most popular, personal loans. Borrowers can apply for online instant loans like FIRSTmoney by IDFC FIRST Bank with no document uploads, approvals at competitive interest rates and funds disbursed within 30 minutes. While borrowing money from a lender is a straightforward process, it is prudent to ensure that t ...

Revolut, the global fintech giant, has officially launched full banking operations in Mexico, marking a major milestone as the company establishes its first bank entity outside of the European continent.The move sees the end of the company’s beta phase in the country. Now operating as Revolut Bank S.A. Institución de Banca Múltiple, the challenger bank aims to use its Mexican operations as a blueprint for further expansion into other high-growth markets globally.A strategic foothold in LatAmRevolut has capi ...