06/21/2020

Bank of Baroda closes subsidiary in Ghana

The closure of overseas bank branches is part of government''s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.

06/16/2020

Absa restructures 26pc of net loans

This has led to layoffs, reduced cash flow for businesses and forced unpaid leaves, which have set the stage for loan defaults.