Latest news with #Mashreqbank
Japan Times
05-08-2025
- Business
- Japan Times
Mizuho said to hire Mashreqbank's corporate banking head in India
Mizuho Bank has hired Devendra Sharma from Mashreqbank to be its co-head of corporate banking in India, according to people familiar with the matter, as the Japanese lender seeks to expand in the country. Sharma will join the unit of Mizuho Financial Group in the coming weeks after completing his gardening leave at the Dubai-based lender, where he was head of India corporate banking, said the people who asked not to be identified because the information is private. Mizuho declined to comment, while Mashreqbank confirmed his resignation. Sharma, who worked at Mashreqbank for eight years, didn't respond to a text message seeking comment. Sharma will be a Mumbai-based managing director at the Japanese lender and look after the bank's business in western India, the people said. He has about two decades of banking experience including at ICICI Bank, HSBC Holdings and National Australia Bank, according to his LinkedIn profile. Mizuho and its Japanese peers Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are betting big in India, with a focus on corporate and investment banking, and retail loans. Japanese lenders rank among the top 10 arrangers of offshore loans for Indian companies in the past few years, data compiled by Bloomberg shows.
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Business Standard
05-08-2025
- Business
- Business Standard
Mizuho Bank to hire Mashreqbank PSC's corporate banking India head
Mizuho Bank Ltd. has hired Devendra Sharma from Mashreqbank PSC to be its co-head of corporate banking in India, according to people familiar with the matter, as the Japanese lender seeks to expand in the country. Sharma will join the unit of Mizuho Financial Group Inc. in the coming weeks after completing his gardening leave at the Dubai-based lender, where he was head of India corporate banking, said the people who asked not to be identified because the information is private. Mizuho declined to comment, while Mashreqbank confirmed his resignation. Sharma, who worked at Mashreqbank for eight years, didn't respond to a text message seeking comment. Sharma will be a Mumbai-based managing director at the Japanese lender and look after the bank's business in western India, the people said. He has about two decades of banking experience including at ICICI Bank Ltd., HSBC Holdings Plc and National Australia Bank Ltd., according to his LinkedIn profile. Mizuho and its Japanese peers Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are betting big in India, with a focus on corporate and investment banking, and retail loans. Japanese lenders rank among the top 10 arrangers of offshore loans for Indian companies in the past few years, data compiled by Bloomberg shows.
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Business Standard
05-08-2025
- Business
- Business Standard
Mizuho Bank likely to hire Mashreqbank's corporate banking India head
Devendra Sharma will be a Mumbai-based managing director at the Japanese lender and look after the bank's business in western India Bloomberg By Saikat Das and Preeti Singh Mizuho Bank Ltd. has hired Devendra Sharma from Mashreqbank PSC to be its co-head of corporate banking in India, according to people familiar with the matter, as the Japanese lender seeks to expand in the country. Sharma will join the unit of Mizuho Financial Group Inc. in the coming weeks after completing his gardening leave at the Dubai-based lender, where he was head of India corporate banking, said the people who asked not to be identified because the information is private. Mizuho declined to comment, while Mashreqbank confirmed his resignation. Sharma, who worked at Mashreqbank for eight years, didn't respond to a text message seeking comment. Sharma will be a Mumbai-based managing director at the Japanese lender and look after the bank's business in western India, the people said. He has about two decades of banking experience including at ICICI Bank Ltd., HSBC Holdings Plc and National Australia Bank Ltd., according to his LinkedIn profile. Mizuho and its Japanese peers Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are betting big in India, with a focus on corporate and investment banking, and retail loans. Japanese lenders rank among the top 10 arrangers of offshore loans for Indian companies in the past few years, data compiled by Bloomberg shows.
Bloomberg
05-08-2025
- Business
- Bloomberg
Mizuho Said to Hire Mashreqbank's Corporate Banking India Head
Mizuho Bank Ltd. has hired Devendra Sharma from Mashreqbank PSC to be its co-head of corporate banking in India, according to people familiar with the matter, as the Japanese lender seeks to expand in the country. Sharma will join the unit of Mizuho Financial Group Inc. in the coming weeks after completing his gardening leave at the Dubai-based lender, where he was head of India corporate banking, said the people who asked not to be identified because the information is private. Mizuho declined to comment, while Mashreqbank confirmed his resignation. Sharma, who worked at Mashreqbank for eight years, didn't respond to a text message seeking comment.
Zawya
31-07-2025
- Business
- Zawya
Mideast Stocks: Gulf markets muted as earnings disappoint, Fed signals caution on rates
Major Gulf equities were mostly flat to lower early on Thursday, pressured by lacklustre corporate earnings and a more cautious U.S. Federal Reserve stance on monetary easing, after it held interest rates steady and offered little indication of when borrowing costs might be lowered. The prospect of U.S. rates staying higher for longer clouded investor sentiment across Gulf markets, where monetary policy tends to track the Fed due to currency pegs. Saudi Arabia's benchmark index eased 0.4%, dragged down by broad-based sectoral declines as a string of underwhelming earnings weighed on sentiment. Shares of Yamama Cement fell more than 1% after its second-quarter earnings missed expectations, while Nayifat Finance dropped 2.4% following a nearly 60% year-on-year plunge in Q2 profit. National Gas and Industrialization Co and Saudi Telecom each shed 1.6% as their shares began trading ex-dividend. Meanwhile, flash estimates from the General Authority for Statistics showed Saudi Arabia's real GDP rose 3.9% in the second quarter compared with a year earlier, supported by growth in the non-oil sector as the kingdom continues efforts to diversify its economy. Dubai's main share index slid 0.5%, pulling back from a near two-decade peak in the previous session, led by a 3% fall in Mashreqbank after posting a 17% year-on-year decline in second-quarter earnings. Tecom Group was down 1.5% ahead of the release of its quarterly earnings later in the day. The Abu Dhabi index was little changed and Qatar's benchmark also held steady as investors refrained from placing bigger bets ahead of key earnings announcements. Qatari telecoms firm Ooredoo outperformed, gaining 1.6% after reporting positive second-quarter results and holding its full-year guidance steady.
