Latest news with #NaoSano
Bloomberg
08-08-2025
- Business
- Bloomberg
Japan Regulator Urges Regional Banks to Brace for Deposit Fight
By and Nao Sano Save The new chief of Japan's financial regulator has a message for regional banks: don't rely on rising interest rates to fix your problems. Local lenders have been counting on last year's scrapping of negative rates to help turn them around, blaming the policy for crushing profitability. But the new era of higher rates will spark fresh competition for depositors at a time when technology is transforming the industry, according to Financial Services Agency Commissioner Yutaka Ito.
Yahoo
08-03-2025
- Business
- Yahoo
Nippon Life Is Said to Consider Buying Stake in IndusInd Bank
(Bloomberg) — Nippon Life Insurance Co.'s India unit is considering buying a minority stake in IndusInd Bank Ltd. ( people familiar with the matter said, with the aim of using the lender's network to expand sales of its insurance products. Trump Administration Plans to Eliminate Dozens of Housing Offices NJ College to Merge With State School After Financial Stress Republican Mayor Braces for Tariffs: 'We Didn't Budget for This' How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low Reliance Nippon Life Insurance Ltd. could seek as much as 9.9% in the Mumbai-listed bank, according to the people, who asked not to be identified because the deliberations are private. The insurer may initially buy a 4.9% stake and then potentially increase it over time, the people said. Considerations are ongoing and might not lead to a transaction, they added. A representative for Nippon Life declined to comment. IndusInd Bank didn't respond to requests for comment. IndusInd Bank has a market value of about 730 billion rupees ($8.4 billion). Reliance Nippon Life had a distribution network of 713 offices and more than 61,000 advisers as of March 31, 2024, its website shows. —With assistance from Nao Sano. Snack Makers Are Removing Fake Colors From Processed Foods An All-American Finance Empire Drew Billions—and a Regulator's Attention The Mysterious Billionaire Behind the World's Most Popular Vapes Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Greenland Voters Weigh Their Election's Most Important Issue: Trump ©2025 Bloomberg L.P. Sign in to access your portfolio
