Lakeland Bank’s Post

Despite promises of solidarity during the Covid-19 pandemic, SA’s bank executives were paid hefty short-term bonuses even though performance targets were not met. The banks also: ▪ ignored the Reserve Bank’s request to halt discretionary ordinary dividends during Covid and paid dividends due on shares that had been awarded to the executives; and ▪ took advantage of the Covid-induced slump in share prices to boost their already-generous long-term incentive payouts.   #CorporateResponsibility #Inequality

These are the 20 bank executives with the highest total compensation in 2023. Check out the rankings for more about these high earning executives. #banking #salaries

SBI’s Q3 income and profit were hit by heightened wage costs, which is expected to normalize in FY25. Its improving asset quality, lower credit costs and drop in NPAs have impressed the street. #SBI #business #revenue #profit

Hi all. In my latest column published on my Substack, Just the Business, takes a look at Heartland's likely fortunes in Australia once it receives its Australian banking licence. The headline is: Can Heartland succeed in Oz where so many NZ companies have failed? And you can find it here: https://lnkd.in/gP8aHnip

🚨 Attention NatWest customers! Starting today, potential account fees may impact your finances. Find out how this change could affect you. Stay informed and take action to manage your banking costs. Learn more about the recent developments and what steps you can take to adapt. #NatWest #bankfees #financialnews https://ift.tt/ULx4sCX

🚨 ICICI Bank Strikes Back: Clarifying Allegations on SEBI Chairperson’s Payments 🚨 In a forceful response, ICICI Bank has countered recent accusations by the Congress about post-retirement payments to SEBI Chairperson Madhabi Puri Buch. The bank’s statement clarifies the specifics of these payments and asserts full compliance with regulatory standards, underscoring its commitment to transparency and accountability. 🏦 Highlights from ICICI Bank's Statement: 🚫 Firm Denial: ICICI Bank has robustly refuted claims that Madhabi Puri Buch received unauthorized post-retirement benefits while serving as SEBI’s full-time member. 📜 Adherence to Law: All payments to Buch were strictly part of her accrued benefits and are in full compliance with legal frameworks. 🏁 Conclusion of Benefits: The bank confirmed that all financial obligations to Buch were duly settled at her retirement on October 31, 2013. ⚖️ Highlighting Governance: This dispute highlights the challenges of maintaining strict governance and regulatory compliance in significant financial institutions. 🧐 #Importance: 📌 These developments shed light on essential corporate governance and compliance issues vital to the trust and functioning of the financial sector. 👉 #StayUpdated: 🔗 For ongoing analysis and more news on the BFSI sector, follow #FEBFSI #ModernBFSI #BFSI #CorporateGovernance #FinancialEthics #SEBI #ICICIBank #FinancialServices #RegulatoryCompliance #CorporateEthics #FinanceNews #BankingNews #InvestmentBanking Akshata G. | Sakshi Kuchroo | Tanya Krishna | Sumana Sarkar | E Kumar Sharma | Roshun Povaiah | Financial Express (India)

I’m thrilled to share some remarkable achievements from Nedbank in 2023! Our dedicated staff’s hard work has truly paid off, and I’m incredibly proud to be part of this journey. Personally, I'm overjoyed at the contribution of our 'Next Best Action' model. To the teams involved, CIA, The Channels, Consumer Banking, your hard work is paying off, and we are starting to see some incredible results. 🚀 Client Conversations: Last year, our collective efforts led to over 4 million client conversations. These interactions have been instrumental in building stronger relationships with our valued clients. 📈 Conversion Power: The impact of these conversations is evident in our impressive conversion rate of over 25%. It’s incredible to witness how our work directly contributes to positive outcomes for our clients. 🤝 Deepening Relationships: As we engage with clients, we’re not just providing services—we’re deepening relationships. These meaningful connections foster trust and loyalty. 🌟 Enhanced Customer Experience (CX): Our commitment to excellence has resulted in an elevated customer experience. Every conversation matters, and it’s heartening to know that our efforts are making a difference. 💡 Cross-Sell Opportunities: Through our conversations, we’ve identified cross-sell opportunities that benefit both our clients and Nedbank. By understanding their needs, we can offer tailored solutions and enhance their financial well-being. Thank you to every team member who contributed to these outstanding results. Let’s continue to strive for excellence and make 2024 even more remarkable! 🎉 #NedbankProud #ClientSuccess #TeamWork #AI

The clock's ticking—FWA Connect Live is just hours away! Registration deadline extended—You've still got time to jump in and network, sip, and discover what the Financial Women's Association is all about! Forge lifelong connections right here with us: https://lnkd.in/eeNCyptH #NYCEvents #FinancialServices #BankingIndustry #Banking #Networking

The reason why Your M-Pesa Balance Doesn’t Earn Interest.Tap the link to find out more https://lnkd.in/dPKRquMu #Mpesa #InterestEarnings #MobileMoney #FinanceTips #Banking #FinancialEducation #MoneyManagement #Savings #InterestRates #KenyaFinance #MobileBanking