Tag: banking

 The above graph represents Mastercard net income by year, starting from 2001.Mastercard posted an impressive $5,859 million as net income in 2018. This happens to be to the first instance when the company's net income has surpassed the $5 billion in a year. The record profit came at the time when Mastercard revenue also reached all-time high, $14.95 billion,...

 The above graph represents the quarterly revenue of Mastercard. Despite posting an astounding $3,807 million in revenue in fiscal Q4 2018, it is declined by a meagre 2.33% compared to the previous quarter. However, on a YoY basis, Mastercard revenue in fiscal Q4 2018 grew 14.94% from the same quarter a year ago.The quarterly revenue of Mastercard has been steadily...

 The above graph represents Mastercard revenue, by year, from 2001 to the most recent year. The revenue of Mastercard has increased swiftly over the years starting from fiscal 2001 to 2018.The fiscal 2018 proved to be a milestone year for Mastercard Inc. (NYSE:MA) in terms of revenue. The company posted $14,950 million in revenue, a considerable increase of 19.62% YoY...

It has not been long since the Panjab National Bank (PNB) fell victim to India's biggest bank fraud involving alleged embezzlement of funds worth nearly Rs 1.8 billion (about Rs 11394 Cr). Famous jewellers Nirav Modi and his uncle Mehul Choksi, being the main culprits, were indicted after they were off-bounds. Yet a new finding has revealed credit/debit cards and...