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IFC Partners with Axis Bank to Provide a $500 million Climate Loan in India

The International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution, is partnering with Axis Bank, one...

RBI appoints Shri Aviral Jain as executive director, effective october 1, 2024

The Reserve Bank of India (RBI) has announced the appointment of Shri Aviral Jain as its new Executive Director (ED), effective from October 1,...

IDFC FIRST Bank announces successful completion of merger with IDFC Limited, effective October 01, 2024

IDFC FIRST Bank announced today, following its Board meeting, that the merger with IDFC Limited has been successfully completed after obtaining all necessary shareholder...

More than 400 Million Students Affected by Climate-Related School Closures since 2022: World Bank

A staggering 400 million students globally experienced school closures from extreme weather since 2022, according to a new World Bank report released today. The...

Santander and Formula 1 are excited to announce their new official partnership

Santander and Openbank brands will appear prominently at Formula 1 races in the group’s main markets Madrid, 4 September 2024. Banco Santander today announced that it...

RBI imposes monetary penalty on two different Co-operative bank and one Zila Sahkari bank

RBI in action: RBI imposes monetary penalty The Reserve Bank of India (RBI) has, by an order dated August 23, 2024, imposed a monetary penalty...

ICRA Report: Declining liquidity coverage ratios to slow down credit growth for banks

ICRA report highlights decline in retail and small business deposits In its recent report, ICRA highlighted that the share of deposits from retail customers and...

RBI imposes monetary penalty on 2 different P2P private lender

RBI imposes penalty on NDX P2P Private Limited for regulatory non-compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,92,00,000/- (Rupees...

IDB, World Bank, and CAF strengthen collaboration to combat transnational organized crime in Latin America and the Caribbean

IDB, World Bank, and CAF Join Forces to Enhance Knowledge and Strengthen Security Policies in Latin America and the Caribbean The Inter-American Development Bank (IDB),...

World Bank group launches high-level advisory council on jobs to address global south employment crisis

World Bank Group Launches High-Level Council to Address Looming Jobs Crisis The World Bank Group today announced the creation of the High-Level Advisory Council on...

SBI announces key leadership changes: Appoints Rana RK Singh as Managing Director

SBI appoints Rana RK Singh as Managing Director; Announces significant leadership changes The State Bank of India has implemented significant leadership changes. Rana Ashutosh Kumar Singh...

RBI tightens regulations for Housing Finance Companies to align with NBFC norms

RBI in action: RBI tightens regulations for HFCs The Reserve Bank of India (RBI) has introduced stricter regulations for Housing Finance Companies (HFCs) to align their...

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About 92 percent of Indian executives cite security vulnerabilities as the primary obstacle to responsible AI usage: Deloitte report

According to the AI at a crossroads: Building trust as the path to scale report by Deloitte Asia Pacific, about 92 percent of Indian executives...

Economic risks remain top-of-mind with extreme weather, natural disasters and talent shortage concerns in the region

Economic downturns, such as recessions and stagnation, alongside concerns around the increasing frequency of weather events,  natural disasters and  labour and talent shortages, remain...

Eco-friendly paper disposal producer Aaradhya disposal industries files DRHP with NSE emerge

Aaradhya Disposal Industries Limited, a manufacturer and exporter of high-quality eco-friendly paper products, announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge....

Swiss Re targets a net income of more than USD 4.4 billion for 2025

Swiss Re's Group Chief Executive Officer Andreas Berger said: "We have taken decisive actions in 2024 to increase the resilience of our business. We achieved...