Bank
Bank
RBI’s financial inclusion index rises to 64.2 in march 2024, indicating enhanced financial inclusion
RBI's financial inclusion index:
The Reserve Bank's Financial Inclusion (FI) Index, which measures the extent of financial inclusion across India, rose to 64.2 in March...
Global Wealth Report 2024: Growth rebounds to 4.2%, offsetting the 2022 downturn
Global Wealth Report 2024
Wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable...
Redemption of two UBS Group AG additional tier 1 instruments
UBS Group news
UBS announces its intention to redeem the total outstanding AUD 700mn additional tier 1 instrument with ISIN CH0488506673 (the "AUD AT1 instrument")...
Bank of Baroda shares drop over 6% in 3 consecutive trading day on lowest deposit and advances growth in the past 12 quarters
Bank of Baroda Shares Drop Over 6% since monday
Shares of Bank of Baroda fell by more than 6% since Monday after the public sector...
Punjab and Sind Bank unveils ambitious expansion plan for FY 2024-25
Punjab and Sind Bank to launch 100 new branches and ATMs this fiscal year
Punjab and Sind Bank, a state-owned financial institution, has announced an...
Deutsche Bank raises €500 million through inaugural social bond offering
Deutsche Bank raised fund:
Deutsche Bank announced today that it has successfully raised €500 million through its inaugural social bond offering. The proceeds will be...
RBI imposes monetary penalty on Punjab National Bank
RBI in action
The Reserve Bank of India (RBI) has imposed a penalty of ₹1,31,80,000 (Rupees One crore thirty-one lakh eighty thousand) on Punjab National...
Bandhan Bank Ltd. appoints Ratan Kumar Kesh as interim Managing Director and CEO
Bandhan Bank News Update:
Bandhan Bank Ltd. has appointed Ratan Kumar Kesh as the interim Managing Director and Chief Executive Officer. Kesh will assume his...
Canadian financial regulator delays implementation of new lending risk calculation rules
Canadian bank regulator delays plans to increase capital requirements
Canadian financial regulator is giving the country's banks more time to adapt to new rules on...
DBS Hong Kong fined HK$10 million for anti-money laundering lapses
DBS Unit Fined in Hong Kong for Money Laundering Violations
DBS Group Holdings' Hong Kong unit has been fined HK$10 million (S$1.7 million) by the...
World Bank approves an additional $1.5 Billion in financing to support India’s transition to a low-carbon economy
World Bank approves $1.5 Billion to India for low-carbon economy
The World Bank’s Board of Executive Directors has approved $1.5 billion in financing for a...
IMF and World Bank Group announce Joint Bretton Woods at 80 initiative
IMF and World Bank Group announcment
In commemoration of the 80th anniversary of the United Nations Monetary and Financial Conference (the "Bretton Woods Conference"), the...
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BlackRock forecasts cryptocurrency and blockchain as key market forces by 2026
BlackRock, the global investment giant overseeing $10 trillion in assets, has highlighted Bitcoin, Ether, and stablecoins as key forces shaping global markets by 2026.
In...
Binance will list Ripple USD (RLUSD) and introduce RLUSD zero trading fee promotion
Ripple's dollar-pegged stablecoin RLUSD will launch spot trading on Binance starting Thursday, initially supporting the Ethereum blockchain, with integration into Ripple's own XRP Ledger...
Cabinet approves continuation of Atal Pension Yojana (APY) and extension of funding support for promotional and developmental activities and gap funding till 2030-31
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today approved the continuation of Atal Pension Yojana (APY) up to FY 2030-31...
Cabinet approves equity support to Small Industries Development Bank of India
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank...