UBS completes transition to single U.S. intermediate holding company; provides update on expected timing of Swiss entity merger UBS Group AG has completed the transition...

Bank

Bank of India Acquires 6.1% Stake in CCIL IFSC

PJdesk - 11/06/2024 0

The Bank of India has acquired a 6.125% stake in the newly incorporated Clearing Corporation of India Ltd. (IFSC), listed in the GIFT SEZ...

Bank

The RBI has increased the bulk deposit limit for banks from Rs 2 crore to Rs 3 crore.

PJdesk - 10/06/2024 0

RBI in action The Reserve Bank of India (RBI) proposed revising the definition of bulk deposits, impacting both traditional banks and Small Finance Banks (SFBs)....

Bank

Goldman Sachs bullish on private banks, says correction offers opportunities

PJdesk - 09/06/2024 0

Goldman Sachs bullish on private banks Analysts at Goldman Sachs believe the sharp correction in private bank stocks on Thursday following the post-election results presents...

Bank

RBI launches its third Global Hackathon – HaRBInger 2024

PJdesk - 08/06/2024 0

RBI's Global Hackathon Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for Transformation’. The Hackathon invites participants to develop solutions using...

Bank

RBI Monetary Policy 2024 LIVE: Governor Das emphasizes the importance of aligning inflation with the RBI target and maintaining it at that level for...

PJdesk - 07/06/2024 0

RBI Monetary Policy 2024 LIVE The RBI will closely monitor liquidity, growth, and inflation over the coming weeks and months, but it is expected to...

Bank

ANEXT Bank Sees Significant Growth in Regional and Global Reach Among MSME Clients

PJdesk - 07/06/2024 0

ANEXT Bank Sees Significant Growth in Regional and Global Reach Among MSME Clients ANEXT Bank, a digital wholesale bank based in Singapore and wholly owned...

Bank

Citi’s New Banking Head Viswas Raghavan Begins Tenure as CEO Praises His ‘Intensity’

PJdesk - 05/06/2024 0

Citi's New Banking Head Viswas Raghavan Begins Tenure Amid High Hopes from CEO Jane Fraser Viswas Raghavan joined Citigroup as its new head of banking...

Bank

NCLT Initiates Insolvency Proceedings Against Jaiprakash Associates Following ICICI Plea

PJdesk - 05/06/2024 0

NCLT Initiates Insolvency Proceedings Against Jaiprakash Associates On Monday, the National Company Law Tribunal (NCLT) directed the initiation of insolvency proceedings against Jaiprakash Associates Ltd...

Bank

Canara Bank’s board approves raising Rs 8,500 crore through bonds in FY25.

PJdesk - 03/06/2024 0

Canara Bank news update: State-owned Bank announced on Friday that its board has approved raising Rs 8,500 crore through bonds to support business growth in...

Bank

SBM Bank India Ltd. hit with ₹88.70 Lakh Penalty by RBI for Regulatory Non-Compliance

PJdesk - 02/06/2024 0

SBM Bank India Ltd. news update The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹88.70 lakh (Rupees Eighty Eight Lakh Seventy...

Bank

UBS Celebrates Successful Merger with Credit Suisse

PJdesk - 02/06/2024 0

UBS Group AG Finalizes Merger with Credit Suisse AG UBS Group AG announced today the successful completion of its merger with Credit Suisse AG, facilitated...

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

News PJdesk - 19/12/2024 0

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...

Bank

RBI MPC Update: Repo rate likely to remain unchanged as inflation concerns take precedence

RBI imposes monetary penalty on The Sathamba People’s Co-operative Bank Ltd

Poland Boosts Support to the World Bank’s International Development Association, fund for low-income countries

Credit growth to moderate, asset quality pressure to rise: ICRA

RBI keeps Repo Rate steady at 6.5%, shifts policy stance to “Neutral”

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

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