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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...

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

SBI aims to sell Yes Bank stake: State Bank of India (SBI) currently holds approximately 24 percent of Yes Bank, while 11 other lenders, including...

HDFC Bank Shares plunge 2.4% at market opening due to MSCI Index changes

HDFC Bank shares drop at market opening due to MSCI Index changes Shares of the leading private bank, HDFC Bank, declined sharply as the market...

RBI imposes monetary penalty on 2 Co-operative Banks

The RBI in action: The Reserve Bank of India (RBI), by an order dated August 5, 2024, has imposed a monetary penalty of ₹50,000 on...

The World Bank news: Nepal’s government and the World Bank have signed a $100 million agreement to enhance provincial and local road networks

The World Bank news update: The Government of Nepal and the World Bank have entered into a financing agreement for a $100 million concessional loan...

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MicroStrategy’s Ambitious vision: Aiming to become the world’s leading bitcoin bank

According to a report from The Block, in a recent interview with analysts at Bernstein, MicroStrategy’s Co-Founder and Executive Chairman, Michael Saylor, outlined the...

WTO: Global goods trade on track for gradual recovery despite lingering downside risks

In the October 2024 update of “Global Trade Outlook and Statistics,” WTO economists note that global merchandise trade turned upwards in the first half...

East Asia and Pacific: Resilient growth in turbulent times

- Developing East Asia and Pacific (EAP) is continuing to grow faster than the rest of the world in 2024, but slower than before the...

Groww adds over 4.7 Million new SIPs in July-September quarter; Young investors and B30 cities drive growth

Groww, India’s largest Mutual Funds investing platform, achieved strong growth in July-September quarter 2024, adding over 4.7 million new SIPs. Out of 6.6 million...