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

At the October 9, 2024, meeting of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), the central bank decided to keep the...

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...

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Swiggy and Zomato under fire: FHRAI to Aapproach commerce ministry over alleged anti-competitive practices by quick food delivery apps

The Federation of Hotel and Restaurant Associations of India (FHRAI) plans to raise concerns with the Ministry of Commerce and Industry regarding standalone quick...

U.S. job growth soars in December, unemployment falls to 4.1%

The U.S. labor market ended the year on a strong note, as job growth unexpectedly accelerated in December, while the unemployment rate fell to...

RBI imposes monetary penalty on Indian School Finance Company Pvt. Ltd., Telangana

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹50,000/- on Indian School Finance Company Pvt. Ltd. (ISFC), a non-banking financial...

Standard Chartered secures Luxembourg license for digital asset custody in EU

Standard Chartered, a leading global financial institution, has announced a significant milestone in its expansion into digital asset services. The bank's digital asset custody...