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Citi’s New Banking Head Viswas Raghavan Begins Tenure as CEO Praises His ‘Intensity’
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...
NCLT Initiates Insolvency Proceedings Against Jaiprakash Associates Following ICICI Plea
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...
Canara Bank’s board approves raising Rs 8,500 crore through bonds in FY25.
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...
SBM Bank India Ltd. hit with ₹88.70 Lakh Penalty by RBI for Regulatory Non-Compliance
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...
UBS Celebrates Successful Merger with Credit Suisse
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...
The RBI intends to implement regulations aimed at strengthening the financial sector, as stated in its annual report
RBI Aims to Strengthen Regulations
From implementing the expected credit loss (ECL) model for asset classification to conducting a thorough review of loan rates, the...
NPA Risk for Banks and NBFCs Could Rise Due to Delay in Over 40% of Infrastructure Projects
NPA Risk for Banks and NBFCs
NPA Risk for Banks and NBFCs May Surge Amid Delays in 40% of Infrastructure ProjectsA recent report by the...
UBS Unveils Empowering Transformations to Group Executive Board for Brighter Future
UBS Group Executive Board Restructure
Zurich, 30 May 2024* – UBS has marked significant milestones in its integration of Credit Suisse, with the merger of...
RBI takes strict action against ECL Finance and Edelweiss ARC
RBI Tightens Grip on ECL Finance, Edelweiss ARC
Continuing its oversight of banks and other financial institutions, the Reserve Bank of India (RBI) announced on...
RBI Launches G-Secs App to Attract Retail Investors
RBI news update
On Tuesday, the Reserve Bank of India (RBI) launched three major initiatives, including a mobile app, to enable retail investors to participate...
HSBC Asset Management Company India and its trustees settle a Sebi notice by paying Rs 23.9 lakh
HSBC India AMC Settles SEBI
HSBC Asset Management (India) Pvt Ltd, along with four trustees, collectively paid Rs 23.92 lakh to the Securities and Exchange...
RBI Penalizes Yes Bank for Imposing ‘Zero Account Balance’ Charges
Yes Bank news:
The RBI has imposed penalties on ICICI Bank and Yes Bank, amounting to Rs 1 crore and Rs 91 lakh, respectively, for...
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Bitmine Immersion Technologies (BMNR) announces ETH holdings reach 4.203 million tokens, and total crypto and total cash holdings of $14.5 billion
Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network Company with a focus on the accumulation of crypto for long...
Samco Mutual Fund launches India’s first actively managed momentum-based Mid-Cap Fund aiming to capture the next phase of India’s growth
Samco Asset Management Private Limited today announced the launch of the Samco Mid Cap Fund, India’s first actively managed momentum-based mid-cap fund, seeking to identify and...
Digital lending drive: PSBs sanction ₹52,300 Crore to 4 lakh MSMEs in nine months
In a significant boost to micro, small, and medium enterprises (MSMEs), Public Sector Banks (PSBs) have sanctioned over 3.96 lakh loan applications amounting to...
Shadowfax Technologies IPO opens January 20; Details here
In a significant move in the primary market, Shadowfax Technologies Ltd., a high-growth technology firm, has filed its Draft Red Herring Prospectus (DRHP) with...