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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...
The RBI will repurchase government bonds valued at Rs 40,000 crore
RBI News update:
On Monday, the Reserve Bank of India (RBI) announced it would repurchase government bonds worth Rs 40,000 crore on Thursday. Bond market...
Philippines expects 150 bps rate cuts in 2 years: finance minister
Philippines fiscal policy update:
The finance minister of the Philippines, Ralph Recto, who is a member of the seven-member policy-making monetary board, stated on Monday...
Kotak Mahindra Bank adjusts fees for savings and salary accounts: Review the specifics.
Kotak Mahindra Bank news:
Kotak Mahindra Bank, a private lender, has made adjustments to the charges associated with certain services on both salary and savings...
SBI might decisively and optimistically raise infrastructure loan rates if the RBI’s transformative draft regulations are implemented, according to Dinesh Khara
SBI loan rate update:
State Bank of India’s chairman, Dinesh Kumar Khara, indicated that the bank might reprice infrastructure loans if the Reserve Bank of...
ICICI Bank appointed Pradeep Kumar Sinha as Part-time Chairman after RBI’s approval
ICICI Bank appointed Pradeep Kumar Sinha
The Reserve Bank of India has approved the appointment of Pradeep Kumar Sinha as the Part-time Chairman of ICICI...
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