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World Bank’s IDA 21st Replenishment Final Meeting in December 2024 will held in South Korea
South Korea to Host World Bank's IDA:
In December 2024, Seoul, South Korea, will host the critical pledging meeting for the International Development Association (IDA)...
Urban co-operative banks are not interested in becoming small finance banks, according to RBI’s Satish Marathe
Urban co-operative banks:
Urban co-operative banks (UCBs) are reluctant to convert into small finance banks (SFBs) due to the operational changes it entails, stated Satish...
Danske Bank bucks the trend, asserting that rupee bulls are mistaken as a record low approaches
Danske Bank Bucks the Trend, Asserting Rupee Bulls are Mistaken as Record Low Approaches
Danske Bank, the top forecaster for the Indian rupee, is defying...
Buddha Purnima Bank Holiday 2024: Will Banks Delightfully Close on May 23?
Buddha Purnima Bank Holiday 2024:
The Reserve Bank of India's annual calendar designates Buddha Purnima, on Thursday, May 23, as a holiday, resulting in bank...
RBI’s record ₹2.11 trillion dividend to assist Centre’s FY25 fiscal deficit, reduce bond yields
RBI's Record ₹2.11 Trillion Dividend to Assist Centre's FY25 Fiscal Deficit, Reduce Bond Yields
The central bank's announcement on Wednesday of a record ₹2.11-trillion dividend...
RBI Deputy Governor Sounds Alarm Over ARCs’ Supervisory Issues
RBI Deputy Governor Raises Supervisory Concerns
The Reserve Bank of India (RBI) has identified several supervisory concerns in the functioning of asset reconstruction companies (ARCs),...
RBI Empowers Positive Decrease in Government Treasury Bill Auction Volume
RBI Reduces Government Treasury Auctions:
Amid tight liquidity conditions, the central bank has announced a significant reduction in government treasury bill sales and introduced new...
Bandhan Bank Q4 Results: Net profit drops 93% to ₹54 crore,Dividend declared
Bandhan Bank Q4 Results:
Bandhan Bank reported its January-March quarter results for fiscal year 2023-24 (Q4FY24) on Friday, May 17, revealing a 94% drop in...
Government examining RBI’s draft regulations on project finance, states DFS secretary
Government review of RBI draft regulation
The government and the Indian Banks Association (IBA) are currently reviewing the Reserve Bank of India’s (RBI) draft guidelines...
RBI imposes monetary penalty on 2-Co-operative Bank
RBI monetary Penalty on The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat
The Reserve Bank of India (RBI) has, by an order dated May 8,...
RBI’s bond buyback yields only Rs 2,069 crore out of the notified Rs 60,000 crore.
RBI's bond buyback
The RBI repurchased only ₹2,069 crore of government bonds from a notified amount of ₹60,000 crore, as banks were unwilling to sell...
HDFC Bank allocates 5-7% of its total expenses to technology investments
HDFC Bank news update:
HDFC Bank allocates 5-7% of its overall expenses to technology, according to Parag Rao, Country Head of Payments, Liability Products, Consumer...
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