Bank
Bank
BoB cases of scam related to the BoB World app prompt the Ministry of Finance to advocate for a strengthened KYC process
BoB World app scam:
According to news agency Business Standard:The RBI may advise banks and financial institutions to assess the concentration of Business Correspondents (BCs)...
RBI rejects 2 application for Licensing of Small Finance Banks
RBI in action:
The Reserve Bank of India has turned down two additional requests to establish small finance banks: those from Dvara Kshetriya Gramin Financial...
The Japanese banking giant, MUFG, is poised to acquire a 20% share in HDFC Bank’s subsidiary, HDB Financial, for a total of $2 billion.
MUFG, the Japanese banking giant
People familiar with the matter report that Bank of Tokyo-Mitsubishi UFJ (MUFG), the Japanese banking giant, is in the process...
Bank’s fresh NPA generation to rise gradually but to remain controlled in the FY25: ICRA
bank's NPA report:
The onset of new Non-Performing Asset (NPA) generation is expected to gradually increase but remain under control throughout the Financial Year 2025,...
The ECB maintains its rates at current levels while central banks worldwide grapple with the timing of potential cuts.
The ECB maintains its rates
On Thursday, the European Central Bank opted to keep its key interest rate benchmark unchanged, preferring to await confirmation that...
RBI ipmoses monetary penalty on 5 different Co-operative banks
RBI ipmoses monetary penalty on different Co-operative bank ltd
The Uttrakhand grameen bank Dehradun, The Raj Laxmi Mahila Urban Co-operative, Nagr sahkari bank ltd, The...
The Reserve Bank of India spearheads a rise in gold reserves amidst a slowdown in gold accumulation among global central banks
The Reserve Bank of India
The Reserve Bank of India (RBI) distinguished itself by maintaining its steady accumulation of gold reserves. According to weekly data...
Bandhan Bank plummeted dramatically following the CEO’s formidable decision to exit in July.
Bandhan bank news updateToday, at the opening bell, the stock of private sector lender Bandhan Bank experienced a significant decline of nearly 9% following...
Bandhan Bank CEO Chandra Shekhar Ghosh will gracefully retire at the end of his tenure.
Bandhan Bank CEO Chandra Shekhar Ghosh will retire at the end of his termOn Friday, Bandhan Bank's founder, managing director, and CEO Chandra Shekhar...
RBI Monetary Policy Meeting reveals that the RBI MPC has opted to maintain the repo rate at 6.50%, while also retaining the GDP forecast...
RBI Monetary Policy Update:
Led by RBI Governor Shaktikanta Das, the Monetary Policy Committee (MPC) chose to maintain the key repo rate at 6.5%, aligning...
HDFC Bank share price surges by 3% due to significant increases in both gross deposits and advances.
HDFC Bank share price update
HDFC Bank shares price surged 3% to reach an intraday high of Rs 1,526.35 on the National Stock Exchange. This...
Turkey’s inflation persists at 68.5% despite ongoing increases in interest rates.
Turkey
Turkey's yearly inflation surged to 68.5% in March, marking an uptick from February's 67.1%, as reported by the Turkish Statistical Institute on Wednesday.The monthly...
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Early bitcoin investor Nick Rose doubles down on bitcoin mining and AI data centers
Orion Compute, founded by early Bitcoin investor Nick Rose, announced its expansion into large-scale Bitcoin mining and artificial intelligence data center infrastructure, with an initial focus on developing...
EquiLend invests in Digital Prime Technologies to advance institutional Tokenized-Asset and Digital-Markets infrastructure
EquiLend, a global financial technology, data and analytics company for the securities finance industry, announced a strategic investment in Digital Prime Technologies, a U.S.-regulated provider of...
ICRA Analytics Limited appointment of Mr. Shailendra Chikkhebagilu Mruthyunjayappa, President & CEO, ICRA analytics
In a disclosure to the Securities and Exchange Board of India (SEBI), ICRA Limited informed that its wholly owned subsidiary, ICRA Analytics Limited, has...
Bank Credit growth maintains robust momentum
Bank credit growth in India continues to remain resilient, reflecting sustained lending momentum across key segments of the economy. As per the latest data...