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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...

RBI tightens regulations for Housing Finance Companies to align with NBFC norms

RBI in action: RBI tightens regulations for HFCs The Reserve Bank of India (RBI) has introduced stricter regulations for Housing Finance Companies (HFCs) to align their...

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

SBI aims to sell Yes Bank stake: State Bank of India (SBI) currently holds approximately 24 percent of Yes Bank, while 11 other lenders, including...

HDFC Bank Shares plunge 2.4% at market opening due to MSCI Index changes

HDFC Bank shares drop at market opening due to MSCI Index changes Shares of the leading private bank, HDFC Bank, declined sharply as the market...

RBI imposes monetary penalty on 2 Co-operative Banks

The RBI in action: The Reserve Bank of India (RBI), by an order dated August 5, 2024, has imposed a monetary penalty of ₹50,000 on...

The World Bank news: Nepal’s government and the World Bank have signed a $100 million agreement to enhance provincial and local road networks

The World Bank news update: The Government of Nepal and the World Bank have entered into a financing agreement for a $100 million concessional loan...

RBI MPC Update: The repo rate remains unchanged at 4.5%, and inflation continues to be a concern.

RBI MPC update: Today, the Reserve bank of India MPC press conference was held, and the RBI Governor, Mr. Shaktikanta Das, briefed the public about...

Mox Virtual Bank expands investment offerings to include cryptocurrency ETFs

Mox Virtual Bank in Hong Kong launches Bitcoin and Ethereum ETF trading Hong Kong-based virtual bank Mox announced it has expanded its investment options to...

Most Read

MobiKwik reports total income of INR 9,140 Mn for nine months of FY25, surpassing full-year FY24 income

One MobiKwik Systems Ltd. India’s largest digital wallet, today announced earnings results (standalone and consolidated) for nine months ended December 31st, 2024, and third...

SCOR: January 2025 P&C reinsurance renewals results

In line with its Forward 2026 strategic plan, SCOR continues to grow its P&C preferred lines while maintaining a strong underwriting discipline. During...

UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share

UBS Group AG has announced its financial results for the fourth quarter and full year of 2024, showcasing significant growth in profitability. The Swiss...

Eleganz Interiors Rs. 78 crore IPO opens on February 7; price band set at ₹123-130

Mumbai, February 4, 2025: Eleganz Interiors Limited, a leading provider of interior fit-out solutions in India, today announced its initial public offering (IPO) will...