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World Bank Approves $600 Million for Türkiye Earthquake Recovery Project

World Bank Approves $600 Million to Revive Micro Enterprises in Türkiye's Earthquake-Hit Areas The World Bank Board has approved $600 million in financing to support...

Indian Banking Sector; Proposed changes to liquidity coverage ratio framework aimed at slowing credit growth: Report

Indian Banking Sector: The Key highlight of the report: The proposed changes in the Liquidity Coverage Ratio (LCR) guidelines are expected to decrease the system-wide...

Banco Santander launches “Louder Together” contest on TikTok

Santander is searching for talent on TikTok to form the first international music band born online Banco Santander introduces the inaugural international music band originating...

RBI cancels the licence of this Co-Operative bank

RBI Cancels License of The Mahabhairab Co-Co-Operative bankoperative Urban Bank Ltd., Tezpur, Assam The RBI, through an order dated July 23, 2024, has revoked the...

HDFC Bank shares rise 2% after positive earnings report

HDFC Bank Shares Rise 2% HDFC Bank's shares rose 2% on Monday after India's top private lender reported an uptick in its net interest margin...

Berkshire Hathaway sells 34 million Bank of America shares for $1.48 Billion

Berkshire Hathaway sells Bank of America shares Warren Buffett’s Berkshire Hathaway has sold approximately 34 million shares of Bank of America for $1.48 billion, as...

UBS named “World’s Best Bank” at Euromoney Awards for Excellence 2024

Euromoney names UBS "World's Best Bank UBS has been honored with the prestigious title of "World’s Best Bank" at the Euromoney Awards for Excellence 2024....

ADB maintains India’s growth rate projection at 7.0% for FY 2024

ADB Maintains India's Growth Rate Projection at 7.0% for FY 2024 The Asian Development Bank (ADB) has upheld its projected growth rate for India at...

RBI imposes monetary penalty on 5 different Sahakari and Co-operative banks

RBI has imposed monetary penalties on the following banks for different reasons: 1. Sivagangai District Central Co-operative Bank Limited, Sivagangai, Tamil Nadu: The Reserve Bank of...

SBI report urges divestment of state-owned banks

SBI Recommends Disinvestment of Public Sector Banks and Consolidation of Government-Owned Banks The State Bank of India (SBI) has advocated for the disinvestment of public...

The World Bank launches fiscal Year 2025 funding program with £750 million 7-year benchmark bond

The World Bank Prices 7-Year GBP Benchmark Bond Due July 2031 The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has priced a...

RBI expands scope of remittances to IFSCs under LRS

RBI News The Reserve Bank of India (RBI) has broadened the scope of remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme...

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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...