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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...
RBI’s financial inclusion index rises to 64.2 in march 2024, indicating enhanced financial inclusion
RBI's financial inclusion index:
The Reserve Bank's Financial Inclusion (FI) Index, which measures the extent of financial inclusion across India, rose to 64.2 in March...
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Bitmine Immersion Technologies (BMNR) announces ETH holdings reach 4.203 million tokens, and total crypto and total cash holdings of $14.5 billion
Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network Company with a focus on the accumulation of crypto for long...
Samco Mutual Fund launches India’s first actively managed momentum-based Mid-Cap Fund aiming to capture the next phase of India’s growth
Samco Asset Management Private Limited today announced the launch of the Samco Mid Cap Fund, India’s first actively managed momentum-based mid-cap fund, seeking to identify and...
Digital lending drive: PSBs sanction ₹52,300 Crore to 4 lakh MSMEs in nine months
In a significant boost to micro, small, and medium enterprises (MSMEs), Public Sector Banks (PSBs) have sanctioned over 3.96 lakh loan applications amounting to...
Shadowfax Technologies IPO opens January 20; Details here
In a significant move in the primary market, Shadowfax Technologies Ltd., a high-growth technology firm, has filed its Draft Red Herring Prospectus (DRHP) with...