ANEXT Bank Sees Significant Growth in Regional and Global Reach Among MSME Clients ANEXT Bank, a digital wholesale bank based in Singapore and wholly owned...

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Citi’s New Banking Head Viswas Raghavan Begins Tenure as CEO Praises His ‘Intensity’

PJdesk - 05/06/2024 0

Citi's New Banking Head Viswas Raghavan Begins Tenure Amid High Hopes from CEO Jane Fraser Viswas Raghavan joined Citigroup as its new head of banking...

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NCLT Initiates Insolvency Proceedings Against Jaiprakash Associates Following ICICI Plea

PJdesk - 05/06/2024 0

NCLT Initiates Insolvency Proceedings Against Jaiprakash Associates On Monday, the National Company Law Tribunal (NCLT) directed the initiation of insolvency proceedings against Jaiprakash Associates Ltd...

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Canara Bank’s board approves raising Rs 8,500 crore through bonds in FY25.

PJdesk - 03/06/2024 0

Canara Bank news update: State-owned Bank announced on Friday that its board has approved raising Rs 8,500 crore through bonds to support business growth in...

Bank

SBM Bank India Ltd. hit with ₹88.70 Lakh Penalty by RBI for Regulatory Non-Compliance

PJdesk - 02/06/2024 0

SBM Bank India Ltd. news update The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹88.70 lakh (Rupees Eighty Eight Lakh Seventy...

Bank

UBS Celebrates Successful Merger with Credit Suisse

PJdesk - 02/06/2024 0

UBS Group AG Finalizes Merger with Credit Suisse AG UBS Group AG announced today the successful completion of its merger with Credit Suisse AG, facilitated...

Bank

The RBI intends to implement regulations aimed at strengthening the financial sector, as stated in its annual report

PJdesk - 01/06/2024 0

RBI Aims to Strengthen Regulations From implementing the expected credit loss (ECL) model for asset classification to conducting a thorough review of loan rates, the...

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NPA Risk for Banks and NBFCs Could Rise Due to Delay in Over 40% of Infrastructure Projects

PJdesk - 30/05/2024 0

NPA Risk for Banks and NBFCs NPA Risk for Banks and NBFCs May Surge Amid Delays in 40% of Infrastructure Projects A recent report by the...

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UBS Unveils Empowering Transformations to Group Executive Board for Brighter Future

PJdesk - 30/05/2024 0

UBS Group Executive Board Restructure Zurich, 30 May 2024* – UBS has marked significant milestones in its integration of Credit Suisse, with the merger of...

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RBI takes strict action against ECL Finance and Edelweiss ARC

PJdesk - 30/05/2024 0

RBI Tightens Grip on ECL Finance, Edelweiss ARC Continuing its oversight of banks and other financial institutions, the Reserve Bank of India (RBI) announced on...

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RBI Launches G-Secs App to Attract Retail Investors

PJdesk - 29/05/2024 0

RBI news update On Tuesday, the Reserve Bank of India (RBI) launched three major initiatives, including a mobile app, to enable retail investors to participate...

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HSBC Asset Management Company India and its trustees settle a Sebi notice by paying Rs 23.9 lakh

PJdesk - 28/05/2024 0

HSBC India AMC Settles SEBI HSBC Asset Management (India) Pvt Ltd, along with four trustees, collectively paid Rs 23.92 lakh to the Securities and Exchange...

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Economic Survey: India’s GDP expected to grow between 6.3% and 6.8% in FY26

Intellect to assume digital banking operations of Central 1, Canada

HDFC Bank Reports Q3 FY25 Results: Net Profit Rises 2.2% YoY, over 8% steady growth In NII

RBI cancels Certificate of Registration of X10 Financial Services Limited due to irregular lending practices

RBI updates FEMA regulation to boost cross-border rupee transactions

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