South Korea to Host World Bank's IDA: In December 2024, Seoul, South Korea, will host the critical pledging meeting for the International Development Association (IDA)...

Bank

Urban co-operative banks are not interested in becoming small finance banks, according to RBI’s Satish Marathe

PJdesk - 24/05/2024 0

Urban co-operative banks: Urban co-operative banks (UCBs) are reluctant to convert into small finance banks (SFBs) due to the operational changes it entails, stated Satish...

Bank

Danske Bank bucks the trend, asserting that rupee bulls are mistaken as a record low approaches

PJdesk - 23/05/2024 0

Danske Bank Bucks the Trend, Asserting Rupee Bulls are Mistaken as Record Low Approaches Danske Bank, the top forecaster for the Indian rupee, is defying...

Bank

Buddha Purnima Bank Holiday 2024: Will Banks Delightfully Close on May 23?

PJdesk - 22/05/2024 0

Buddha Purnima Bank Holiday 2024: The Reserve Bank of India's annual calendar designates Buddha Purnima, on Thursday, May 23, as a holiday, resulting in bank...

Bank

RBI’s record ₹2.11 trillion dividend to assist Centre’s FY25 fiscal deficit, reduce bond yields

PJdesk - 22/05/2024 0

RBI's Record ₹2.11 Trillion Dividend to Assist Centre's FY25 Fiscal Deficit, Reduce Bond Yields The central bank's announcement on Wednesday of a record ₹2.11-trillion dividend...

Bank

RBI Deputy Governor Sounds Alarm Over ARCs’ Supervisory Issues

PJdesk - 19/05/2024 0

RBI Deputy Governor Raises Supervisory Concerns The Reserve Bank of India (RBI) has identified several supervisory concerns in the functioning of asset reconstruction companies (ARCs),...

Bank

RBI Empowers Positive Decrease in Government Treasury Bill Auction Volume

PJdesk - 18/05/2024 0

RBI Reduces Government Treasury Auctions: Amid tight liquidity conditions, the central bank has announced a significant reduction in government treasury bill sales and introduced new...

Bank

Bandhan Bank Q4 Results: Net profit drops 93% to ₹54 crore,Dividend declared

PJdesk - 18/05/2024 0

Bandhan Bank Q4 Results: Bandhan Bank reported its January-March quarter results for fiscal year 2023-24 (Q4FY24) on Friday, May 17, revealing a 94% drop in...

Bank

Government examining RBI’s draft regulations on project finance, states DFS secretary

Pravesh Kumar Mishra - 18/05/2024 0

Government review of RBI draft regulation The government and the Indian Banks Association (IBA) are currently reviewing the Reserve Bank of India’s (RBI) draft guidelines...

Bank

RBI imposes monetary penalty on 2-Co-operative Bank

PJdesk - 17/05/2024 0

RBI monetary Penalty on The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat The Reserve Bank of India (RBI) has, by an order dated May 8,...

Bank

RBI’s bond buyback yields only Rs 2,069 crore out of the notified Rs 60,000 crore.

PJdesk - 17/05/2024 0

RBI's bond buyback The RBI repurchased only ₹2,069 crore of government bonds from a notified amount of ₹60,000 crore, as banks were unwilling to sell...

Bank

HDFC Bank allocates 5-7% of its total expenses to technology investments

PJdesk - 16/05/2024 0

HDFC Bank news update: HDFC Bank allocates 5-7% of its overall expenses to technology, according to Parag Rao, Country Head of Payments, Liability Products, Consumer...

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About 92 percent of Indian executives cite security vulnerabilities as the primary obstacle to responsible AI usage: Deloitte report

News PJdesk - 19/12/2024 0

According to the AI at a crossroads: Building trust as the path to scale report by Deloitte Asia Pacific, about 92 percent of Indian executives...

Bank

RBI MPC Update: Repo rate likely to remain unchanged as inflation concerns take precedence

RBI imposes monetary penalty on The Sathamba People’s Co-operative Bank Ltd

Poland Boosts Support to the World Bank’s International Development Association, fund for low-income countries

Credit growth to moderate, asset quality pressure to rise: ICRA

RBI keeps Repo Rate steady at 6.5%, shifts policy stance to “Neutral”

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About 92 percent of Indian executives cite security vulnerabilities as the primary obstacle to responsible AI usage: Deloitte report

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