Credit Suisse Shares No Longer Fit For New York Listing
Agence France-Presse | Wednesday May 31, 2023, SwitzerlandBattered shares in crisis-hit Credit Suisse no longer meet criteria for listing on the New York Stock Exchange, the bank said Wednesday, adding that its upcoming sale to UBS would resolve the issue.
RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts
Edited by Samiran Mishra | Wednesday May 31, 2023, New DelhiThe Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.
RBI May Reduce Policy Rate In 4th Quarter Of 2024: Report
Press Trust of India | Monday May 29, 2023, New DelhiGlobal forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner.
Provide Shade, Water To Those Exchanging Rs 2,000 Notes: RBI To Banks
Press Trust of India | Monday May 22, 2023, MumbaiThe Reserve Bank on Monday advised banks to provide shade from the sun and water to customers waiting to exchange or deposit Rs 2,000 notes.
Total Profit Of Public Sector Banks Crosses Rs 1 Lakh Crore In FY 2023
Press Trust of India | Sunday May 21, 2023, New DelhiPublic sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.
Here's What Experts Say About Changes Made In LRS For Credit Cards
Asian News International | Friday May 19, 2023, New DelhiTax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
"Severe Breach": Goldman Sachs Fined $7.2 Million For Misreporting Capital Needs
Agence France-Presse | Monday May 15, 2023, GermanyThe European Central Bank (ECB) has fined US financial giant Goldman Sachs 6.63 million euros ($7.2 million) for misreporting its capital needs, it said on Monday.
Rajneesh Karnatak Joins Bank Of India As Managing Director, CEO
Asian News International | Sunday April 30, 2023, New DelhiRajneesh Karnatak has joined the Bank of India as its managing director and chief executive officer.
Banks Should Have Adequate Capital Buffers, Liquidity: RBI Chief
Reuters | Thursday April 27, 2023, MumbaiBanks should have adequate capital buffers and liquidity and be ready to report earnings even under macroeconomic stress, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.
RBI Gives HDFC Bank Selective Regulatory Relief Post HDFC Merger
Reuters | Friday April 21, 2023, MumbaiThe Reserve Bank of India has allowed HDFC Bank Ltd and Housing Development Finance Corporation select regulatory relief to smooth out the merger between the two organisations, set to conclude by July this year.
Ex-Fintech Firm Employee Cheats ICICI Bank Customer, Arrested: Police
Asian News International | Saturday April 15, 2023, New DelhiThe Delhi Police has arrested three fraudsters, including a former employee of Paisabazaar for duping an ICICI Bank's customer.
Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
Press Trust of India | Monday April 03, 2023, New DelhiAbout Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
Man Who Stole Personal Data Of Nearly 70 Crore Arrested: Cyberabad Cops
Press Trust of India | Saturday April 01, 2023, HyderabadThe Cyberabad Police on Saturday said they arrested a person who was allegedly involved in stealing, holding and selling of personal and confidential data of 66.9 crore individuals and organisations belonging to 24 states and eight metropolitan cities.
Axis Bank Completes Acquisition Of Citibank Businesses: What It Means For Customers
Edited by Amit Chaturvedi | Wednesday March 01, 2023Axis Bank had last year announced that it is starting the process of acquiring Citibank's consumer and non-banking finance businesses in India.
RBI Back With Hackathon, Seeks Innovative Fintech Solutions
Edited by Aprameya Rao | Thursday February 16, 2023, New DelhiThe Reserve Bank of India on Tuesday announced the second edition of its global hackathon 'HARBINGER', where participants can showcase their innovative fintech solutions.
