Banking Crisis
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As Guns Fall Silent, Gazans Find No Cash In Newly-Opened Banks
The ceasefire in Gaza has eased the trauma of Israel's air strikes and blockade but a shortage of cash has left Palestinians unable to spend what little money they have without falling victim to wartime profiteers.
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After Truce, Gazans Rush To Banks For Cash Only To Find There's None Left
The Palestinians trying to rebuild their lives in the ruins of Gaza are short of many things: food, clean water, medicine, and cash. On Sunday, two bank branches reopened, triggering an eager rush of clients. They were quickly disappointed.
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US State Department Fires Staff After Dispute Over Israel-Gaza Talking Points
The State Department has fired a press officer who was responsible for drafting Trump administration talking points about policy toward Israel and Gaza after complaints from the US Embassy in Jerusalem.
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UK To Recognise Palestinian State In September Unless Israel Meets Conditions
Britain will recognise the state of Palestine in September unless the Israeli government takes substantive steps to end the "appalling situation" in Gaza and meets other conditions, British Prime Minister Keir Starmer told his cabinet.
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"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
OpenAI CEO Sam Altman warned the financial industry of a "significant impending fraud crisis" because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money.
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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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World’s Tree Species at Risk of Extinction, Claims New Study
A recent report has revealed that more than 38% of tree species globally are at risk of extinction, with human activities like deforestation and disease contributing significantly to their decline. The findings were presented at the UN COP16 biodiversity summit in Colombia, where world leaders are discussing strategies to protect natural ecosystems...
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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No Soap, No Water: Girls In War-Torn Gaza Forced To Cut Their Hair
When girls complain to Gaza paediatrician Lobna al-Azaiza that they have no comb, she tells them to cut off their hair.
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Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
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RBI Action On Paytm Payments Bank Not Impacting Merchants' Trust, Says Survey
The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.
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Paytm Set To Retain Customers Despite Crisis, Says Brokerage Firm UBS
UBS also expects gradual improvement in Paytm's EBITDA margin, averaging eight per cent from financial year 2024 to 2028.
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Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoin...
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Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
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Paytm Fiasco Shows the RBI Doesn't Understand Payments
The RBI could have handled the crisis at Paytm better. In barring the company from onboarding new customers from February 29, it has triggered a crisis of confidence among crores of users
-
As Guns Fall Silent, Gazans Find No Cash In Newly-Opened Banks
The ceasefire in Gaza has eased the trauma of Israel's air strikes and blockade but a shortage of cash has left Palestinians unable to spend what little money they have without falling victim to wartime profiteers.
-
After Truce, Gazans Rush To Banks For Cash Only To Find There's None Left
The Palestinians trying to rebuild their lives in the ruins of Gaza are short of many things: food, clean water, medicine, and cash. On Sunday, two bank branches reopened, triggering an eager rush of clients. They were quickly disappointed.
-
US State Department Fires Staff After Dispute Over Israel-Gaza Talking Points
The State Department has fired a press officer who was responsible for drafting Trump administration talking points about policy toward Israel and Gaza after complaints from the US Embassy in Jerusalem.
-
UK To Recognise Palestinian State In September Unless Israel Meets Conditions
Britain will recognise the state of Palestine in September unless the Israeli government takes substantive steps to end the "appalling situation" in Gaza and meets other conditions, British Prime Minister Keir Starmer told his cabinet.
-
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
OpenAI CEO Sam Altman warned the financial industry of a "significant impending fraud crisis" because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money.
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
World’s Tree Species at Risk of Extinction, Claims New Study
A recent report has revealed that more than 38% of tree species globally are at risk of extinction, with human activities like deforestation and disease contributing significantly to their decline. The findings were presented at the UN COP16 biodiversity summit in Colombia, where world leaders are discussing strategies to protect natural ecosystems...
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
No Soap, No Water: Girls In War-Torn Gaza Forced To Cut Their Hair
When girls complain to Gaza paediatrician Lobna al-Azaiza that they have no comb, she tells them to cut off their hair.
-
Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
-
RBI Action On Paytm Payments Bank Not Impacting Merchants' Trust, Says Survey
The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.
-
Paytm Set To Retain Customers Despite Crisis, Says Brokerage Firm UBS
UBS also expects gradual improvement in Paytm's EBITDA margin, averaging eight per cent from financial year 2024 to 2028.
-
Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoin...
-
Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
-
Paytm Fiasco Shows the RBI Doesn't Understand Payments
The RBI could have handled the crisis at Paytm better. In barring the company from onboarding new customers from February 29, it has triggered a crisis of confidence among crores of users
