India's Budget 2025-26 Coverage
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Topics: Bank

RBI's subsidiary DICGC says, "Depositors in failed and liquidated bank to get only Rs 1 lakh as insurance cover"

Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts,...

Argentina's fintech startup Uala plans for expansion with Tencent, SoftBank, and Pierpaolo Barbieri

Argentine digital banking startup Uala is looking to more than double in size, expand its product range and leverage expertise from new investors including...

Bank Of England keeps its interest rate at 0.75%, alters UK growth forecasts at 1.4% for 2019

The Bank of England (BoE) has left its main interest rate at 0.75 percent, it said on November 7 after a regular meeting and...

Britain will not appoint new BoE Governor before Dec. 12 election

Britain's government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance...

Bank of Japan keeps monetary policy steady, brings new forward guidance on rates

The Bank of Japan kept its monetary policy steady on Thursday but introduced new forward guidance to more clearly signal the future chance of...

World Bank slashes India’s growth forecast to 6 percent, Warns “Severe” Slowdown

The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6 percent, down from 7.5 percent, warning that the...

Mindtree introduces Blockchain-powered ‘Merchant On-Boarding’ solutions for Banks and Payment service providers

A Banglore-based technology service provider, Mindtree on Wednesday launched its new Blockchain-powered “Merchant On-Boarding” solutions for banks and payment service providers. In a statement issued...

Aisa Development Bank’s president Takehiko Nakao to step down

The president of the Asia Development Bank, Takehiko Nakao, plans to step down early next year, the regional lender said on September 17. Japan has...

RBI: Forex reserves rose by $1 bn to $429.60 bn, Gold drops by $199 mn to $27.35 bn

The country's foreign exchange reserves increased by $1.004 billion to $429.608 billion in the week to September 6, helped by a rise in foreign...

North Korea’s economy drops the most in 2018 since 1997

North Korea's economy shrank in 2018 for a second straight year, and by the most in 21 years, hit by international sanctions to stop...

Donald Trump says, “I’m not a fan of Bitcoin and other Cryptocurrencies”

The U.S. President Donald Trump on Thursday said, "He is not a fan of cryptocurrencies, and if Facebook wants to become the bank,...

Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would attract another $38 billion from other lenders

The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD...

China’s industrial growth reports 17 years low in May

China’s industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening...

Coal India to hire merchant bankers for acquiring equity stakes in Australian coal assets

State-owned Coal India will hire merchant bankers to carry out financial due diligence for acquiring equity stakes in identified mines and companies in Australia...

RBI Governor: Need for a fresh look at NBFC supervision; norms soon on liquidity risk management

Concerned overstress in the NBFC sector, RBI Governor Shaktikanta Das Saturday said there is a need to have a fresh look at the regulation...

InstaReM to offer cross-border payments service for KASIKORNBANK clients

Asia's leading digital cross-border payment company InstaReM has partnered with Thailand's leading bank KASIKORNBANK (KBank) to provide cross-border payments for bank's client. The company in...

Ashish Sinha: India’s growth trajectory holds tremendous potential for global stakeholders

India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has...

Wall Street signs positive earning growth

US stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings,...

Exim Bank extends two line credit worth of $180 Mn for two projects of Ghana

The Exim Bank has extended two lines of credit (LoCs) worth USD 180 million to two projects in Ghana. The bank has given a USD...

To recover Rs 423 crore, SBI invites Express of Interest to sell two dud accounts

SBI has invited expression of interest from asset reconstruction companies and financial institutions to sell two non-performing accounts to recover dues of over Rs...

NTPC infuses Rs 2000 crore as short term loan in Canara Bank

One of India's largest state-run power utility company, NTPC on Friday has announced that it has agreed to infuse Rs 2,000 crore in...

Foreign reserve grows to $412 billion from $5.23 billion

The maiden dollar-rupee swap conducted by the central bank last week helped the country's foreign exchange reserves swell by a healthy $5.237 billion to...

SBI raised Rs 1,251 crore through Basel III-complaint bonds

One of India's largest public bank, State Bank of India has raised Rs 1,251.30 crore from Basel III-complaint bonds. In a regulatory filing on Friday,...

SEBI exempts the government from issuing an open offer for Union Bank shareholders

Markets regulator SEBI on Friday exempted the central government from making an open offer for the shareholders of Union Bank of India following capital...

Exim Bank grants $83 million in loans to Congo to finance three solar power projects in Central Africa

Exim Bank on March 19 said it has given a loan of $83.11 million to Congo to finance three solar power projects in the...

Lakshmi Vilas Bank secures Rs 459 crore through QIP

India's private sector bank, Lakshmi Vilas Bank has announced that "It has raised Rs 459.59 crore through Qualified institutions placement (QIP)." Lakshmi Vilas Bank, in...

Infosys Finacle to develop cross-border trade finance network for Hatton National Bank

Sri Lanka's leading private bank Hatton National Bank (HNB) on Wednesday announced that "It has partnered with Infosys Finacle Trade Connect, a part of...

RBI: No data on demonetised notes used at the petrol pump

The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay...

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...

Reserve Bank of India proposes strick compensation norms for Private and Foreign Banks

Seeking to curb excessive salary payout practices, the Reserve Bank of India has proposed strict compensation norms for senior officials of private as well...

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