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Articles for Banking & Finance

Asian Stocks Prepare For A Deluge Of Central Bank Meetings

A positive jobs report has led investors to reduce their expectations of a Federal Reserve cut in March, but there's still a 76 per cent probability priced in for May

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Yes Bank Scam: Bombay HC Grants Interim Bail To DHFL Promoter Wadhawan

While granting bail, Justice SM Modak noted the past misuse of liberty by Wadhawan but said that the court needs to balance various considerations

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Elderly Man Loses Life Savings While Updating KYC: Scam Alert

SP Sinha, residing in Thakurpukur, Kolkata, fell prey to a cunning phone call from a fraudulent individual posing as a bank representative from the branch where Sinha held his pension account

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RBI Imposes Penalties, Revokes License Of Urban Cooperative Bank In Uttar Pradesh

Multiple banks fined, regulatory action taken for non-compliance, customers assured refunds

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RBI's Weekend Liquidity Reversal Is A Strategic Shift For Banks: SBI Ecowrap

The Central Bank has now decided to allow the reversal of liquidity facilities under both SDF and MSF even during weekends and holidays with effect from 30 December 2023

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Key Takeaways For Banking, Insurance Sectors From MPC Meeting

E-mandates for making payments of a recurring nature have been raised to Rs 1 lakh for mutual fund subscriptions, insurance premium subscriptions and credit card repayments

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RBI, BoE Sign MoU To Facilitate Cross-border Settlement, Clearing Activities

The Indian High Commission in London informed in a press release that the MoU was signed by RBI Deputy Governor T Rabi Sankar and Bank of England Deputy Governor for Financial Stability, Sarah Breeden

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MPC Meeting: Open Market Operations Sale Temporarily On Pause

In macroeconomics, an open market operation (OMO) is an activity performed by a central bank to provide or withdraw liquidity in its currency from a bank or a group of banks

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