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Articles for Banking & Finance

RBI Governor Meets Swiss National Bank’s Thomas Jordan During G20 Meet

Earlier in the day, the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting commenced in Gandhinagar. The two-day event will culminate on 18 July

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Uday Kotak To Take On Non-Executive Position On Board

In a letter to shareholders, he stated his decision to step down from his whole-time position

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Rain's Havoc Highlights Insurance's Role In Protecting Lives, Properties

Insurance's significance in protecting lives and properties is underscored by the havoc wreaked by rain

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Credit Card Spending Hits Record High At Rs 1.4 Lakh Cr; 87.4 Mn Cards In Use

While credit card spends were between Rs 1.1-1.2 lakh crore throughout the fiscal year 2023, they reached a new peak of Rs 1.4 lakh crore in May. Additionally, the average spend per card reached a record high of Rs 16,144

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FSIB Publishes Recommendations For List Of Executive Directors In PSBs

It was also stated that the selections were based on “their performance in the interface, their overall experience and the extant parameters”

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RBI, UAE Central Bank Sign MoUs For Cross-border Transactions

These agreements focus on promoting the use of local currencies for cross-border transactions and integrating their payment systems, specifically the Unified Payments Interface (UPI) with the Instant Payment Platform (IPP) of UAE

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Bandhan Bank's Q1 Net Profit Falls 19% To Rs 721 Cr

The drop in profit exceeded analysts' expectations, who had predicted a decline of around 14 per cent

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RBI To Release Guidelines For Banks To Resolve Rupee Trade Issues: Report

In May, Russia’s Foreign Minister Sergei Lavrov said talks were underway with India to exchange billions of rupees that have accumulated in Indian banks for other currencies

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