Finance firms accounted for close to USD 1 billion of the $2.2 billion raised in February
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The bank has been requested to present a "new panel of candidates with relevant experience" for the chief executive role
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Unlisted NBFCs' lack of transparency complicates risk assessment, as seen in cases like IL&FS and DHFL, highlighting the contagion risk of NBFC failures
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Consequently, the bank's base rate now stands at 9.40 per cent, effective from Friday
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As traditional methods face scrutiny, industry leaders advocate for a paradigm shift towards principle-based authentication, embracing biometrics and AI to safeguard online transactions
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This was a reversal of the trend seen in previous years. Despite this shift, the overall growth volumes remained stable and increased by 3 per cent year-on-year (YoY), totalling above Rs 1.8 lakh crore.
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The potential deal involves Mitsubishi UFJ Financial Group acquiring a 20 per cent stake in HDB Financial Services, which offers various types of loans including personal, gold, and auto loans
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In its statement, the European Central Bank (ECB) suggested that if its assessment of the inflation outlook and monetary policy transmission strengthens further, it could be appropriate to reduce the current level of monetary policy restraint
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