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Axis Bank receives a penalty of Rs 2 crore and Max Life receives a...
In a case involving the purchase and sale of shares by Axis Bank and its group companies, the regulator Irdai has imposed a penalty...
Supreme Court To review demonetization move, asks centre, RBI to submit affidavit
On Wednesday, the Supreme Court (SC) decided to revisit the Center's 2016 decision to implement demonetization. The Modi government's decision-making process has been called...
Federal Bank hits record high after strong Q2 performance
After reporting a 52.89% increase in standalone net profit to Rs 703.71 crore in Q2 FY23 from Rs 460.26 crore in Q2 FY22, Federal...
World economy is dangerously close to recession, World Bank President warns
The world economy is perilously close to entering a recession, according to World Bank President David Malpass, who also asked for targeted assistance for...
5 Days banking in Banking Industry
A letter was addressed to IBA by 4 workmen Unions viz. AIBEA, NCBE, NOBW and INBEF, with the introduction of 5 Banking Days per...
Deutsche bank and Fiserv launch vert, Germany’s newest payments company
In collaboration with Fiserv, Deutsche Bank launched Vert, which provides small and midsized businesses with comprehensive payment acceptance and banking services.
Vert blends traditional banking...
Jin yee young appointed head of the international private bank asia pacific
Jin Yee Young has been appointed as Head of the International Private Bank (IPB) Asia Pacific (APAC), subject to relevant regulatory approvals, effective January...
World Bank extends unconditional loan of $250 million for SALT project in Andhra Pradesh
The World Bank (WB) has extended an unconditional loan of $250 million to the Supporting Andhra's Learning Transformation (SALT) project in recognition of the...
IMF, World Bank warn of increasing risk of global recession
A worldwide financial recession is becoming more likely as a result of economic headwinds, the leaders of the International Monetary Fund (IMF) and the...