RBI approved the re-appointment of Sumant Kathpalia as MD & CEO of IndusInd Bank.
IndusInd Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as Managing Director and CEO for one...
Major Banks like Canara Bank and IDBI Bank Revise MCLR in March 2025
As of March 2025, several major banks, including HDFC Bank, Bank of Baroda, Punjab National Bank (PNB), Canara Bank, and IDBI Bank, have revised...
Shamli DM Reviews Youth Entrepreneur Scheme, Warns Banks of Strict Action Over Lapses
During a review meeting of the Chief Minister’s Youth Entrepreneur Scheme, the District Magistrate expressed strong dissatisfaction with the poor performance of several banks...
Effective January 1, 2024, the FinCEN Beneficial Ownership Rule will have an extended reporting...
By September 2022, the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) finalized the beneficial ownership information (BOI) reporting rule implementing Section...
What is Valentine’s Day?
What is Valentine’s Day? For many people, Christmas break, or something like that is a celebration to show their loved ones...
Finance Minister Urges Banks to Enhance Lending While Ensuring Profitability
Finance Minister Nirmala Sitharaman held an annual review meeting on Friday, June 27, with the heads of public sector banks (PSBs). She met with the...
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Bankers says, RBI New PCE Guidelines Could Shake Things up, Especially Infrastructure Projects
The Reserve Bank of India (RBI) has released new draft guidelines on PCE. New rules make it easier and cheaper, especially in infrastructure, to...
Rupee collapse to record low against US dollar
Indian rupee reached a record low in trading in the early hours of trade today amid a sharp rise in crude oil prices around...
With Inflation Easing, Russian Central Bank Reduces Rate by 200 Basis Points
The Russian central bank has cut its main interest rate by 2% ( 200 basis points), bringing it down to 18%. This move was...