On February 28, The Reserve Bank of India (RBI) conducted a $10 billion US dollar-rupee swap to inject long-term liquidity into the financial system. Here's a simplified breakdown:
Swap Details:
• The RBI...
The Reserve Bank of India (RBI) has partially reversed its stricter rules on bank loans and has made it easier for small borrowers and non-bank lenders to get loans. These actions come...
Government's Plan for PSU Bank Stake Sale - The Indian government plans to sell up to 20% of its stake in five public sector banks (PSBs) over the next four years to...
On Wednesday, February 19, 2025, several stocks hit their 52-week lows in intraday trade on the BSE. AU Small Finance Bank experienced a notable increase and saw a rise of 3.21% on...
In a significant move to honor its legacy and commitment to customer-centric innovation, Karnataka Bank has launched two new financial products as part of its Founders’ Day celebrations. The bank, which has...
Boubyan Bank in Kuwait has completed the second phase of implementing Intellect Design Arena’s eMACH.ai Digital Transaction Banking solution. Here’s what the new platform brings:
Automated Cash Management: The platform helps the bank...
SIP scheme, 'JanNivesh' – "Jan Jan Ka Nivesh" is a new investment plan designed to cater to first-time investors, small savers, and people from rural, semi-urban, and urban areas. SEBI Chief, Madhavi...
Mumbai Police have accused Hitesh Pravinchand Mehta, the former General Manager of New India Co-operative Bank Limited, of embezzling ₹122 crore from the bank. The alleged fraud has raised significant concerns about...
In a shocking incident that has left the local community in disbelief, a Federal Bank branch in Kerala was targeted by robbers in a brazen daylight heist. The robbery, which unfolded in...
The Reserve Bank of India (RBI) has placed stringent restrictions on Mumbai-based New India Co-operative Bank, effective February 13, 2025, following concerns over its financial stability and alleged mismanagement. The move has...
