According to Deputy IT Minister Rajeev Chandrashekhar, Indian startups had deposits worth about USD 1 billion with embattled Silicon Valley Bank and he claimed he had suggested that local banks lend more to them going ahead.
Tag: Banking
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors.
DBS CEO Piyush Gupta among 27 NRIs Pravasi Bharatiya Samman awardees
DBS Bank CEO Piyush Gupta was among 27 NRIs of the 17th Pravasi Bharatiya Samman Awards (PBSA).
Financing options that can help you take your business to the next level
Shortage of finances can pose a hurdle to your business plans if not solved at the earliest. There are several financial institutes offering business loans.
How a business loan can save, sustain or grow your venture
Expansion of the business is possible with a long-term business loan with a low interest rate. Some of the areas where taking a business loan would helpful.
Rajneesh Karnatak appointed Executive Director of Union Bank of India
Union Bank of India has appointed a veteran banker from the Punjab National Bank (PNB), Rajneesh Karnatak to the position of Executive Director.
Emirates NBD mulls plans for expansion in India
One of the major banking groups in the Middle East North Africa and Turkey (Menat) region, Emirates NBD, has announced its plans for further expansion in India, following approval from the Reserve Bank of India (RBI) to open two additional branches.
RBI, MAS announce plan to link e-payment systems across India, Singapore
Singapore News: The Reserve Bank of India and the Monetary Authority of Singapore announced a project to link their respective fast payment systems. While India uses Unified Payments Interface (UPI) as a fast payment method, Singapore uses the PayNow system.
DBS tops list of World’s Best Banks In India 2021
Sngapore’s DBS has been named by Forbes in their list of World’s Best Banks 2021 out of 30 domestic and international banks in India for the second consecutive year.
Looking to drive economic growth through rising export potential, says Exim Bank MD David Rasquinha
Highlighting Mumbai-headquartered Export Import (Exim) Bank of India’s profit after tax (PAT) doubling in FY 2021, India Exim Bank MD and CEO David Rasquinha said that the present year has started well and is also looking good despite the impact of the second wave.