- Wednesday
22 March 2023
Bank
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...
‘Silicon Valley Bank’s fall triggered crisis across tech firms’
Israeli PM Benjamin Netanyahu warned that the implosion of Silicon Valley Bank (SVB), the second-largest bank failure in US history, created...
India welcomes UK court’s ruling on Nirav Modi's extradition
India welcomed the UK High Court's decision which rejected fugitive diamantaire Nirav Modi's appeal against his extradition to India in...
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...
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...
Four sent to jail for INR 3-crore bank fraud: India
Four persons have been sentenced five years of rigorous imprisonment in an INR 3 crore bank fraud case in India.
First day of India strike witnesses rail blockades, scuffles; services hit
Bharat Bandh is a central trade unions to protest against government policies affecting workers, farmers, and people. In New Delhi, public...
Wall Street bank staff may lose their job if not vaccinated by January-end
Citigroup Inc will become the first Wall Street bank to enforce a strict COVID-19 vaccine mandate on its employees who are not yet...
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...
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...
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...
1.4 million Singaporeans, 950,000 HDB Households to receive SGD 1.3 billion in GST Vouchers in 2021
Singaporeans will receive GST Voucher – Cash Special Payment and GSTV – U-Save Special Payment are part of the SGD 900 million Household...
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...
DBS India recognised as 'India's Best International Bank 2021' by Asiamoney
DBS India announced that it has been named 'India's Best International Bank' by Asiamoney, a financial publication of Euromoney...
Indian companies' overseas investment fell 35% in February 2021, says RBI
According to banking data, India Inc's overseas direct investment fell by 31% to USD 1.85 billion in February this year.
Singapore's DBS Bank plans to scale down India branches over next 2-3 years
Singapore-based DBS Bank plans to scale down its network of 600 branches in India over the next two-three years following its recent merger...
The Grab-Singtel consortium aims to formally launch its digital bank focusing on serving consumers and small businesses in early 2022.
Chennai-based Lakshmi Vilas Bank merges with DBS unit
Chennai-headquartered Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India from November 27, 2020.
NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow...
DBS launches online tracking for cross-border payments in Asia's first
More than 240,000 DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from the service at no additional...
Pramod Mittal, brother of UK steel tycoon Laxmi Mittal, claims losses of GBP 2.5 bn in bankruptcy
Industrialist Pramod Mittal, the younger brother of UK-based steel magnate Lakshmi Mittal, has claimed that he owes GBP 2.5 billion pounds....
DBS named world's best bank for 3rd year running
For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its...
DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.
OCBC customers can use SingPass for ibanking login in Singapore's first
OCBC’s 1.8 million digital customers in Singapore are now able to use SingPass Mobile app as an alternative login to access the full suite...
Indian banks pushing for bankruptcy order against Mallya to be enforced in UK court
A consortium of Indian banks led by the State Bank of India (SBI) are pursuing a bankruptcy order against liquor tycoon Vijay Mallya in the...