- Thursday
21 September 2023
Bank
2,000-rupee notes being withdrawn by RBI; lifecycle ends on September 30
The 2,000-rupee banknotes are still legal tender, but all of them must be deposited in bank accounts by September 30, 2023, or they can be...
Billions of rupees owed to us frozen due to sanctions, says Russian FM Lavrov
Russian Foreign Minister Sergei Lavrov claimed that his nation has accumulated billions of rupees in Indian banks which it can't use, due to...
DBS Singapore told to set aside SGD1.6 billion by MAS after digital banking outage
DBS Singapore, one of the top banks in South Asia, has been ordered by the Monetary Authority of Singapore to make an additional provision...
NRIs remit highest ever USD 107 billion in FY 2022-23: RBI Governor
The Governor of the Reserve Bank of India in a statement announced that inward gross remittances from the NRI for FY 2022–23 had reached a...
India-born Ajay Banga set to become World Bank chief unopposed
Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender's next president after nominations...
Indian startups had USD 1 billion deposits in SVB: Rajeev Chandrashekhar
According to Deputy IT Minister Rajeev Chandrashekhar, Indian startups had deposits worth about USD 1 billion with embattled Silicon Valley...
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...