This USD 600 million fund, established in collaboration with the Japan Bank for International Cooperation (JBIC), signifies a major milestone in the strategic and economic partnership between the Governments of India and Japan, read the Ministry of Finance press release.
In a significant development that could pull foreign funds into India’s debt market, JPMorgan Chase & Co. recently announced it will add Indian government bonds to its benchmark emerging-market index starting June 28, 2024. The inclusion of the index follows the Indian government’s “subs
South Asia is expected to grow by 5.8 per cent in the financial year 2023, but slower than its pre-pandemic pace and not fast enough to meet its development goals, said the World Bank in its twice-a-year regional outlook released on Tuesday. The growth forecast for 2023 is 20 basis points hi
New Delhi [India], October 3: EnKash, Asia’s first & smartest spend management platform, today announced the appointment of Vibhor Chugh as their Chief Risk Officer (CRO). Vibhor brings with him more than two decades of experience in risk management and credit assessment. Prior to joinin
Mumbai (Maharashtra) [India], October 3: Mobicule Technologies, a recognised player in debt collection and a leading home-grown digital customer on-boarding company in India, is proud to introduce its Phygital Debt Resolution service to enhance the capabilities of the debt collection and loa
The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s adherence to the directives of the CBUAE with regard to the appointment of a consultant to take action and remediat
The World Bank has retained India’s GDP growth forecast for the financial year 2023-24 at 6.3 per cent, but noted that the country continued to show resilience against the backdrop of a challenging global environment.
Prime Minister Narendra Modi on Monday made a strong attack on the Ashok Gehlot government in Rajasthan, accusing it of vote bank politics and said the government which cannot protect the lives of common people should be voted out
The World Bank posted on X, “How can developing countries become more resilient to debt risks & safeguard funding for critical needs such as healthcare & infrastructure? Kristalina Georgieva and Ajay Banga lead a high-level World Bank meetings conversation on Thursday, Oct. 12”.
Kerala BJP State General Secretary M T Ramesh has demanded a high-level inquiry into the Karuvannur Cooperative Bank scam, alleging that it is part of a larger corruption scandal involving the ruling CPI(M) party.
The Cyber Crime Branch (CCB) of Bengaluru has played a pivotal role in apprehending members of this criminal syndicate. In total, 17 cases have been registered in the city, and the gang responsible for these illicit activities has been taken into custody by the CCB cybercrime police.