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Global economy staring at possibility of slowdown as fears re-emerge over
Updated : 3 years, 2 months ago IST
According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.
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J-K: L-G Sinha hands over appointment letter to widow of Kashmiri Pandit k
Updated : 3 years, 2 months ago IST
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday handed over an appointment letter to Sunita Sharma, the widow of Sanjay Sharma, a civilian killed in a terror attack.
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UAE, Morocco review strengthening financial, economic cooperation
Updated : 3 years, 2 months ago IST
Alongside Al Hussaini, the meeting was attended by Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); and Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD); as well as several senior officials from both parties.
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Lebanon, six other states accuse Lebanese Central Bank governor of embezzl
Updated : 3 years, 2 months ago IST
Riad Salameh, the long-serving Governor of the Central Bank of Lebanon has been accused by the relevant authorities of Lebanon, France, Belgium Germany, Switzerland, Luxembourg and Lichtenstein of financial crimes and of laundering more than USD 330 million.
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Central Bank of India profit jumps over 84 pc to Rs 571 crore in fourth qu
Updated : 3 years, 2 months ago IST
"Operating profit has shown a growth of 16.27 per cent on a year-on-year basis to Rs 2,108 crore for the fourth quarter of FY23 (Q4FY23) as against Rs 1,813 crore for the fourth quarter in FY22 (Q4FY22)," the bank said in a statement shared with exchanges.
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Uday Kotak clarifies his statement, calling dollar as "financial terrorist
Updated : 3 years, 2 months ago IST
On Sunday, he posted on Twitter: "In a recent discussion on US$ I inadvertently used words "financial terrorist" which I would like to correct. What I meant was that a reserve currency has disproportionate power, whether it is nostro account, 500 bps rate increase, or emerging countries hold
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Markets next week: Focus on Adani stocks, auto sales, Federal Open Market
Updated : 3 years, 2 months ago IST
Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
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Federal Reserve examines factors that contributed to failure of Silicon Va
Updated : 3 years, 2 months ago IST
The US Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S Barr.
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Rajneesh Karnatak joins Bank of India as MD & CEO
Updated : 3 years, 2 months ago IST
During his banking career, he has headed critical divisions like large corporate credit branches and strategic verticals such as credit monitoring, digital banking and mid corporate credit as general manager in Oriental Bank of Commerce.
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IDFC First Bank posts 134 per cent jump in net profit
Updated : 3 years, 2 months ago IST
Net profit jumped 32.7 per cent on a quarterly basis, according to a statement shared with stock exchanges on Saturday evening.
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China turning its anti-corruption fire on bankers: Report
Updated : 3 years, 2 months ago IST
China's top antigraft's grip over corruption has intensified as the country is targeting bankers.
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India scaling renewable energy capacity but challenges remain: ADB
Updated : 3 years, 2 months ago IST
India has scaled up its renewable energy capacity by 250 per cent between 2014 and 2021. It now ranks fourth in renewable energy capacity in the world but attempting a clean energy transition at the scale that India requires faces many challenges, according to Asian Development Bank
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