Search For "bank"
Dutch development bank FMO pitches USD 11-mn investment in microfinance fi
Updated : 3 years ago IST
The proposed investment will be used to finance Arohan's post-Covid growth, FMO said. The homegrown microfinance company also plans to complement its branch network with more technology-driven services.
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Savings of depositors safe, says US after two banks collapse
Updated : 3 years ago IST
Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the state regulators on Sunday (local time), becoming the second US bank to have collapsed.
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Pocket HRMS and Fi Money join hands to offer No Cost HRMS and Neo Banking
Updated : 3 years ago IST
Mumbai (Maharashtra) [India], March 13 (ANI/BusinessWire India): Pocket HRMS, India's best smHRt HRMS (HR management software) has announced a strategic partnership with Bengaluru-based fintech Fi Money to fuel its mission to Digitalize entire spectrum of Human Resource Management for Digita
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After 2nd US bank collapses, Biden to brief today on maintaining banking s
Updated : 3 years ago IST
US President Joe Biden on Monday morning (local time) will deliver remarks on how his government will maintain a resilient banking system after two US-based banks collapsed and were closed by regulators in a matter of two-to-three days.
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USISPF's Startup Connect Statement on Silicon Valley Bank Crisis
Updated : 3 years ago IST
New Delhi [India], March 13 (ANI/BusinessWire India): In light of the sudden collapse of Silicon Valley Bank, Dr Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum's Startup Connect Program thanks the U.S. Federal Reserve, the Federal Deposit Insurance Corporation (FD
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New York's Signature Bank collapses, becomes 2nd US bank to be shut down
Updated : 3 years ago IST
New York-based Signature Bank was closed by the state regulators, becoming the second US bank after Silicon Valley Bank to have collapsed in a matter of less than a week.
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US bails out SVB depositors, says will get all their money back
Updated : 3 years ago IST
"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer," read the statement.
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US Treasury Secretary Yellen rules out bailout for bankrupt Silicon Valley
Updated : 3 years ago IST
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
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Subsidiaries of Nazara Technologies hold Rs 64 cr cash in crisis-hit Silic
Updated : 3 years ago IST
Listed mobile gaming company Nazara Technologies on Sunday said two of its step-down subsidiaries Kiddopia Inc and Mediawrkz Inc hold cash balances worth Rs 64 crore at Silicon Valley Bank, which is currently under crisis.
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MoS Rajeev Chandrasekhar to meet Indian startups to discuss Silicon Valley
Updated : 3 years ago IST
Union minister Rajeev Chandrasekhar said he will meet Indian startups this week to understand the impact of SVB Financial's collapse on them and how the government can help during the crisis.
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SVB bankruptcy created 'major crisis' in tech industry, says Israel's PM N
Updated : 3 years ago IST
The SVB collapse has sent ripples across the tech industry in the United States, the United Kingdom and other countries, including Israel, where the tech lender has branches.
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Musk says he's open to buying Silicon Valley Bank
Updated : 3 years ago IST
His tweet came after the California Department of Financial Protection and Innovation shut down SVB on Friday, less than two days after the bank tried to persuade clients not to pull their money over concerns it was running low on available cash.
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