US banking: FDIC directs agencies to analyse deposit insurance

Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg...

'Ethraa Career Fair' kicks off in Dubai

Organised by the EIF with the participation of the Emirati Talent Competitiveness Council, (NAFIS), the strategic...

First Republic Bank closed; JP Morgan to acquire its assets

US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an...

Global economy staring at possibility of slowdown

According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers...

Rajneesh Karnatak joins Bank of India as MD & CEO

During his banking career, he has headed critical divisions like large corporate credit branches and strategic...

L&T Finance Holdings' net profit up 46 pc March quarter

During the January-March 2023 quarter, it reported a consolidated profit after tax (PAT) of Rs 501 crore, up 46 per...

Regulatory standards for SVB "were too low", finds US Fed review

Regulatory standards for the recently failed Silicon Valley Bank in the US "were too low" and the supervision did...

UAE Banks Federation approves 2023 strategy for banking sector

The UAE Banks Federation (UBF) recently held its annual general meeting, chaired by Abdulaziz Al Ghurair, the...

Banking infrastructure needs to strengthen further: MoS

The conclave was organised by the ministry of development for the North Eastern Region, North Eastern Development...

Bajaj Finserv net profit grows 31 pc to Rs 1,769 cr in Q4

Bajaj Finserv has posted a 31 per cent jump in its net profit to Rs 1,769 crore for the quarter ended March 31,...

PMMY revolutionised sociocultural fabric of nation in short span

According to SBI Research, MUDRA has created an indelible print on India's rising micro, small and medium...

RBI governor says looking at business models of banks closely

A resilient bank needs to be financially, operationally and organisationally resilient and should have adequate...