Search For "banking system"
Banks may increase loan interest rate by 100-150 bps in FY24 amid tighteni
Updated : 3 years ago IST
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.
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President Biden says American banking system remains safe following collap
Updated : 3 years ago IST
"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.
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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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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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Benefits of Indian banking system should reach maximum people, says PM Mod
Updated : 3 years ago IST
Addressing the post-Budget webinar on "Enhancing Efficiency of the Financial Services for Creating Growth Opportunities" in a video message on Tuesday, the Prime Minister emphasised that as today's India is moving with new capabilities, the responsibility of those in the financial world of I
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India tops Singapore, Indonesia in fintech study
Updated : 3 years, 1 month ago IST
The South Asian nation came up in first place in several categories including the most amount of funds raised and total revenue.
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Chinese nationals involved in illegal activities, including human traffick
Updated : 3 years, 2 months ago IST
Chinese nationals in Nepal are involved in illegal activities from hacking the banking system to heinous crimes such as human trafficking, epardafas.com reported citing Human Trafficking Investigation Bureau Kathmandu.
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Zerobank Design Factory, Developer of Minna Bank's Core System, to Offer F
Updated : 3 years, 3 months ago IST
Gurugram (Haryana) [India], November 28 (ANI/PRNewswire): Zerobank Design Factory Co., Ltd. (ZDF), a subsidiary of Fukuoka Financial Group, has announced that it will begin offering a full-cloud banking system. The system is based on the core system that ZDF and Accenture developed for Minna
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RBI is the protector of Indian economy: CM Bommai
Updated : 3 years, 3 months ago IST
Speaking after inaugurating the Constitution Day, organised by RBI SC/ST Employees Association here on Monday, he said RBI has a rich history and it has been controlling the country's banking system from the pre-Independence period, as well as the nation's economy.
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Currency in circulation declines in Diwali week for first time in 20 years
Updated : 3 years, 4 months ago IST
The report said, "In a remarkable development, for the first time in 20 years, currency in circulation declined during the Diwali week. The innovations in technology have changed the Indian payment system. Over the years, the Indian cash lead economy now has changed to smart-phone lead payme
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Paul Merchants Finance gets a New Core Banking System from Sesame Software
Updated : 3 years, 5 months ago IST
Chandigarh [India], September 29 (ANI/PRNewswire): Sesame (A Speridian Co) was chosen as the transformation partner by Paul Merchants Finance and has successfully implemented its Beacon Loan Management System and digital lending solution at Paul Merchants finance Ltd.
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Value of fake currency seized declined 80 pc since 2016-17, MoS Finance in
Updated : 3 years, 7 months ago IST
New Delhi [India], August 8 (ANI): The value of counterfeit notes detected in the banking system has reduced from Rs 43.47 crores in 2016-17 to Rs 8.26 crores in 2021-22 -- a decline of around 80 per cent, Union Minister of State for Finance Pankaj Chaudhary informed Lok Sabha on Monday.
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