Search For "banking"
After US bank failures, agencies directed to analyse deposit insurance mec
Updated : 2 years, 11 months ago IST
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maxi
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'Ethraa Career Fair' kicks off in Dubai
Updated : 2 years, 11 months ago IST
Organised by the EIF with the participation of the Emirati Talent Competitiveness Council, (NAFIS), the strategic partner of the institute, the event runs until 18th May and is dedicated to employing young Emiratis looking for work in the financial and banking sector.
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Another US bank closed, JP Morgan to acquire assets of First Republic Bank
Updated : 2 years, 11 months ago IST
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to purchase and assume all deposits and assets of the troubled bank in a bid to protect depositors.
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Global economy staring at possibility of slowdown as fears re-emerge over
Updated : 2 years, 11 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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Rajneesh Karnatak joins Bank of India as MD & CEO
Updated : 2 years, 11 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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L&T Finance Holdings' net profit up 46 pc March quarter, up 52 pc in 2
Updated : 2 years, 11 months ago IST
During the January-March 2023 quarter, it reported a consolidated profit after tax (PAT) of Rs 501 crore, up 46 per cent on a yearly basis. The PAT was at Rs 1,623 crore for the entire financial year, up 52 per cent year-on-year.
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Regulatory standards for failed Silicon Valley Bank "were too low", finds
Updated : 2 years, 11 months ago IST
Regulatory standards for the recently failed Silicon Valley Bank in the US "were too low" and the supervision did not work with sufficient force and urgency, a review of the supervision and regulation of the bank led by US Federal Reserve Vice Chair for Supervision Michael S Barr found.
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UAE Banks Federation approves 2023 strategy for banking sector development
Updated : 2 years, 11 months ago IST
The UAE Banks Federation (UBF) recently held its annual general meeting, chaired by Abdulaziz Al Ghurair, the Chairman of the Federation
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Banking infrastructure needs to be strengthened further including opening
Updated : 2 years, 11 months ago IST
The conclave was organised by the ministry of development for the North Eastern Region, North Eastern Development Finance Corporation (NEDFi) and State Bank of India with Confederation of Indian Industry the Industry, was held on Friday in New Delhi.
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Bajaj Finserv net profit grows 31 pc to Rs 1,769 cr in fourth quarter
Updated : 2 years, 11 months ago IST
Bajaj Finserv has posted a 31 per cent jump in its net profit to Rs 1,769 crore for the quarter ended March 31, 2023, against Rs 1,364 crore in the year-ago period.
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SBI Research highlights how PMMY revolutionised socio-cultural fabric of n
Updated : 2 years, 11 months ago IST
According to SBI Research, MUDRA has created an indelible print on India's rising micro, small and medium enterprises' (MSME) prowess through relentless promoting by a wide array of MLIs which are scheduled commercial banks (SCBs), non-banking finance companies (NBFCs), regional rural banks
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RBI governor says looking at business models of banks more closely
Updated : 2 years, 11 months ago IST
A resilient bank needs to be financially, operationally and organisationally resilient and should have adequate capital buffers to be able to generate earnings even in times of severe macroeconomic shocks, said Reserve Bank of India governor Shaktikanta Das, adding that it has started loo
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