Search For "banks"
Decline in Indian stocks continue on US banking sector crisis contagion
Updated : 3 years ago IST
Stock indices in India continue to decline, pulled down by a sharp dip in almost all sectoral indices, particularly the PSU bank following the collapse of two US banks in a matter of two-to-three days.
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PNB signs MoU with Warehousing Development & Regulatory Authority to p
Updated : 3 years ago IST
The main objective of WDRA is to implement Negotiable Warehouse Receipt (NWR) system in the country that would help farmers to store their produce in scientific storage godowns near their farms and to seek loans from banks against their NWR.
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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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LDRA makes MISRA C:2023 compliance accessible to every safety - and securi
Updated : 3 years ago IST
Bengaluru (Karnataka) [India], March 14 (ANI/PRNewswire): Building on more than 20 years of MISRA C support, LDRA today announced the addition of the latest MISRA C:2023 guidelines to the static code analysis and reporting capabilities of its LDRA tool suite. Guided by MISRA C Working Group
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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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Shares of US regional banks plummet by 75 pc
Updated : 3 years ago IST
Shares of bigger banks were less affected, but not immune. Citigroup and Wells Fargo fell over 4 per cent, Bank of America fell over 3 per cent, and JPMorgan Chase dipped by around 1 per cent. The KBW bank index, which tracks the performance of 24 major banks, fell 10 per cent, adding to
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Indian stock indices fall sharply over selloff in banking and financials
Updated : 3 years ago IST
Stock indices in India declined sharply to start the fresh week, pulled down by a sharp dip in banking and financial stocks following the collapse of two US banks in a matter of two-to-three days.
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Intellect launches eMACH.ai for banks to use cloud services with embedded
Updated : 3 years ago IST
The platform will provide cloud services with embedded artificial intelligence, powered by Amazon Web Services (AWS), to financial institutions.
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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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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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Policy tightening has ways to go as global inflation above targets: Singap
Updated : 3 years ago IST
Ravi Menon, Managing Director of the Monetary Authority of Singapore said most central banks have shifted to a more moderate pace of monetary policy tightening in line with inflation coming off its peak, however, he believes the tightening cycle has some ways to go as the inflation numbers a
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Adani prepays Rs 7,374 crore of share-backed financing
Updated : 3 years ago IST
Along with the repayments done earlier in the month of February, the conglomerate said Adani has prepaid USD 2,016 million of share-backed financing, which is consistent with promoters' commitment to prepay all share-backed financing before March 31, 2023, according to a statement from Adani
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