According to Moody's Investors Service, the five banks to be downgraded on deposit rating include Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL).
Tighter funding condition for fintechs will curb their near-term expansion. "Regulators will not shield banks from new entrants, but will also prevent the latter from forming closed loop ecosystems," it added.
New Delhi [India], March 3 (ANI/NewsVoir): If you have received any message that contains a link asking users to download an application to avail Income Tax Refund or KYC benefits with the name of Income Tax Department or reputed Banks, Beware!
Five accused have been arrested for forging the Govt IDs of 95 celebrities and eminent citizens to dupe banks of over Rs 90 lakh, said Delhi Police on Friday.
"The accused allegedly duped banks of over Rs 50 lakh by fraudulently using details of celebrities like MS Dhoni, Abhishek Bachchan, Sonam Kapoor, Sachin Tendulkar, Saif Ali Khan, Hritik Roshan, Alia Bhatt, Shilpa Shetty & others," DCP Shahdara Rohit Meena said.
Bangalore (Karnataka) [India], March 2 (ANI/NewsVoir): New Street Technologies was declared the winner in the Innovation in Blockchain category at the 13th Aegis Graham Bell Awards held in Delhi recently. New Street's flagship product MiFiX is a blockchain middleware for the BFSI industry; t
Till Friday, the stocks declined over concerns that global growth will continue to slow in 2023 due to monetary policy tightening by various central banks to control inflation.
New Delhi [India], February 28 (ANI/PNN): Recur Club, a revolutionary trading platform disrupting entrepreneurial funding through quick, non-dilutive financing, has unveiled the first edition of Startup Pulse - an annual report that will provide founders and business owners across India i
Allahabad High Court on Monday received a Public Interest Litigation (PIL) against 'Tent City', set up on the banks of Ganga in Uttar Pradesh's Varanasi.
Benchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.