The RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2 to T+1 rolling settlement for equities.
Amazon Studios has announced the greenlight for a new thriller series titled 'The Better Sister,' with Hollywood stars Elizabeth Banks and Jessica Biel set to lead the cast.
Accenture's analysis, which involved studying more than 150 large banks worldwide, including public and private sector banks in India, revealed that the adoption of generative AI could significantly enhance employee productivity by up to 30 per cent.
Global gold demand was up 3 per cent year-on-year at 1,238 tonne in the first quarter of 2024, marking the strongest first quarter since 2016, according to World Gold Council's Gold Demand Trends report.
Gross banks' assets in the country surpassed the AED4.2 trillion mark by the end February 2024, for the first time in its history, according to the latest statistics from the Central Bank of the United Arab Emirates (CBUAE).
According to the guidelines, these directions will not apply to electronic systems operated by scheduled commercial banks and standalone primary dealers for transactions in eligible instruments, where the bank or primary dealer operating the electronic system is the sole quote.
Bank of Sharjah acted as a joint lead manager and bookrunner in a USD300 million Additional Tier 1 (AT1) 5.5-year sukuk for Kuwait International Bank (KIB), alongside other international and regional banks.
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eligibility criteria. Firstly, they must maintain a satisfactory track record of performance for a minimum of five years.
The Reserve Bank of India (RBI) has set out certain provisions fulfilling which Small Finance Banks (SFBs) can voluntarily convert themselves into Universal Banks.
Lashing out at the INDIA bloc, Prime Minister Narendra Modi said that the people of Uttar Pradesh and the OBC community needs to be aware of the "dangerous game" played of 'snatching" their reservation rights to give it to their "vote banks".