The collapse of a few regional banks in the US, which started with Silicon Valley Bank, and the takeover of the crisis-hit Credit Suisse Bank by the Union Bank of Switzerland (UBS) have sent ripples across the global banking industry and posed fears of a contagion effect across economies.
In addition to the two existing facilities, India reaffirmed its support for Bhutan's upcoming development objectives, which include the provision of standby lines of credit. Particular focus was given to the hydropower industry, which is the bedrock of relations between India and Bhutan.
According to the State Bank of Pakistan Act amended in 2022 on the dictation of the International Monetary Fund (IMF), government borrowing from the central bank is banned.
The central bank statistics reflect an increase in credit for Islamic banks to AED 396.9 billion at the end of January 2023, an annual increase of 3.5 percent compared to nearly AED 383.36 billion in January 2022, and an increase of nearly AED 13.3 billion in 12 months.
New Delhi [India], April 21 (ANI/Nova Realtime Solutions LLP): UAL Koncrete (A unit of UAL Industries Ltd.), a leading green building material manufacturing company with a global manufacturing technology (HESS-Netherland) of Flyash Blocks (AAC PROCESS), has received = 1.1 lakh carbon credits
Bharatiya Janata Party (BJP) leader Suvendu Adhikari on Thursday wrote to Union Minister of Jal Shakti Gajendra Singh Shekhawat seeking direction to the West Bengal governmnet to follow protocols while inaugurating Jal Jeevan Mission projects in the State and while carrying out publicity act
Telangana Bharatiya Janata Party (BJP) vice-president NVSS Prabhakar on Tuesday said that Chief Minister K Chandrasekhar Rao-led government cannot take credit for the villages in Telangana receiving more national gram panchayat awards.
In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent in terms of transactions volume (UPI was 84pc in total), according to Worldline in its India Digital Payments Annual Re
Pune (Maharashtra) [India], April 17 (ANI/NewsVoir): Fixed deposits (FDs) have been a preferred investment choice for senior citizens for years since they are safe and offer profitable returns. Among the many options available, Bajaj Finance stands out as a preferred choice for a senior citi
In a statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the IMF "looks forward to obtaining the necessary financing assurances as soon as possible to pave the way for the successful completion of the 9th Extended Fund Facility (EFF) review".
Surat (Gujarat) [India], April 15 (ANI/PNN): EVIFY, a tech-braced EV logistics startup, has recently joined hands with a microfinancing Fintech platform Fatakpay to provide credit facilities to its riders.
New Delhi [India], April 15 (ANI/PNN): Exim Credit Bank, a UAE-based financial institution, is leading the charge in revolutionizing trade finance for small and medium-sized enterprises (SMEs), importers, and exporters across the world. Joseph R Waryoba, the Senior Portfolio Manager at Exim