Bank
- India
More than 97% of Rs 2,000 notes returned to banking system: RBI
Mumbai: The Reserve Bank of India (RBI) on Wednesday said that more than 97 per cent of the Rs 2,000 bank notes have been returned to the banking system and only about…
- Middle East
CBUAE lifts monitoring imposed on bank operating in UAE
Dubai: The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s…
- India
RBI proposes 6-month deadline for banks to identify wilful defaulters
Mumbai: The RBI in its draft master directions issued on Thursday has proposed that lenders should label defaulting borrowers as ‘wilful defaulters’ within six months of an account turning non-performing asset (NPA).…
- Kashmir
J-K Bank dismisses employee from service over allegation of being threat to state
Srinagar: Jammu and Kashmir Bank Saturday terminated an employee from service for allegedly being a threat to the security of the state, officials said. The services of Sajad Ahmad Bazaz were terminated…
- Business
South Indian Bank’s Stock Rises 6% as RBI Approves New CEO
New Delhi: The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval for the appointment of P.R. Seshadri as the Managing Director…
- India
Bombay Mercantile Bank invites applications for Junior Executive Assistant post
Bombay Mercantile Co-operative Bank has invited applications to fill up the posts of Junior Executive Assistant. According to the notification released by the bank, candidates need to be graduates in any discipline…
- India
Another Manipur bank branch targetted, equipment stolen
Imphal: After the Axis Bank branch in Manipur’s Churachandpur district, burglars targeted the Manipur State Cooperative Bank Ltd’s (MSCBL) Kangpokpi district branch but fled with some equipment only after finding no cash,…
- India
Manipur violence: Banks to provide relief measures on loans
Imphal: In view of over two-month long ethnic violence in Manipur, banks would provide relief measures by way of rescheduling the existing loans. Accordingly, banks have been instructed to extend the moratorium…
- Business
Another US regional bank First Horizon’s stock tumbles after merger collapses
New York: First Horizon and TD Bank have called off a $13 billion deal that would have formed Americas sixth-largest bank, adding to the turmoil sweeping the countrys regional lenders, a media…
- Hyderabad
Are banks in Hyderabad closed today? Know list of holidays in May
Hyderabad: As May 1 is celebrated as Maharashtra Day and International Labour Day, banks across Hyderabad and several other Indian cities will remain closed. In addition to this, the Reserve Bank of…
- India
Here’s list of bank holidays in April 2023
New Delhi: The Reserve Bank of India (RBI) has announced the bank holidays for April 2023. There are 16 holidays listed by the central bank, including five weekly offs, the second and…
- Middle East
SNB chair resigns after his Credit Suisse comments caused investor panic
London: The chair of the Saudi National Bank (SNB) has resigned for “personal reasons”, less than two weeks after his comments spurred investor panic over Credit Suisse that ended in an emergency…
- World
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank
Washington: US Treasury Secretary Janet Yellen on Sunday said that the federal government will not provide a bailout for Silicon Valley Bank’s investors after the bank was abruptly shuttered, but said financial…
- World
Silicon Valley Bank collapse leaves Indian startups worried
New Delhi: The collapse of Silicon Valley Bank (SVB) in the US has left several Indian startups worried who have exposure to its investments and their raised funds may now be stuck.…
- Pakistan
Moody’s downgrades long-deposit ratings of five Pakistani banks
Islamabad: Moody’s Investors Service has downgraded the long-term deposit ratings of five Pakistani banks to Caa3 from Caa1, The Express Tribune reported. The ratings of Moody’s Investors Service suggest that the ongoing…
