The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and...
According to latest Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves surged to new life-time high of US $430.572 billion in week to August 9,...
As per a report put out by Morgan Stanley, which is one of the world’s leading global financial firms, the world economy appears to be heading towards a...
The Bengaluru-headquartered small scale bank Jana Small Finance Bank Limited has received the status of a Scheduled Bank. What are Scheduled Banks of India? The Scheduled Banks are...
The Reserve Bank of India (RBI) reduced the interest rate by 35 basis point (0.35%). This is the fourth successive reduction in the repo rate. What is the...
The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on...
Indian Posts has made a decision to convert India Post Payments Bank into Small Finance Bank. This will enable the Bank to offer small loans to customers. Payment...
In the budget, the government has proposed to raise a part of its gross borrowing in external markets in external currencies by issuing sovereign bonds. Under the programme,...
In what could be a major deterrent for governments looking to promote digital transactions and attempting to store data online, a data breach in a financial firm has...
