Expressing concern over the rising sums of money lying in such...
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Bandhan Life expands its strategic partnership with Bandhan Bank into Northern India
Bandhan Life has announced the expansion of its strategic...
RBI approves Central Bank buying stakes of Generali group’s Indian companies
The Reserve Bank of India (RBI) has approved state owned Central...
RBI to set up portal to search across multiple banks for unclaimed deposits
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to RBI by public sector banks (PSBs) in respect of deposits which were not operated for 10 years or more Mumbai: The Reserve Bank on Thursday announced to set up a centralised portal to...
Data theft of 66.9 crore persons: Cyberabad police serve notices to 11 organisations
The accused person was found in possession of the data of students of edu-tech organisations as well as the GST details of persons and companies, and the consumer/customer data of major organisations such as road transport corporations of various states, major...
Swiss Re chairman Sergio P Ermotti to head UBS
Sergio P. Ermotti , chairman,Swiss Re The Swiss Re Board has nominated Jacques de Vaucleroy as new Vice Chairman and Lead Independent Director subject to his re-election as Board member by shareholders, effective post AGM Zurich: Swiss Re chairman Sergio P. Ermotti...
Credit Suisse bondholders consider legal advice on extinguished AT1 Bonds
Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
FM reviews PSBs’ performance amid stress in US fin systems; asks bankers to be vigilant about rate risks
Nirmala Sitharaman,Union Finance Minister The finance minister underlined that PSBs must look at business models closely to identify stress points, including concentration risks and adverse exposures, the statement said, adding that she also exhorted PSBs to use this...
ECB to publish first detailed carbon footprint
Carbon footprints measure the amount of carbon dioxide released into the atmosphere as a result of everyday activities ECB runs climate stress tests on the euro zone's commercial banks and has been increasing the penalties - or haircuts, in banking jargon - charged on...
US studies ways to insure all bank deposits if crisis grows
Treasury Department staff are reviewing whether federal regulators have enough emergency authority to temporarily insure deposits greater than the current $250,000 cap on most accounts without formal consent from a deeply divided Congress, according to people with...
Indian bank deposits better protected than in US: SBI report
Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US's top 10 banks deposits are insured in the range of 38.4-66 per cent, according to a research titled, Ecowrap, of the State Bank...
UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...
Digital banking may be booming but cyber frauds get smarter, reveals RTI
Additionally, based on offsite returns data provided by supervised entities, there were a staggering 2,99,765 cyber frauds involving Debit Cards/Credit Cards, with an amount of Rs 322.92 crore lost (2020-2021); the instances came down to 2,21,705 but a higher amount...