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Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary

by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) On the disinvestment of PSU banks, Pandey stated that the Department of Financial Services could provide more details, but he mentioned that it is not being pursued currently...

Women face bias at work: Aon Study

by AIP Online Bureau | Jul 31, 2024 | Data, Eco/Invest/Demography

According to the study, working mothers had their own challenges, with 75 per cent responding that they faced a career setback of one-to-two years after maternity leave and close to 40 per cent said going on maternity leave had a negative impact on their pay and their...
Fed leaves rates unchanged, nods to possible September cut

Fed leaves rates unchanged, nods to possible September cut

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy

Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...

Spain fines Booking.com $448 million for abusing dominant position

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Booking Holdings intends to appeal the fines as it strongly disagrees with the “outcome of CNMC’s investigation”, a company spokesperson said in an email, adding it considers the issue should be debated under the European Union’s Digital...

Ransomware attack forces hundreds of small Indian banks offline, sources say

by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said MUMBAI: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut...
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