Bank Shuts Operations

The overall crypto sector valuation sunk by 6.73 percent in the last 24 hours. Bitcoin, along with Ether, Solana, and Polkadot joined majority popular altcoins in settling with losses. The reason behind this severe slump in the market is crypto titan Silvergate Bank’s decision to liquidate and shut operations as well as the upcoming interest rate...

Germany's biggest lender Deutsche Bank said Friday it was following other international companies in shutting down its operations in Russia in protest of Moscow's invasion of Ukraine.

Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and "retrograde banking reforms". As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body...

The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was so badly throttled that the exchange couldn't post market announcements, as required by financial regulators. So with an hour left for trading, management shut the entire operation down.

US-based Franklin Templeton on Friday issued an apology to capital market regulator Securities and Exchange Board of India (Sebi) for any misunderstanding over the closure of six of its schemes in the country, and said it is committed to returning the investors' money. "We deeply regret any unintended slight this may have caused to the esteemed off...

US satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.

The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have proposed an all-India strike on October 22 to protest against the announced consolidation of 10 state-run lenders into four.

Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector lender announced by the government and demand for a wage revision. In a joint statement dated September 23, the four trade unions said the decision to de...

A nationalised bank in Rajkot district 'shut' its operations for half-day today, apparently at the behest of a state minister who accused the officials of not processing the crop insurance payment of farmers.

Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Banks in some states are observing a four-day holiday through Tuesday. Banks will take steps to keep ATMs replenished, a banker said. But internet banking and mobile banking will remain operational, he added.

Royal Bank of Scotland (RBS) will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said.

A number of bitcoin operators in India have begun suspending their businesses following a warning from the Reserve Bank of India (RBI) against use of such virtual currencies due to potential money laundering and cyber security risks.

Britain's fourth-largest bank is expected to cut about 30-40 jobs as a result of the closure of the three branches, one of the sources told a news agency. The sources declined to be named as they are not authorised to speak to the media.

The overall crypto sector valuation sunk by 6.73 percent in the last 24 hours. Bitcoin, along with Ether, Solana, and Polkadot joined majority popular altcoins in settling with losses. The reason behind this severe slump in the market is crypto titan Silvergate Bank’s decision to liquidate and shut operations as well as the upcoming interest rate...

Germany's biggest lender Deutsche Bank said Friday it was following other international companies in shutting down its operations in Russia in protest of Moscow's invasion of Ukraine.

Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and "retrograde banking reforms". As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body...

The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was so badly throttled that the exchange couldn't post market announcements, as required by financial regulators. So with an hour left for trading, management shut the entire operation down.

US-based Franklin Templeton on Friday issued an apology to capital market regulator Securities and Exchange Board of India (Sebi) for any misunderstanding over the closure of six of its schemes in the country, and said it is committed to returning the investors' money. "We deeply regret any unintended slight this may have caused to the esteemed off...

US satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.

The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have proposed an all-India strike on October 22 to protest against the announced consolidation of 10 state-run lenders into four.

Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector lender announced by the government and demand for a wage revision. In a joint statement dated September 23, the four trade unions said the decision to de...

A nationalised bank in Rajkot district 'shut' its operations for half-day today, apparently at the behest of a state minister who accused the officials of not processing the crop insurance payment of farmers.

Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Banks in some states are observing a four-day holiday through Tuesday. Banks will take steps to keep ATMs replenished, a banker said. But internet banking and mobile banking will remain operational, he added.

Royal Bank of Scotland (RBS) will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said.

A number of bitcoin operators in India have begun suspending their businesses following a warning from the Reserve Bank of India (RBI) against use of such virtual currencies due to potential money laundering and cyber security risks.

Britain's fourth-largest bank is expected to cut about 30-40 jobs as a result of the closure of the three branches, one of the sources told a news agency. The sources declined to be named as they are not authorised to speak to the media.