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Stablecoin Sector May Reach $2 Trillion: Standard Chartered
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years. it has predicted that US legislation on stablecoins would further legitimise the stablecoin industry.
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Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
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Banking Sector Must Continue To Innovate, Lead Amid Changing Landscape: N Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the banking sector must continue to innovate and lead amid the changing global landscape
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Sensex Opens Lower But Holds Above 74,000-Mark Day After Rally
The Indian benchmark indices opened marginally low on Friday amid weak global cues, as selling was seen in the IT, PSU Bank and pharma sectors in the early trade.
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Sensex Climbs Over 300 Points In Early Trade, Nifty Up Nearly 100 Points
The Indian benchmark indices opened higher on Wednesday amid mixed global cues, as buying was seen in auto, IT and PSU Bank sectors in early trade.
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India Needs 7.8% Growth To Become High-Income Country By 2047: World Bank
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday.
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Sensex Dips Over 200 Points, Nifty Declines 82 Points In Early Trade
The Indian benchmark indices opened lower on Tuesday as selling was seen in the PSU bank, metal and realty sectors in the early trade.
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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months. Â
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Sensex Gains 282 Points In Early Trade, Nifty Goes Up By 86
Indian benchmark indices opened higher on Friday, extending gains to day three this week, as Nifty Bank, auto, FMCG and IT sectors led the morning trade.
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Indian Share Market Rings Into New Year With Flat Trajectory
The domestic benchmark indices opened flat on Wednesday as selling was seen in auto, PSU bank, financial service, pharma and metal sectors on Nifty.
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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SBI Invites Applications for Over 14,000 Clerk Positions, Check Details Here
SBI Recruitment 2024: Vacancies include 1,894 for Lucknow/New Delhi, 1,317 for Bhopal, 1,254 for Kolkata, 1,111 for Bihar, and 50 for Leh Ladakh.
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Stablecoin Sector May Reach $2 Trillion: Standard Chartered
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years. it has predicted that US legislation on stablecoins would further legitimise the stablecoin industry.
-
Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
-
US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
-
RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
-
Banking Sector Must Continue To Innovate, Lead Amid Changing Landscape: N Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the banking sector must continue to innovate and lead amid the changing global landscape
-
Sensex Opens Lower But Holds Above 74,000-Mark Day After Rally
The Indian benchmark indices opened marginally low on Friday amid weak global cues, as selling was seen in the IT, PSU Bank and pharma sectors in the early trade.
-
Sensex Climbs Over 300 Points In Early Trade, Nifty Up Nearly 100 Points
The Indian benchmark indices opened higher on Wednesday amid mixed global cues, as buying was seen in auto, IT and PSU Bank sectors in early trade.
-
India Needs 7.8% Growth To Become High-Income Country By 2047: World Bank
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday.
-
Sensex Dips Over 200 Points, Nifty Declines 82 Points In Early Trade
The Indian benchmark indices opened lower on Tuesday as selling was seen in the PSU bank, metal and realty sectors in the early trade.
-
Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months. Â
-
Sensex Gains 282 Points In Early Trade, Nifty Goes Up By 86
Indian benchmark indices opened higher on Friday, extending gains to day three this week, as Nifty Bank, auto, FMCG and IT sectors led the morning trade.
-
Indian Share Market Rings Into New Year With Flat Trajectory
The domestic benchmark indices opened flat on Wednesday as selling was seen in auto, PSU bank, financial service, pharma and metal sectors on Nifty.
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
SBI Invites Applications for Over 14,000 Clerk Positions, Check Details Here
SBI Recruitment 2024: Vacancies include 1,894 for Lucknow/New Delhi, 1,317 for Bhopal, 1,254 for Kolkata, 1,111 for Bihar, and 50 for Leh Ladakh.
