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New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
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Damage To Gaza Critical Infrastructure Around $18.5 Billion: World Bank
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
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India's Digital Public Infrastructure Push Gets World Bank's Praise
India is pushing for the inclusion of digital public infrastructure (DPI) as a major takeaway from the upcoming G20 summit in New Delhi.
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India's Urban Infra Needs Investments Worth $840 Billion Over Next 15 Years: World Bank
India will need to invest $840 billion over the next 15 years into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population, according to a new World Bank report.
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Mastercard Launches ‘Crypto Secure’ to Assist Banks in Preventing Cases of Fraud
Mastercard has launched a new tool called ‘Crypto Secure’ that is intended to help banks and financial institutions detect as well as prevent fraudulent activities associated with virtual digital assets. CipherTrace blockchain startup will be providing the infrastructure for rolling-out the tool.
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India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
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UK Finance Minister Plans New Infrastructure Bank In Budget: Report
UK Chancellor of the Exchequer Rishi Sunak is expected to set aside GBP 22 billion for a new infrastructure bank when he tables his Budget in Parliament next Wednesday, according to a UK media report on Saturday.
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Budget 2021: Budget Aiming To Revive Economy With Limited Fiscal Headroom
Budget 2021: The finance minister is also expected to announce plans to fix the recurring problems in the banking sector, including the creation of a new infrastructure development bank and a bad bank
-
Nirmala Sitharaman Attended First BRICS Finance Ministers, Central Bank Governors Meeting
The meeting discussed outcomes of the G20 Saudi Presidency in 2020, a digital platform to encourage infrastructure investments and expanding membership of New Development Bank.
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Sensex Rises Over 200 Points, Banks Gain After RBI Keeps Repo Rate Unchanged
Today's statement is the first after the presentation of Union Budget, in which the government outlined huge packages for farming and infrastructure, but only gave a small cut in personal taxes and provided no new incentives for the beleaguered financial and housing sectors.
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Budget Done, Over To RBI. What To Expect From Decade's First Policy: 10 Things To Know
The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The six-member Committee headed by RBI Governor Shaktikanta Das is widely expected to maintain the status quo on key lending rates, amid economic slowdown and co...
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Make RBI Accountable For PMC Bank Problems: Unions To Finance Minister
According to the unions, RBI and the government should take criminal action on the top management of the PMC Bank for not classifying the huge loan given to Housing Development Infrastructure Ltd. (HDIL).
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China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
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China's Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.
-
Indian-Origin Woman Takes Charge Of European Bank's Sustainability Team
The European Bank for Reconstruction and Development (EBRD) on Monday announced the appointment of Nandita Parshad, an Indian-origin senior executive, as the head of its consolidated new sustainable infrastructure group within the multilateral organisation.
-
New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
-
Damage To Gaza Critical Infrastructure Around $18.5 Billion: World Bank
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
-
India's Digital Public Infrastructure Push Gets World Bank's Praise
India is pushing for the inclusion of digital public infrastructure (DPI) as a major takeaway from the upcoming G20 summit in New Delhi.
-
India's Urban Infra Needs Investments Worth $840 Billion Over Next 15 Years: World Bank
India will need to invest $840 billion over the next 15 years into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population, according to a new World Bank report.
-
Mastercard Launches ‘Crypto Secure’ to Assist Banks in Preventing Cases of Fraud
Mastercard has launched a new tool called ‘Crypto Secure’ that is intended to help banks and financial institutions detect as well as prevent fraudulent activities associated with virtual digital assets. CipherTrace blockchain startup will be providing the infrastructure for rolling-out the tool.
-
India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
-
UK Finance Minister Plans New Infrastructure Bank In Budget: Report
UK Chancellor of the Exchequer Rishi Sunak is expected to set aside GBP 22 billion for a new infrastructure bank when he tables his Budget in Parliament next Wednesday, according to a UK media report on Saturday.
-
Budget 2021: Budget Aiming To Revive Economy With Limited Fiscal Headroom
Budget 2021: The finance minister is also expected to announce plans to fix the recurring problems in the banking sector, including the creation of a new infrastructure development bank and a bad bank
-
Nirmala Sitharaman Attended First BRICS Finance Ministers, Central Bank Governors Meeting
The meeting discussed outcomes of the G20 Saudi Presidency in 2020, a digital platform to encourage infrastructure investments and expanding membership of New Development Bank.
-
Sensex Rises Over 200 Points, Banks Gain After RBI Keeps Repo Rate Unchanged
Today's statement is the first after the presentation of Union Budget, in which the government outlined huge packages for farming and infrastructure, but only gave a small cut in personal taxes and provided no new incentives for the beleaguered financial and housing sectors.
-
Budget Done, Over To RBI. What To Expect From Decade's First Policy: 10 Things To Know
The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The six-member Committee headed by RBI Governor Shaktikanta Das is widely expected to maintain the status quo on key lending rates, amid economic slowdown and co...
-
Make RBI Accountable For PMC Bank Problems: Unions To Finance Minister
According to the unions, RBI and the government should take criminal action on the top management of the PMC Bank for not classifying the huge loan given to Housing Development Infrastructure Ltd. (HDIL).
-
China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
-
China's Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.
-
Indian-Origin Woman Takes Charge Of European Bank's Sustainability Team
The European Bank for Reconstruction and Development (EBRD) on Monday announced the appointment of Nandita Parshad, an Indian-origin senior executive, as the head of its consolidated new sustainable infrastructure group within the multilateral organisation.
