The impact on inflation of monetary tightening will be lower if policy is tightened together in many economies
Retirees have been in financial distress, thanks to the low rates of interest on bank deposits; hence the demand for a return to defined benefit pensions
Regulators around the world have already taken or are contemplating a variety of steps and policy measures to contain and manage the risks arising from big techs’ linkages with the banking and financial services sector
The collapse of FTX, once one of the world’s largest cryptocurrency exchanges, has left an estimated 1 million creditors facing losses totaling billions of dollars.
The RBI must tap into the foreign currency holdings of commercial banks in exchange for INR and replenish its non-issuing operations
The "bank" gave out loans at rates higher than what was fixed by the RBI, the police said.
The platform allows users to transfer rent directly to their landlord's bank account and generate digital receipts instantly.
Currently, HDFC Bank's m-cap stands at $99.10 billion while Credit Suisse's m-cap is $11 billion. A year ago, Credit Suisse had a market cap of $26 billion.
As an equivalent to a savings account in India, the account holder can activate internet banking and mobile banking once it has been activated.