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3 mins read

India could lose a quarter of its economy by 2070 – here’s why

India faces significant risks from climate change, including sea-level rise, extreme heat, and seve…

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3 mins read

Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!

New initiatives like RuPay card payments and a currency swap agreement have been introduced, with b…

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2 mins read

Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats

Elite investor Ray Dalio said people should budget for the basics and flagged government debt, infi…

Theron Mohamed   


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4 mins read

After AAP, ED attaches land, bank deposits of CPI(M); says party holding proceeds of money laundering

Official sources said the party may be named as an accused in the next supplementary chargesheet to…

PTI   


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2 mins read

China faces a reckoning as disillusioned Gen Z and millennial workers refuse to save for retirement: report

The New York Times reported that some young people in China have stopped contributing to pensions o…

Mikhaila Friel   


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6 mins read

India could emerge as an economic superpower amid dull global economic landscape

IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…

ANI   


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2 mins read

RBI cancels license of Pune-based Rupee Cooperative Bank, says 99% depositors will receive full refund

Interestingly, in its order, RBI outlined that the continuance of Rupee Cooperative Bank wou…

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2 mins read

Kerala Coop bank fraud: High Court allows only emergency payments

The Kerala High Court on Tuesday directed the scam-tainted coop bank to stop all payments barring t…

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1 min read

China is merging hundreds of small banks to fend off financial stress

2,100 banks could be affected as China looks to curb the bad loan environment of its rural communit…

Filip De Mott   


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1 min read

The Chinese billionaire CEO whose disappearance rocked his bank's stock is 'cooperating' with a government probe, his firm says

Rock star dealmaker Bao Fan is "cooperating in an investigation", according to his firm China Renai…

Zinya Salfiti   


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1 min read

RBI bars People's Co-operative Bank from granting fresh loans and accepting deposits for six months

"As from the close of business on June 10, 2020, the bank shall not, without prior approval of …

PTI   


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3 mins read

Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance

RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…

PTI   


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6 mins read

Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market

Interest rate cuts seem likely to come in the first half of next year, but that might not be a huge…

Dan DeFrancesco   


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6 mins read

Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market

Interest rate cuts seem likely to come in the first half of next year, but that might not be a huge…

Dan DeFrancesco   


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1 min read

All cooperative banks to come under RBI supervision

The decision assumes significance in the wake of a scam in the Punjab and Maharashtra Cooperative (…

PTI   


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3 mins read

Indian migrants to send home a record $100 billion in 2022 says World Bank

In its latest Migration and Development Brief, World Bank said remittance flows to India will rise …

ANI   


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1 min read

RBI says bank scam victim compensation increased to Rs 5 lakh after Budget announcement

Soon after the Budget announcement, insurance cover on bank deposits has been increased from Rs 1 l…

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2 mins read

Scam-hit PMC bank depositors are inspired by Shaheen Bhag protests

Scam-hit PMC Bank's depositors from Delhi staged a protest outside the Reserve bank of India here o…

PTI   


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2 mins read

Existing startup founders will struggle even to get existing capital: Sopnendu Mohanty of Singapore Monetary Authority

Silicon Valley Bank's abrupt collapse - which unfolded in a matter of hours earlier last week - has…

PTI   


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2 mins read

President promulgates ordinance to bring co-operative banks under RBI supervision

"The Ordinance also amends Section 45 of the Banking Regulation Act, to enable making of a scheme …

PTI