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Bill to provide up to four nominees to a bank account introduced in Lok Sabha
Another proposed change relates to redefining 'substantial interest' for directorships, which could…
PTI
HDFC gets RBI nod to acquire 9.5% stake in IndusInd Bank
The Reserve Bank of India (RBI) has approved HDFC Bank's proposal to acquire an up to 9.5 per cent …
RBI proposes rationalising regulations on export, import transactions
The RBI on Tuesday proposed rationalising regulations that cover export and import transactions wit…
PTI
FDIC chairman Martin Gruenberg to resign following investigations into sexual harassment at the bank regulator
President Joe Biden is set to nominate a new FDIC chair after independent and congressional scrutin…
Shubhangi Goel
Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi
Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…
PTI
RBI imposes penalties on three housing finance companies for non-compliance with directions
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…
ANI
RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major ec…
PTI
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy
Sanders said a Trump-era bill was to blame for the SVB bank run. The 2018 law rolled back bank regu…
Cheryl Teh
Regulators didn't have to shutter Signature Bank, says Dodd-Frank Act coauthor Barney Frank, who helped oversee the lender: 'We could've continued'
"I think that if we'd been allowed to open tomorrow, that we could've continued," Frank told Bloomb…
Phil Rosen
These 13 Democratic senators joined with Republicans to roll back banking regulations in 2018. Progressives say that contributed to Silicon Valley Bank's collapse.
Sen. Bernie Sanders said the bank failure was the "direct result" of the "absurd" bill, which could…
Bryan Metzger
Joe Manchin says he looks at his 2018 vote on easing bank regulations 'differently now' after Silicon Valley Bank's collapse
In 2018, 13 Democrats joined Republicans in loosening bank regulations. The older regulations likel…
Juliana Kaplan,Ayelet Sheffey
Silicon Valley Bank acted like a hedge fund, and 'they deserve what they got,' bank analyst says
"That's not the way you're supposed to run a bank. They deserve what they got," Chris Whalen said o…