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2 mins read

Risk-based premium for deposit insurance merits consideration: RBI Deputy Governor Swaminathan

Speaking at a conference in Jaipur, Swaminathan also said that as the financial sector becomes more…

PTI   


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5 mins read

Five gifts you can give to yourself, friends, or family, towards achieving financial independence

Ahead of India's 78th Independence Day, find out how a professional achieved financial independence…

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2 mins read

Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma

Digital payments and services app Paytm is working and will continue to work as usual even after Fe…

PTI   


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2 mins read

SVB collapse: Minister Chandrasekhar to meet Indian startups to see how govt can help them

As the collapse of Silicon Valley Bank (SVB) in the US left the Indian startup ecosystem worried, U…

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1 min read

RBI cancels licence of Pune-based The Seva Vikas Co-op Bank

"The bank does not have adequate capital and earning prospects," the RBI said. It also stated that …

PTI   


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3 mins read

Budget 2024 expectations: From removal of security transaction tax to sovereign green bonds

The FY 2025 budget is around the corner and it is expected that Finance Minister Nirmala Sitharaman…

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2 mins read

There's no evidence higher FDIC insurance would spark a big jump for stocks even as markets cheer government support for bank deposits, says Barclays

Would the market rally if the FDIC raised its $250,000 insurance limit for bank accounts? "Historic…

Carla Mozée   


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1 min read

Hike in deposit insurance won't hit bank balance sheets: RBI

"The revision in deposit insurance will not impact banks' balance sheets much," Kanungo told re…

PTI   


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2 mins read

What if Kotak Mahindra Bank acquires IDBI Bank, asks Nomura

Life Insurance Corporation of India along with the government are looking to divest 60.72% in IDBI …

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4 mins read

SVB solution ensures taxpayer dollars are not put at risk: President Biden

The US President, Joe Biden, assures the American people and businesses that a resolution of the co…

PTI   


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3 mins read

Are you a Yes Bank account holder? Here's how the crisis will impact you

Amid the financial troubles of Yes Bank, the Reserve Bank of India (RBI) issued a moratorium that c…

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3 mins read

Indian banks better placed than their US peers due to attractive valuations and stickier deposits

Turmoil in the US and Europe’s banking sector has had an impact on banks in other markets as well, …

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3 mins read

Debt schemes of MFs lose edge over bank deposits as Budget proposes to scrap LTCG & indexation benefits

With the change in taxation, distributors and advisors are rushing to lock in large amounts of inve…

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1 min read

Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.

Streaming company Roku said in an SEC filing that it held nearly a half-billion dollars at failed b…

Lakshmi Varanasi   


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2 mins read

US stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting

Trading in the month of May kicked off with the second largest US bank failure on record as traders…

Carla Mozée   


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2 mins read

'Shark Tank' investor Kevin O'Leary says he's telling startup CEOs to limit bank deposits and brace for the next 'black swan idiot' blowup

Kevin O'Leary blasted SVB execs, adding that the collapse was simply due to "idiot" management that…

Jennifer Sor   


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4 mins read

Banks in India may have to fight harder for deposits

Fixed income investors in India are spoilt for choice and bank deposits are far down on the list of…

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3 mins read

Days after hiking deposit insurance, FM says working on contentious FRDI Bill

The bankruptcy code takes care of resolution for ailing non-financial firms, but doesn't cover dep…

PTI   


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2 mins read

Fixed deposits may not longer be taken as collateral for trading on the stock market

Sources aware of the development said that the move follows difficulties in legal enforceabili…

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6 mins read

Huileng Tan