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Urgent need to address $4 trillion financing gap to accelerate progress on SDGs, notes FM

Observing that the global South is affected by global uncertainties, she said one in four developin…

PTI   


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4 mins read

Centralised portal to search unclaimed deposits, UPI for credit lines and other key RBI announcements

UPI network to facilitate payments financed by credit from banks, reducing the cost of such offerin…

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One thing we now know for sure is in the budget proposals⁠— a new infra lending institution

This kind of a lending body was one of the demands from the industry for a while now especial…

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4 mins read

Demand for five digital skills like Gen-AI and data analytics to pick steam exponentially

Digital skills like generative AI and data analytics are in high demand and this will only rise sig…

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RBI allows banks to issue RuPay prepaid forex cards

By promoting electronic payments, RuPay aligns with the Reserve Bank of India's goal of fostering a…

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These types of green projects to receive special 'Green Bonds' as per SBI's new ESG framework

Certain "Green Projects" contribute exceptionally towards the 15 Sustainable Developmental Goals la…

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RTGS fund transfer system will be available 24x7 in the next few days, says RBI

Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a wee…

PTI   


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A sperm donor fathered at least 15 children — without telling parents he's a carrier of a genetic disease causing low IQ and developmental delays

A sperm donor fathered at least 15 kids without fully disclosing he's a carrier of fragile X, which…

Anna Medaris   


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1 min read

RBI directs credit information companies to appoint internal ombudsman

The RBI, in its Statement of Developmental and Regulatory Policies, on August 5, 2022 had called…

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India to assume G20 Presidency for one year from December 2022; host over 200 meetings and MEA lists priorities

Ten Engagement Groups of private sector/civil society/independent bodies (Business 20, Civil 20, La…

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4 mins read

DBS Bank’s custom financing leads the way for companies trying to reach net-zero goals

“The pilot programme was an integral part of DBS Bank India’s larger plan to build it…

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Reserve Bank extends Rs 15,000-cr credit line to EXIM Bank

"It has been decided to extend a line of credit of Rs 15,000 crore to the EXIM Bank for a period o…

PTI   


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India sets up a new bank for big infrastructure projects as it aims to raise $41 billion in a few years

India’s Finance Minister Nirmala Sitharaman announced that the Indian government has approved the s…

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Goldman Sachs bought IndusInd shares after the stock price nearly doubled in 13 trading sessions

IndusInd Bank was the one worst-hit stocks in the banking sector as the impact of Coronavirus swept…

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8 mins read

This Social Enterprise Runs A Global Crowd-funding Platform; Eyes $3-5 Million In Series B Funding

Unlike many other ventures in this space, this social enterprise is a for-profit concern, but has n…

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4 mins read

Not prudent to go for forced waiver of interest, risking financial viability of banks: RBI to SC

"It is submitted that the regulatory dispensations permitted by the Reserve Bank of India vide the…

PTI   


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1 min read

Govt to infuse Rs 1,300 cr in Exim Bank next fiscal

Exim Bank is the principal export credit agency in India and the infusion will give an impetus to n…

PTI   


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2 mins read

RBI proposes to bring cooperative banks with assets over Rs 500 cr under CRILC

Mumbai, Dec 5 () The Reserve Bank of India on Thursday announced a slew of measures, including brin…

PTI   


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GST to have macro economic impact: RBI

"The successful implementation of GST will result in additional revenue through simpler and…