RBI imposes Rs 44 lakh penalty on 4 co-operative banks for violation The Reserve Bank has imposed penalties totalling Rs 44 lakh on four cooperative banks, including a Rs 16 lakh penalty on Chennai-based The Tamil Nadu State Apex Co-operative Bank, for contravention of various norms. A penalty of Rs 13 lakh has been imposed on Bombay Mercantile ...

Credit Suisse’s net asset outflows topped $68 billion in first quarter Ailing Swiss bank Credit Suisse on Monday reported over 61 billion Swiss francs (over USD 68 billion) in net asset outflows in the first quarter, when Switzerland’s government arranged for its takeover by rival UBS, and said investors are continuing to withdraw assets this month. The Zurich-based ...

How much you need to pay to get higher EPS pension? New circular clarifies EPFO’s new guidelines: How can employees opt for higher pension under EPS? How to check pension status on EPFO portal: Here’s a step-by-step guide Explainer: Are you eligible to opt for a higher pension from EPS? Here’s how to check EPF passbook balance online or via ...

India’s 10-year bond yield ends at one-year low on policy pivot Bond yields track US peers on Federal Reserve interest rate hike Government bond yields little changed as traders await fresh triggers Monetary policy: Bond yields soften after RBI hits pause on rate hike Peak in bond yields that appeared close has now vanished from sight T-bill yields continue to surge, ...

Citi India plans to launch sustainability-linked deposits in coming days Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attrition In a U-turn, outstanding NRI deposits rise in October, shows RBI data Banks likely to post robust Q4 numbers; profit may hit record high in FY23 In a first, 13 Citi-Axis branches to co-locate till merger transition Citi launches ...

JM Financial Home Loans, Indostar Capital Finance to explore merger IndoStar Capital Chief Executive Deep Juggi quits after short stint What challenges could emerge from the Air India-Vistara merger? TMS Ep316: Pvt credit, Air India-Vistara merger, Markets, New rice variety HDFC Bank files petition for NCLT approval to the proposed merger Tatas, SIA pumped Rs 650 crore into Vistara ahead ...

IndusInd Bank promoters get in-principal approval to raise stake: CEO RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement Analysts cautious on IndusInd Bank despite all-round beat in Q3; here’s why MPC lowers projection for inflation, raises growth outlook a bit ...

LIC total premium rises 17% to Rs 2.32 trn from Rs 1.99 trn in FY23 Life Insurance Corporation (LIC) on Monday said its total premium rose 17 per cent to Rs 2.32 lakh crore during FY2022-23. The same stood at Rs 1.99 lakh crore in the year-ago period. In terms of premium collected, it continues to hold ...

Credit Suisse saw $69 billion of outflows before UBS takeover By Marion Halftermeyer Credit Suisse Group AG reported 61.2 billion francs ($69 billion) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover of its biggest ...

Asian Development Bank operations reach $20.5 bn in 2022: Report The Asian Development Bank (ADB) committed $20.5 billion from its resources last year to help Asia and the Pacific continue its recovery from the Covid-19 pandemic despite fresh economic headwinds and crises, the Manila-based lender said in a report on Monday. The ADB’s Annual Report 2022 said the ...