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More SVB-like crises to come, says Aswath Damodaran on US banking sector SVB Crisis: What led to the collapse of start-ups’ favourite bank? SVB crisis: How the ripples of the bank’s plunge reached foreign shores SVB crisis: What is contagion risk, and is it expected to spread to India? BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the ...

RBI sounds note of caution on OPS, says it may add to liabilities in future Even as several non-BJP ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have started implementing the old pension scheme, the Reserve Bank of India (RBI) has cautioned that it would add to the financial burden of the states. In its report ...

nps: ‘NPS has generated competitive returns’ [ad_1] (This story originally appeared in on May 06, 2023) Deepak Mohanty, an old RBI hand, has taken over as the chairman of the Pension Fund Regulatory and Development Authority (PFRDA). He outlines his plan as the new pension regulator, including fresh options for subscribers to earn higher returns, while maintaining that an individual ...

Here’s how banks are coping with surge in cyber attacks, phishing, online banking fraud With a surge in online frauds, large banks are working extra hard to raise awareness among customers as well as their own employees, the Financial Express (FE) reported. These lenders are aggressively working towards eliminating the threats of online fraud. In the past one year, ...

Forex reserves at a 10-month high of $589 billion, shows RBI data 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 India’s forex reserves up $1.65 bn to $586.4 bn, shows RBI data RBI’s forex reserves rise for fifth straight week ...

Punjab & Sind Bank will improve underwriting standards: MD & CEO Saha Swarup Kumar Saha, managing director and chief executive officer of Punjab & Sind Bank, in an interview with Nikesh Singh says that the bank will improve its underwriting standards on the non-corporate side of the advances and will focus on garnering low-cost Current Account and Saving Account (CASA) ...

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Manappuram Finance faces reputational risk amid probe, says S&P Standard & Poor’s on Friday said Manappuram Finance (MFL) faces reputational risk over a money laundering investigation. The Directorate of Enforcement (ED) is probing Manappuram Agro Farms (MAGRO), a former sole proprietorship concern of V P Nandakumar (CEO and managing director of Manappuram Finance).  Pending further information, it ...

FinMin allows 22 finance cos to undertake Aadhaar-based client verification The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a notification, said these 22 companies, which are already reporting entities under the PMLA, will be able to verify the identity of clients and ...

India considering allowing foreign investment in nuclear power industry By Sarita Chaganti Singh India is considering overturning a ban on foreign investment in its nuclear power industry and allowing greater participation by domestic private firms, two government sources told Reuters, as part of a push for cleaner energy.   The measures have been recommended by a government panel, ...