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Two US bank failures not to impact banks in India, APAC: Moody’s The successive failure of two private banks in the US — Signature Bank and Silicon Valley Bank — though would result in tightening of liquidity in the global debt markets, the impact will be limited for most of the rated finance institutions in India and ...

DA arrears: 7th Pay Commission: Govt clarifies on 18-month frozen DA arrears for central govt employees [ad_1] The government will not be paying central government employees the 18 months’ worth of Dearness Allowance (DA) arrears that were stopped during the Covid-19 pandemic. The DA arrears was stopped during the covid-19 pandemic to Central Government Employees and Pensioners for 18 months. ...

SVB crisis: How the ripples of the bank's plunge reached foreign shores Silicon Valley Bank crisis: How has the bank’s failure affected other banks and their stocks worldwide? Read more to find out

Rupee depreciates 12 paise to 82.35 against US dollar in early trade The rupee depreciated by 12 paise to 82.35 against the US dollar in early trade on Tuesday, amid stronger dollar and foreign fund outflow from the domestic equity market. At the interbank foreign exchange, the domestic unit opened lower at 82.27 against the ...

JPMorgan Chase & Co: Too-big-to-fail US lenders rake in deposits after three banks fail After the back-to-back collapse of three smaller banks, their biggest US counterparts are seeing a rush of depositors fearful the crisis will spread. JPMorgan Chase & Co., the largest US bank, alone received billions of dollars in recent days, and Bank ...

Where will startups turn to now that the Silicon Valley Bank is gone? Life was already tough for startups. Funding had dropped to the lowest in five years, venture capital investors were getting skittish, and wealthy angels started holding onto their cash instead of sharing it like candy. Then Silicon Valley’s own bank shut its doors, halting ...

Will review supervision of Silicon Valley Bank after collapse: US Fed The Federal Reserve will review its supervision of Silicon Valley Bank after it collapsed in the second-largest US bank failure on record, the Fed announced Monday. Michael Barr, the Fed’s vice chair for supervision, will lead the effort, the Fed said in a brief ...

SVB: Indian banks stand out amid ‘global gloom and doom’, says Macquarie Indian banks’ large reliance on local deposits cushions them as global peers are facing potential contagion from the woes emanating from Silicon Valley Bank, according to Macquarie Group Ltd. Amid all the “gloom and doom” in global banks, Indian lenders are distinguished with ...

SVB crisis: What is contagion risk, and is it expected to spread to India? The collapse of the Silicon Valley Bank (SVB) has spread fears not only in the tech industry but also in the banking sector. Just a couple of days after US regulators shut the bank down on Friday, Signature Bank also shut its doors. ...

E-rupee worth over Rs 130 crore in circulation: FM Nirmala Sitharaman E-rupee worth over Rs 130 crore in circulation: Sitharaman New Delhi, Mar 13 (PTI) Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on Monday. The Reserve Bank of ...