Finance News

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 ...

Will Vladimir Putin attend India G20 summit? Russia clears diary The Kremlin is opening up Vladimir Putin’s schedule around this year’s G20 summit in India in September to make it possible for the Russian president to participate in the leaders’ gathering after skipping the last two, according to people familiar with the planning. Kremlin defiance ...

RBI may hike lending rates by 25 bps in April policy: DBS Research The Reserve Bank is likely to hike benchmark lending rates by 25 basis points in its bi-monthly policy next month to bring down inflation within the central bank’s comfort zone, DBS Group Research said on Monday. To contain the rising prices, the ...

SVB fallout: Bond yield logs sharpest single-day fall in five months Indian government bonds, particularly those of shorter maturity, strengthened sharply on Monday, as the collapse of the California-based Silicon Valley Bank (SVB) prompted investors to rush to the safety of American debt, leading to a decline in US bond yields. A decline in US ...

SVB crisis: CII bats for domestic financial ecosystem to support startups With several domestic startups facing the heat due to the collapse of Silicon Valley Bank, CII President Sanjiv Bajaj on Monday said that India could look to create its own enabling financial ecosystem to support budding entrepreneurs. Talking about the startup sector, the CII ...

SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO SBI Mutual Fund on Monday said it has mobilised around Rs 3,600 crore in its New Fund Offer (NFO) for a dividend yield fund offering, giving it a market share of over 25 per cent in the segment. The fund house collected the amount ...

Safe-haven gold accelerates to $1,900 level as traders assess SVB fallout By Ashitha Shivaprasad (Reuters) – Gold raced towards the key $1,900 level on Monday as investors sought cover from the uncertainty triggered by the collapse of Silicon Valley Bank, emboldened by bets that the Federal Reserve may now have to tone down its rate ...