New Delhi: – Government banks, Urban Cooperative Banks and Multi-State Cooperative Banks have been brought under complete control of the Reserve Bank of India (RBI). The Union Cabinet of Ministers has approved an ordinance regarding this. Last year major scams had been reported from cooperative banks. In Maharashtra, funds of thousands of customers were stuck […]
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New Delhi: The Indian population has withdrawn a significant amount of money from the banks given the current threat of the Novel Coronavirus. The Reserve Bank of India (RBI) has informed that the citizens have withdrawn a whooping ₹53,000 crore from the banks as of 13th of March. The number of Coronavirus cases in the […]
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London/Tokyo: Claims that Digital currency or Cryptocurrency is the future, are being made consistently. The Central banks, who form a major portion of the global economy, have started taking these claims seriously. Over the last year, many central banks have given indications regarding digital currency. Taking the same issue forward, leading central banks of the […]
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New Delhi: The measures taken by the government for the public sector banks reeling under the pressures of non-productive loans, have been implemented successfully as Union Finance Minister Nirmala Sitharaman claimed that 13 banks had declared profits in the first six months of this year. The Finance Minister gave this information after the meeting with […]
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New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]
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London/Moscow: Many groups, including the ‘World Gold Council’ had reported an increase in the Gold purchase, by the central banks of the leading economies of the world, over the last few years. Analysts and economists have claimed that the trend in the Gold purchase will continue because of the increasing tensions at the international level, […]
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London: The demand for Gold is increasing, despite a record economic performance by the United States. As per a report published by the group World Gold Council, the demand for Gold in the first quarter of 2019, was more than a whopping 1,053 tonnes. The World Gold Council clarified that historic purchase by the central […]
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Mumbai: Over the last few years, inclination of citizens towards internet banking has increased and due to smartphones, there is an increase in cashless transactions. However, there has also been an increase in the number of cyber attacks and cyber fraud cases. Against this backdrop, there appears to be a rise in the demand for […]
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London: International banks operating in London have threatened that if they do not get an appropriate clarification about Britain and it’s relationship with the EU post Brexit, then they would be constrained to exit London within 6 months. A few days back, Britain’s Finance Minister Philip Hammond had an important meeting with the Japanese financial institutions. Thereafter, Mr Hammond had admitted […]
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