Monday, March 27, 2023


US Fed, undaunted by recent banking problems, raises interest rate

WASHINGTON: The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking system that has taken a hit in the last few weeks triggering fears of a larger problem.

Mexican economy healthy despite US banking crisis: President

MEXICO CITY: Mexico's economy is "solid" and able to withstand external shocks such as the crisis roiling several banks in the US, said President Andres Manuel Lopez Obrador.

Stock markets across Asia fall as global banking fears widen

HONG KONG: Stock markets across Asia fell on Thursday as troubles at international banking giant Credit Suisse intensified fears of a wider bank crisis.

Moody's warns of more pain ahead for US banking system

NEW YORK: Ratings giant Moody's has warned of more pain ahead for the US banking system after a run on deposits led to the collapse of Silicon Valley Bank, BBC reported.

Global banking shares slump as fallout spreads

LONDON: Global financial markets have come under severe pressure after the collapse of Silicon Valley Bank, despite governments on both sides of the Atlantic taking extraordinary measures to maintain confidence in the banking system, The Guardian reported.

All You Need to Know About ICICI Bank Net Banking

ICICI Bank Internet Banking is simple, convenient and 100% secure. It allows its customers to carry out a wide range of banking transactions and access numerous features in just a few minutes. There is no more requirement of standing in long queues and unwanted delays. With the help of ICICI Bank Net Banking facility, customers can instantly unlock a better lifestyle anytime and anywhere. 

One client will not affect Indian banking system: RBI Governor on Adani row

CHENNAI: An individual client -- Adani Group -- will not bring down the Indian banking system as the country's banking sector is resilient and strong, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Axis Bank doubles down on Cloud-driven digital banking solutions

NEW DELHI: India's financial system's resilience has been a key factor in supporting its superior macro outlook at a time when storm clouds gather over the global economy.

Credit growth in Cambodia's banking, financial institutions reaches over $55bn

PHNOM PENH: Cambodia's banking and financial institutions continued to see growth during the July-October period this year, with the country's total credit reaching over $55 billion, a report by the central bank said.

HC seeks Centre's response on PIL for Uniform Banking code, regulation of foreign money transfer

NEW DELHI: The Delhi High Court on Tuesday sought the Centre's response on a plea seeking a Uniform Banking Code for Foreign Exchange Transaction in order to control black money generation and Benami transactions.

Banking indices outperform broader markets, rise 10-20% in Jan

NEW DELHI:In a month when the equity indices were in rough waters, banking stocks managed to outperform the broader markets in January 2022.

Cong banking on Priyanka's 'woman' card in tough UP turf

NEW DELHI:The Congress is banking on the big-ticket promises being made by Priyanka Gandhi Vadra in the run-up to next year's Assembly elections in Uttar Pradesh, with the party General Secretary focusing on the women voters in the state.

JAM trinity catapulted banking to a different level: Nirmala Sitharaman

AURANGABAD(Maharashtra):Union Finance Minister Nirmala Sitharaman on Thursday said that the 'JAM' (Jan Dhan-Aadhaar-Mobile) trinity has been a game changer for India, enabling them to take forward financial inclusion in a futuristic format.

Market tad lower amid choppy trade, banking stocks fall

MUMBAI:The key Indian equity indices traded on a subdued note on Thursday morning amid a largely choppy trade.Selling pressure was witnessed in banking stocks. Fall in the index-heavyweights HDFC Bank and Infosys weighed on the indices.

Banking, oil & gas stocks pull indices lower

MUMBAI:Selling pressure in banking, oil and gas and metal stocks pulled the key Indian equity indices lower in early hours of market opening on Tuesday.Around 12.25 Sensex was trading at 52,575 lower by 160 points, down from its previous close of 52,735.59.

Banking, oil & gas stocks pull indices lower

MUMBAI:Selling pressure in banking, oil and gas and metal stocks pulled the key Indian equity indices lower in early hours of market opening on Tuesday.Around 12.25 Sensex was trading at 52,575 lower by 160 points, down from its previous close of 52,735.59.

Equity indices in green, banking stocks rise

MUMBAI:The key Indian equity indices traded on a positive note on Monday morning led by healthy buying in banking stocks.Around 10.50 a.m., Sensex was trading at 50,681.29, higher by 140.81 points or 0.28 per cent from its previous close of 50,540.48.

Value buying lifts equities; banking stocks rise

NEW DELHI: Value buying along with healthy buying in the banking stocks lifted the key domestic indices during Friday's late-afternoon trade session.

Sensex down 400 points, banking stocks fall

MUMBAI: The key Indian equity indices declined on Friday morning with the BSE Sensex losing over 400 points.Heavy selling pressure was witnessed in banking and finance stocks. However, buying in metal and oil and gas stocks restricted the losses.

Sensex down 500 points; banking, finance stocks fall

MUMBAI: The key Indian equity indices declined on Wednesday morning, with the BSE Sensex losing over 500 points.
Heavy selling pressure was witnessed in banking and finance stocks.

Congress banking on young faces in Kerala polls

NEW DELHI/ALAPPUZHA : The Congress is ushering in a generational change in Kerala by fielding more new and young faces in the Assembly elections in the southern state scheduled to be held on April 6.

Sensex surges over 500 points; banking, metal stocks rise

MUMBAI: The key Indian equity indices opened on a positive note on Tuesday.

Sensex up over 400 points; metal, banking stocks rise

MUMBAI: The key Indian equity indices continued to rise on Wednesday morning with the BSE Sensex rising over 400 points.
Sensex surged around 479 points to touch an intraday high of 50,776.48 points.

Profit booking dents equity indices, banking stocks fall

NEW DELHI: Heavy selling pressure in banking, auto and pharma sectors pulled India's benchmark equity indices lower for the fourth consecutive session on Friday.Besides, subdued global cues as well as absence of any major positive trigger dented the indices.

Profit booking subdues equities, banking stocks drag

MUMBAI: Profit booking dragged India's benchmark equity indices mildly lower for the second consecutive session on Wednesday.However, positive global cues and healthy FII inflows arrested any major downfall.

Global cues, foreign funds lift equities; banking stocks rise

MUMBAI: India's benchmark equity indices ended higher for the sixth consecutive session on Monday, as robust global cues and fresh influx of foreign funds buoyed investor sentiments.

New record highs: Markets continue to rise; banking stocks shine

MUMBAI: Improving economic scenario along with healthy buying in banking sector stocks pushed India's key equity indices higher on Tuesday.
Accordingly, the improving economic scenario as well as a small intra-day correction pulled in fresh foreign funds.

58K women banking correspondents to begin training in UP

LUCKNOW:Uttar Pradesh chief minister Adityanath has asked the rural development and panchayati raj departments to go ahead with the training of 58,000 women banking correspondent (BC) Sakhis before they begin their job.

Capital needed for banking licence may be doubled if RBI accepts recommendations

NEW DELHI:To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for getting a banking licence.

Equity indices in green; banking, FMCG stocks surge

MUMBAI:The Indian stock market recovered from the initial decline on Tuesday morning to trade in the green with the BSE Sensex trading over 150 points higher.

Sensex above 40,900; banking, finance stocks rise

MUMBAI: The key Indian equity indices gained on Wednesday morning with the BSE Sensex trading above 40,900 mark.

Raj CM asks PM to amend provisions of banking regulation act

JAIPUR: Rajasthan Chief Minister Ashok Gehlot wrote a letter to Prime Minister Narendra Modi mentioning that the amendments made in the provisions of the Banking Regulation (BR) Act will adversely affect the basic spirit of the Cooperative Banks and the Cooperative movement in the states. He requested the PM to reconsider the said amendments and restore the earlier system.

New banking bill gives RBI powers to restructure co-op banks

NEW DELHI:The new Banking Regulation (Amendment) Bill, 2020, introduced by the government on the first day of the Parliament's Monsoon Session, provides the Reserve Bank of India (RBI) powers to restructure cooperative banks.

Banking sector woes impacting growth: CEA

NEW DELHI:India's banking sector woes have impacted investments and growth, Chief Economic Adviser (CEA) Krishnamurthy V Subramanian said on Wednesday.
Speaking at the Ficci's 17th Annual Capital Market Conference 'CAPAM2020', he said the sector faced two problems of "scale and quality".

Nifty trades above 11,000; banking, finance stocks surge

MUMBAI:The key Indian equity indices surged on Monday morning with the Nifty50 on the National Stock Exchange (NSE) rising above the 11,000-mark.
Healthy buying activity was witnessed in the banking and finance stocks. Both the S&P BSE Banking and Finance indices surged over 2 per cent.

India's banking sector expected to face capital shortfalls: Fitch

MUMBAI/SINGAPORE:Ratings agency Fitch Ratings on Wednesday said that India's banking sector is expected to face capital shortfalls due to coronavirus pandemic-related disruption.

'JGU partners upGrad to launch MBA in digital finance & banking

NEW DELHI:The Jindal Global Business School and Jindal School of Banking & Finance of O.P. Jindal Global University (JGU) in Sonipat, Haryana has announced the launch of an MBA degree in Digital Finance and Banking (DFB) delivered in a blended learning mode in partnership with ed-tech company upGrad.

WhatsApp on way to become India's digital banking channel

NEW DELHI: WhatsApp Pay is on the cards for its over 400 millions users in India but before it becomes a mainstream mode of payment and mobile-based ecommerce, banks in India are already leveraging the app in helping digitally-inactive customers adopt WhatsApp as their first digital banking channel in the social distancing times.

Sensex up 995 points as banking, finance stocks soar

MUMBAI:The Indian equity markets surged on Wednesday after a choppy initial trade with the BSE Sensex closing 995 points higher at 31,605.22 on the back of healthy buying in banking and finance stocks.
The Nifty50 rose 285.90 points or 3.17 per cent to close at 9,314.95.

Peformance' of Amarinder govt has'Earned'top banking for Punjab in corruption : Majithia

PATIALA:Govt failed to do a single good for farmers
The Shiromani Akali Dal General Secretary and Former Minister Mr. Bikram Singh Majithia said today that ‘performance’ of Amarinder Singh led Congress government has earned  top ranking for Punjab in corruption and people are forced to pay bribes to get their work done.

Amity Excellence Award for best academic author in the area of banking to Prof RK Uppal

MALOUT: Dr. Rajinder Kumar Uppal, a prolific writer, an outstanding academician and the more ingenious guide has been selected for Amity Excellence Award for Best Academic Author in the area of Banking to Professor Uppal.

Global cues equity indices lower; banking stocks down