Indian bank norms better than US: SBI
Mumbai: According to State Bank of India (SBI), a crisis similar to Silicon Valley Bank (SVB) could not have happened…
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US stocks: S&P 500 ends up slightly; SVB deal lifts bank shares
IN NEW YORK: As a result of a contract to acquire Silicon Valley Bank’s assets, bank shares rose on Monday,…
First Citizens acquires Silicon Valley Bank
The failure of Silicon Valley Bank would have caused a $20 billion damage to a government-run insurance fund, but US…
EPFO likely to decide rate of interest on employees’ provident fund deposits for FY23 by Tuesday
In NEW DELHI: At its two-day meeting starting on Monday, the retirement fund authority EPFO is set to announce the…
Silicon Valley Bank deal soothes broader markets, but default stress haunts banks
Large portions of Silicon Valley Bank’s deposits and loans found buyers on Monday, which helped stabilise the shaky markets that…
Fed’s Kashkari: Banking stress brings US closer to recession
WASHINGTON: Neel Kashkari, president of the Minneapolis Fed, said in remarks to the CBS broadcast Face the Nation on Sunday…
TCS on international card use to hit convertibility goal
MUMBAI: Banks worry that the implementation of tax collected at source (TCS) on such transactions may result in a decline…
G20 not alarmed by banking crises: Chief economic advisor V Anantha Nageswaran
CHENNAI: According to chief economist V Anantha Nageswaran, co-chair of the second G20 Framework Working Group (FWG) meeting, G20 countries…
Hindenburg shorts Jack Dorsey’s payments firm Block
According to a statement made by Hindenburg Research on Thursday, the Jack Dorsey-led payments company misrepresented its user counts while…
For Equitas Small Finance Bank, focus shifts to core performance
Equitas Holdings Ltd and Equitas Small Finance Bank Ltd have completed their merger. In accordance with the plan, the bank…