BANKING SYSTEM
Indian banking system resilient amid US banking crisis: Shaktikanta Das at Global Conference on Financial Resilience "Indian banking system is resilient amid US banking crisis," RBI Governor Shaktikanta Das said while speaking at the Global Conference on Financial Resilience. "The central bank has begun to look at the banks' business models more closely," he furth...
27 Apr, 2023, 12.09 PM ISTIndian banks 'healthy, strong and resilient': FM Sitharaman takes Sircar, Jairam Ramesh head-on FM Nirmala Sitharaman reiterates that Indian banks continue to stand healthy, strong, and resilient. Her statement comes amid global turmoil and a sorry state of affairs of banking systems worldwide. The finance minister was replying to a question o...
05 Dec, 2023, 05.25 PM ISTHow to safeguard your savings from bank failures Here is a guide to spot warning signs that indicate potential problems with your bank, helping you protect your savings. With inputs from Sanket Dhanorkar, ET BureauHow to safeguard your savings from bank failures
18 Apr, 2023, 04.43 PM IST
Silicon Valley Bank collapse: Yellen declares the US 'banking system is sound' Testifying before the Senate Finance Committee Thursday, U.S. Treasury Secretary Janet Yellen declared the US "banking system is sound" and Americans "can feel confident” about their deposits.Silicon Valley Bank collapse: Yellen declares the US 'ban...
16 Mar, 2023, 11.12 PM ISTPresident Joe Biden speaks on US banking system after SVB, Signature Bank collapse President Joe Biden on Monday told US residents the nation's financial systems are sound, following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.President Joe Biden speaks on US banking system after SVB, Sig...
13 Mar, 2023, 08.46 PM ISTUS Bank case 'stabilizing,' system is 'sound', says Janet Yellen U.S. Treasury Secretary Janet Yellen is trying to project calm after regional bank failures, saying the U.S. banking system is “sound” but additional rescue arrangements “could be warranted” if any new failures at smaller institutions pose a risk to...
21 Mar, 2023, 10.54 PM ISTUS banking system is 'sound and resilient' with strong capital, liquidity: Jerome Powell Federal Reserve Chairman Jerome Powell addressed the ongoing banking crisis Wednesday, insisting the U.S. banking system "is sound and resilient with strong capital and liquidity.” Speaking in Washington, DC moments after the Fed announced it would ...
23 Mar, 2023, 07.35 AM ISTWill see capex recovery across sectors in coming years: KV Kamath Even though credit growth is on the rebound, former chief of New Development Bank KV Kamath says it is not the only measure of the Indian banking system's health. He adds that we will see a capex recovery across sectors. Listen inWill see capex reco...
12 Apr, 2022, 04.37 PM ISTCredit Suisse Crisis: A lot of swashbuckling, scandals & bad strategies later... Once a strong name in the global financial system, now barely hanging there. Credit Suisse Group is all set to be bought by UBS after the former lost its 167-year-old history due to scandals, bad strategy and mistrust. So what exactly happened to Cr...
20 Mar, 2023, 08.30 PM ISTFM Nirmala Sitharaman's first response to Adani stock fall: Indian banking system at comfortable levels FM Nirmala Sitharaman responded to Adani stock fall, said "LIC still sitting on profit despite stock fall; Indian banking system at comfortable level; LIC, SBI exposure within permissible limit; Regulators stringent about governance."FM Nirmala Sith...
03 Feb, 2023, 04.36 PM ISTBharat Bill Pay: Now NRI's can pay bills for their India folks Now your NRI son or daughter can pay your electricity, water bills and other utility bills directly in India. The Reserve Bank of India (RBI) has enabled this process via the Bharat bill payment system (BBPS). This system has been opened for process...
05 Aug, 2022, 12.57 PM ISTRBI releases framework for pan-India umbrella entity for retail payments systems The Reserve Bank on Tuesday unveiled the framework for setting up umbrella entities for operating pan-India retail payments systems and invited applications from eligible companies by February 26, 2021. As per the framework, the companies with a net...
18 Aug, 2020, 07.33 PM ISTCoronavirus impacts: No crisis within the banking system, says SBI Chairman Rajnish Kumar The coronavirus-triggered lockdown has saved the country from "a lot of agony", notwithstanding the subdued economic activity during the period, State Bank of India Chairman Rajnish Kumar said, while talking ET NOW's Nikunj Dalmia. Kumar said as lon...
02 May, 2020, 11.39 PM ISTUS, Europe to remove some Russian banks from SWIFT: Impact on Russia and its trade with India The White House has announced that the US, joined by European nations and Canada, will remove some Russian banks from SWIFT, the payment system used for most international financial transactions. What is going to be the impact on Russia as well as t...
27 Feb, 2022, 03.02 PM ISTRussia-Ukraine crisis: The cause, impact and lessons for India Russian forces pressed deep into Ukraine as deadly battles reached the outskirts of Kyiv. Vladimir Putin’s ingression into Ukraine marks the beginning of a 'new world order'. What lessons should India draw now? Times News Network's Defence Expert Ma...
25 Feb, 2022, 09.10 PM ISTSanctions did nothing, Russia continues to attack and alone we fight: Ukraine President Zelenskyy Invading Russian forces pressed deep into Ukraine as deadly battles reached the outskirts of Kyiv, with explosions heard in the capital city of Ukraine. Amid Putin’s full scale Russian invasion, Ukrainian President Volodymyr Zelenskyy issued a clari...
25 Feb, 2022, 04.44 PM ISTPutin is the aggressor, Putin chose this war, now Russia will bear the consequences: Joe Biden While imposing sanctions on four more Russian banks, US President Joe Biden stated that Russian President Vladimir Putin has chosen this war, and now he and his country will bear the consequences. Watch!Putin is the aggressor, Putin chose this war, ...
25 Feb, 2022, 02.05 PM ISTUkraine-Russia Conflict: This Indian-American is Joe Biden’s sanctions man against Putin Given its long-standing ties with Russia, India may be coy about openly censuring Moscow for its invasion of Ukraine. However, it turns out that an Indian-American is on the forefront of lining up sanctions against Russia. Daleep Singh, deputy Natio...
24 Feb, 2022, 03.53 PM ISTRBI bars Mastercard from onboarding new customers over 'Payment data storage' non-compliance The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia for not adhering to its norms on storage of payment system data. As per directions, Mastercard cannot add new customers on its network from July 22. RBI imposes res...
14 Jul, 2021, 06.16 PM ISTRBI monetary policy: Key measures announced for Covid-battered hospitality sector In a bid to support revival of sectors hit most by the COVID-19 pandemic, RBI on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary ...
04 Jun, 2021, 03.10 PM IST