IndusInd Bank on March 10 said it has identified discrepancies in its derivative portfolio following an internal review of its “Other Asset” and “Other Liability” accounts. The issue arose after the implementation…
RBI Announces USD 10 Billion Buy/Sell Swap Auction to Inject Liquidity
Mumbai, March 5, 2025 – The Reserve Bank of India (RBI) has announced a USD/INR Buy/Sell swap auction worth USD 10 billion as part of its long-term liquidity management strategy. The auction,…
Are brands using Women’s day as an opportunity or a ‘Hop-portunity’?
By Misbah Quadri So it’s “THAT time of the year!” By THAT, I mean – International Women’s Day, the day when brands go all guns blazing on their OTT campaigns to highlight…
RBI Sanctions Voluntary Amalgamation of Two Cooperative Banks
The Reserve Bank of India (RBI) has approved the voluntary amalgamation of Jawahar Sahakari Bank Ltd., Hupri with Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd. The merger, approved under Section 44A(4) and…
RBI imposes penalties on three financial institutions for regulatory breaches
On March 03, 2025, the Reserve Bank of India (RBI) imposed monetary penalties on three financial entities following statutory inspections and notices for non-compliance with regulatory guidelines. Vanchinad Finance Pvt. Ltd., Ernakulam,…
RBI Governor meets with Non-Bank Payment System operators and fintechs in Mumbai
The Governor of the Reserve Bank of India (RBI) today held an interactive session with select non-bank Payment System Operators and FinTech companies, along with representatives from their associations and Self-Regulatory Organizations…
RBI Unveils Liquidity Injection Measures to Stabilize Banking System
The Reserve Bank of India (RBI) on 5 March announced a series of measures to address evolving liquidity conditions in the banking system, aiming to ensure financial stability and support economic activity….
Trump’s America First: A High-Stakes Gamble That Shook the Global Order
Donald Trump’s second tenure as President of the United States is a seismic event for global politics and business alike. His unyielding “America First” doctrine, characterized by unilateral trade actions, withdrawal from…
Rs 2,000 notes: A high-stakes gamble that cost more than it gained?
Experts have long speculated that the sole rationale for launching the Rs 2,000 note was to accelerate remonetisation following a hurried note ban. Instead of streamlining the monetary system, these notes ended up sowing confusion, stoking fears of rampant counterfeit currency, and inadvertently bolstering the black money economy.
Shakti Kapoor Makes a Blockbuster Exit from Juhu Real Estate
Mumbai, December 2024 – In a move that reads like a script straight out of Bollywood, veteran actor Shakti Kapoor has sold his upscale apartment in the prestigious Silver Beach Heaven Co-operative…