Day: March 13, 2023

Clipped from: https://www.financialexpress.com/investing-abroad/featured-stories/svb-depositors-can-access-funds-from-today-ten-things-to-know-about-silicon-valley-bank-resolution/3007707/ Here are the key highlights of the joint statement issued by the Department of the Treasury, Federal Reserve, and FDIC on the SVB

Clipped from: https://maharashtratimes.com/editorial/silicon-valley-bank-in-america/articleshow/98594482.cms अमेरिकेतील सिलिकॉन व्हॅली बॅंक बंद झाल्याने जागतिक बॅंक क्षेत्रात मोठी खळबळ उडाली आहे. आजचा अग्रलेख : बुडितांचे तिमिर जावो! अमेरिकी अर्थकारण आणि बँकिंग

Clipped from: https://www.business-standard.com/article/finance/indian-govt-bonds-surge-as-svb-collapse-casts-doubt-on-fed-rate-hike-123031300513_1.html Yield curve steepens in line with US bonds as Fed seen slowing down on hikes Indian government bonds, particularly those of shorter maturity,

Clipped from: https://www.business-standard.com/article/economy-policy/msme-competitive-scheme-part-of-efforts-to-strengthen-sector-pm-modi-123031300426_1.html Under the revamped scheme, the Centre’s contribution will be 90 per cent of the implementation cost for hand holding and consultancy fees as

Clipped from: https://www.business-standard.com/article/economy-policy/retail-inflation-above-6-in-february-may-trigger-another-rate-hike-123031301144_1.html Experts see 25 bps hike in April; say wheat output may dip due to heat wave; El Nino may emerge as key determinant

Clipped from: https://www.business-standard.com/article/economy-policy/we-need-to-decouple-from-global-interest-rate-actions-cii-s-sanjiv-bajaj-123031301073_1.html Inflation is coming under control. You’ve got all the right tailwinds for growth. And so we hope that RBI will take a pause

Clipped from: https://www.business-standard.com/article/companies/ibc-provisions-cannot-be-turned-into-debt-recovery-proceeding-nclat-123031300927_1.html NCLAT said the provisions of the Insolvency & Bankruptcy Code cannot be turned into a debt recovery proceeding as the idea of this

Clipped from: https://www.thehindubusinessline.com/markets/commodities/crude-oil-prices-up-as-svb-failure-lowers-fears-of-rate-hikes-in-us/article66613387.ece Market hopes US Fed will change its hawkish tone on interest rates Crude oil went up on Monday morning as the banking crisis

Clipped from: https://www.thehindubusinessline.com/money-and-banking/svb-fallout-us-rushes-to-avert-crisis-with-svb-deposit-guarantee-bank-fund/article66613269.ece The Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. jointly announced the efforts, aimed at strengthening confidence in the banking system after

Clipped from: https://www.thehindubusinessline.com/money-and-banking/svb-collapse-to-test-feds-faith-in-a-strong-low-risk-financial-system/article66613077.ece In crises dating back to the 2007-to-2009 housing collapse, the Fed has shown a willingness to react quickly if problems spread, and can

Clipped from: https://www.thehindubusinessline.com/economy/two-wheeler-production-dips-for-third-month-in-a-row-in-february/article66610624.ece File picture: Companies have been reducing production owing to a sustained decline in exports | Photo Credit: VIBHU H Two-wheeler production in the country

Clipped from: https://www.thehindubusinessline.com/money-and-banking/hsbc-says-it-has-acquired-silicon-valley-bank-uk-for-one-pound/article66613835.ece As of March 10, Silicon Valley Bank UK Limited had loans of around £5.5 billion pounds and deposits of around £6.7 billion pounds,

Clipped from: https://www.thehindubusinessline.com/news/world/svb-collapse-aftermath-goldman-analysts-no-longer-expect-fed-rate-hike-in-march/article66613456.ece U.S. regulators said the failed Silicon Valley Bank’s customers will have access to all their deposits starting Monday and regulators set up a

Clipped from: https://www.thehindubusinessline.com/opinion/silicon-valley-bank-puts-the-us-fed-in-the-gorge/article66611024.ece Whether the SVB fiasco is just the start (like Bear Sterns) or the peak (like Lehman/AIG) of a crisis only time will tell

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/svbs-collapse-calls-for-a-fresh-look-at-regulations/article66611219.ece The SVB crisis highlights that in a scenario of rapidly rising rates, banks’ investment books need an equal degree of scrutiny and stress-testing

Clipped from: https://www.thehindubusinessline.com/blexplainer/what-led-to-svb-failure-and-its-impact-on-india/article66610352.ece Second order impact on India seems limited but it’s a wait and watch situation A man puts a sign on the door of

Clipped from: https://www.thehindubusinessline.com/blexplainer/what-does-axis-acquisition-mean-for-citibank-india-customers/article66594855.ece As Axis Bank initiates integration, businessline takes a look at its impact on Citibank’s retail customers Axis Bank has completed the acquisition of Citibank India’s

Clipped from: https://taxguru.in/finance/cbdts-selects-68000-cases-fy-2019-20-e-verification.html CBDT’s e-Verification Scheme harnesses information technology to facilitate voluntary compliance On a pilot basis information of financial transactions pertaining to 68,000 cases from