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
Month: March 2023
SVB collapse to test Fed’s faith in a strong, low-risk financial system – The Hindu BusinessLine
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
Two-wheeler production dips for third month in a row in February – The Hindu BusinessLine
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
HSBC says it has acquired Silicon Valley Bank UK for £1 – The Hindu BusinessLine
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,
SVB collapse aftermath: Goldman analysts no longer expect Fed rate hike in March – The Hindu BusinessLine
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
SVB collapse: A tale of ironies and what lies ahead – The Hindu BusinessLine
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
Editorial. SVB’s collapse calls for a fresh look at regulations – The Hindu BusinessLine
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
What led to SVB failure and its impact on India – The Hindu BusinessLine
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
What does Axis’ acquisition mean for Citibank India customers? – The Hindu BusinessLine
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
🙏🙏🙏CBDT’s selects 68,000 cases from FY 2019-20 for e-Verification
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
👍👍👍👍👍👍👍SVB’s collapse calls for a fresh look at regulations – The Hindu BusinessLine
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
👍👍👍👍👍👍👍What led to SVB failure and its impact on India – The Hindu BusinessLine
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
–To cover mental illness, buy health insurance policy offering OPD coverage | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/to-cover-mental-illness-buy-health-insurance-policy-offering-opd-coverage-123031001206_1.html Industry regulator nudging companies to underwrite policies that include people with mental illnesses The Insurance Regulatory and Development Authority of India (IRDAI) has taken a
👍👍👍👍👍👍👍Perhaps it is time for India to introduce tort law and punitive damages | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/strengthening-public-liability-insurance-123031200930_1.html Those who cause bodily harm, property damage, or financial loss to others on their premises or due to their operations should be liable
👍👍👍👍👍👍👍Settlement Commission looks to raise awareness through FAQs | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/settlement-commission-looks-to-raise-awareness-through-faqs-123031200958_1.html Where the taxpayers are doubtful on whether they will be penalized, it makes sense to opt for settlement and get a quick closure.
🙏🙏🙏🙏🙏Start-up Y Combinator estimates 100,000 jobs at risk due to SVB collapse | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/y-combinator-estimates-100-000-jobs-at-risk-due-to-sv-bank-collapse-123031200709_1.html The petition seeks attention of the government to provide relief for the immediate impact the SVB collapse has on small businesses, startups and
🙏🙏🙏🙏🙏🙏🙏Inflation expected to come down over the year: RBI MPC member Ashima Goyal | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/inflation-expected-to-come-down-over-the-year-rbi-mpc-member-ashima-goyal-123031200261_1.html Goyal said that India has successfully dealt with ‘pluri-shocks’ over the past three years, showing considerable resilience Inflation is expected to come down over
🙏🙏🙏🙏🙏🙏🙏Searchable database for unclaimed shares needed | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/searchable-database-for-unclaimed-shares-needed-123031200877_1.html A publicly available transparent database would increase the chances of genuine claimants finding out and making their claims, thus reducing the chances of
🙏🙏🙏🙏🙏🙏🙏A good night’s sleep for both banks and Reserve Bank | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-good-night-s-sleep-both-for-banks-and-reserve-bank-123031200509_1.html Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the “distance to default” as a
👍👍👍👍👍👍👍Account aggregator framework set to change dynamics in retail finance scene | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/account-aggregator-framework-set-to-change-dynamics-in-retail-finance-scene-123031200685_1.html The AA framework is creating a huge marketplace – based on customers’ consent for sharing data – for all manner of financial vendors
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