The Latest Breaking News on Financial Services

MUMBAI: The Reserve Bank on Friday decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which was put in place to absorb surplus liquidity following the withdrawal of Rs 2,000 currency notes, in a phased manner beginning Saturday. On August 10, the RBI mandated banks to maintain an incremental cash…

The banking industry is facing another crisis as top credit rating agencies have downgraded several banks and warned of potential downgrades for America’s largest lenders. Amid this uncertainty, let’s find out if buying, selling, or holding JPMorgan Chase (JPM) would be wise.

Haythornthwaite will take over from Davies in April of next year

Rick Haythornthwaite, who leads boardrooms of Ocado and the AA, will succeed Howard Davies

The in-app feature will tell customers whether the bank is calling them or if they are being targeted by fraudsters with an attempted scam.

UN human rights chief Volker Turk calls on Dhaka to create a ‘safe’ environment for activists and civil society leaders.

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India is in a sweet spot to grow robustly despite global turmoil and monsoon risks. RBI Deputy Governor M. Rajeshwar Rao inaugurated the first annual seminar on ‘Banking regulation, intermediary soundness and systemic stability’ at IIM-Kozhikode. He said credit risk management tools, especially for risk transfer or migration, are essential.…

Two persons arrested in Gujarat's Surat for forging documents like Aadhaar, PAN cards, and voter IDs. They accessed govt. database, forged two lakh identity proof documents and sold them for ₹15-200 each. Police arrested six persons, two of whom were masterminds behind the crime.