Banks general
RBI sets norms for local incorporation of foreign banks
07 Nov 2013
RBI has opened the route for foreign banks to expand through acquisition of private domestic lenders, subject to investment limits and a review of the functioning of foreign banks
World’s first bitcoin ATM opens in Vancouver
01 Nov 2013
The ATM swaps Canadian dollars for bitcoins, the virtual currency of the internet that was created in 2008
RBI hikes repo rate by 25 bps to 7.75 %, cuts overnight lending rate by 25 bps
29 Oct 2013
RBI said it has addressed the system’s excess liquidity requirement for meeting festival demand by doubling the amount of cash provided to banks under the 7-day and 14-day repo to 0.5 per cent of bank-wise NDTL
JP Morgan Chase in $5-bn settlement with US regulator
26 Oct 2013
In the biggest settlement ever by a US bank, JP Morgan will pay $4 billion in compensation and $1.1 billion in penalties.
Bank of America unit found liable for defective loans sale to Fannie Mae and Freddie Mac
25 Oct 2013
JPMorgan in tentative $13-bn settlement with US regulators
21 Oct 2013
Though the fine would settle all civil claims, JPMorgan could still face possible federal criminal charges
HSBC to end brokering, depository services in India
18 Oct 2013
The move is part of the bank’s global strategy to review and exit some businesses to cut costs
Switzerland lifts secrecy wall, to share bank account info with other countries
16 Oct 2013
Switzerland has revised its tax laws to allow bank account details to be shared with other countries, including India
Top global bankers warn of financial catastrophe if US defaults
14 Oct 2013
Some of the heads of leading banking giants have warned that a US debt default triggered by a prolonged shutdown would plunge the world into another recession
RBI allows banks to borrow from global lenders
11 Oct 2013
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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