Banks general
US adds Vatican to potential money laundering centres list
10 Mar 2012
In its annual International Narcotics Control Strategy report, the US State Department has listed the Vatican in the second category as a "jurisdiction of concern"
RBI cuts banks’ CRR by 75 bps to 4.75 per cent
09 Mar 2012
The reduction will inject around Rs48,000 crore into the banking system
Libor rates under ‘fixing’ investigation in UK
06 Mar 2012
With a manipulation of the Libor, which is used to help establish the price for a range of financial products, banks could claim they were in better financial health than was the case
CRR cut likely, but SLR level to stay: RBI
06 Mar 2012
ICICI Bank, BoB, Citi and LIC set up $2 billion infra debt fund
05 Mar 2012
IDF would raise debt capital from domestic and foreign sources and invest in infrastructure projects under the public-private partnership model that have completed one year of operation
IDBI Bank to raise up to Rs5,294 crore
03 Mar 2012
Swiss banks told to avoid accepting untaxed funds
24 Feb 2012
In a surprise move to crack down on Swiss banks being used as tax havens, authorities there have told the banks to tighten measures to prevent the acceptance of untaxed assets
HSBC to exit retail banking in Japan
23 Feb 2012
HSBC today said that it will withdraw out of retail banking in Japan and close its remaining services for individual customers, as it tries to control costs and refocus its sprawling business
Zoellick to step down as World Bank president in June
17 Feb 2012
Zoellick said he would stay 100 per cent focused through 30 June, continuing to drive policy and programmes at a heightened tempo.
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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