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37m
Business Standard India
The crisis in public sector banksIf, political interference is reduced, the system could emerge stronger. Of cou
The crisis in public sector banks
Business Standard India / Posted 37 minutes ago
If, political interference is reduced, the system could emerge stronger. Of course, that's a lot of 'ifs'. The Reserve Bank of India (RBI)'s insistence that bad loans be recognised and provisioned for has meant declaring massive losses... Read more
51m
AllAfrica.com
Govt Has to Act On Cash Crisisshortages that have haunted Zimbabweans for over five months now, continue to i
Govt Has to Act On Cash Crisis
AllAfrica.com / Posted 51 minutes ago
shortages that have haunted Zimbabweans for over five months now, continue to intensify and recent interventions by the Reserve Bank of Zimbabwe (RBZ) have so far failed to turn the tide. Long, snaking queues have become a permanent feature at... Read more
3 related stories
1h
New Kerala
India's Q4, 2015-16 GDP data due on Tuesday - newkerala.com #69679that India remains the fastest-growing large economy, with GDP expected to incr
India's Q4, 2015-16 GDP data due on Tuesday - newkerala.com #69679
New Kerala / Posted an hour ago
that India remains the fastest-growing large economy, with GDP expected to increase by 7.5 percent in 2016 and 2017. The Reserve Bank has kept its growth projections for Indian economy unchanged at 7.4 percent for the last fiscal, a tad higher... Read more
3 related stories
2h
Daily Telegraph
Zimbabwe braces for economic collapse all over again as Mugabe vows to restore the national currencywas abandoned in favour of the US dollar in 2009, Mr Mugabe has been unable to
Zimbabwe braces for economic collapse all over again as Mugabe vows to restore the national currency
Daily Telegraph / Posted 2 hours ago
was abandoned in favour of the US dollar in 2009, Mr Mugabe has been unable to resort to his usual habit of ordering the Reserve Bank to print money to fund overseas trips, refurbish his official residences or pay soldiers and civil... Read more
3h
The Economic Times
National Payments Corporation of India to launch credit card by year-enddebit card market in terms of volumes, expects to launch its much-delayed credi
National Payments Corporation of India to launch credit card by year-end
The Economic Times / Posted 3 hours ago
debit card market in terms of volumes, expects to launch its much-delayed credit before the year-end, a top official of the Reserve Bank-promoted institute has said. "We have been ready with our credit card project for quite some time now, but... Read more
3h
Zero Hedge
Why TRUMP is good for USD and FXUS Government, which exists as it does - in cooperation with the largest and mo
Why TRUMP is good for USD and FX
Zero Hedge / Posted 3 hours ago
US Government, which exists as it does - in cooperation with the largest and most powerful bank in the world, the Federal Reserve Bank. It takes someone like a Paul Volcker, a Richard Nixon - to really create markets. Donald Trump is that... Read more
3h
Daily Telegraph
Credit card warning on cash grabrate in six years, prompting warnings that these expensive transactions risk cr
Credit card warning on cash grab
Daily Telegraph / Posted 3 hours ago
rate in six years, prompting warnings that these expensive transactions risk creating a debt snowball. An analysis of new Reserve Bank of Australian data by creditcardfinder.com.au has found that people used their plastic to withdraw cash 2.3... Read more
4h
The Courier Mail
Credit card warning on cash grabrate in six years, prompting warnings that these expensive transactions risk cr
Credit card warning on cash grab
The Courier Mail / Posted 4 hours ago
rate in six years, prompting warnings that these expensive transactions risk creating a debt snowball. An analysis of new Reserve Bank of Australian data by creditcardfinder.com.au has found that people used their plastic to withdraw cash 2.3... Read more
7h
iol.co.za
#PanamaPapers: SA tax dodgers walk a tightropemoment, have they met the FIC obligations – customer due diligence provisions,
#PanamaPapers: SA tax dodgers walk a tightrope
iol.co.za / Posted 7 hours ago
moment, have they met the FIC obligations – customer due diligence provisions, registration and reporting,” Michell said. Reserve Bank head of financial surveillance Elijah Mazibuko said it was comparing the Panama data to its cross-border system,... Read more
7h
asianage
PSU banks install nearly 14,000 ATMs in FY16, miss targetBhartiya Mahila Bank, Central Bank of India, Punjab National Bank and Union Ban
PSU banks install nearly 14,000 ATMs in FY16, miss target
asianage / Posted 7 hours ago
Bhartiya Mahila Bank, Central Bank of India, Punjab National Bank and Union Bank of India missed their targets last fiscal. Reserve Bank deputy governor SS Mundra had recently raised concerns over one-third of ATMs being non-functional and warned... Read more
2 related stories
9h
Naked Capitalism
How Bank Networks Amplify Financial Crises: Evidence from the Great Depressioncommercial banks to join the Federal Reserve System and require all commercial
How Bank Networks Amplify Financial Crises: Evidence from the Great Depression
Naked Capitalism / Posted 9 hours ago
commercial banks to join the Federal Reserve System and require all commercial banks to hold their reserves at a Federal Reserve Bank. Due to powerful political lobbies representing state and local bankers, however, Congress was unwilling to... Read more
9h
The Financial Express
RBI to lower rates by another 50 bps in FY17: Morgan StanleyRBI reduced its policy rate by 0.25 per cent to 6.5 per cent in April. (Reuters
RBI to lower rates by another 50 bps in FY17: Morgan Stanley
The Financial Express / Posted 9 hours ago
RBI reduced its policy rate by 0.25 per cent to 6.5 per cent in April. (Reuters) The Reserve Bank is expected to keep key rates unchanged in the next policy meeting on June 7, but might lower rates by another 50 bps during the current financial... Read more
2 related stories
9h
The Zimbabwe Standard
Long bond notes wait . . . As cash crisis deepens The Reserve Bank of Zimbabwe (RBZ) on Friday said it could not give a date wh
Long bond notes wait . . . As cash crisis deepens
The Zimbabwe Standard / Posted 9 hours ago
The Reserve Bank of Zimbabwe (RBZ) on Friday said it could not give a date when the promised bond notes would be introduced as the cash crisis gripping the country worsens, with established banks... Read more
3 related stories
10h
The Economic Times
PSU banks install nearly 14,000 ATMs in FY16, miss targetlargest bank SBI installed 4,222 ATMs against the target of 4,200. SBI had 49,7
PSU banks install nearly 14,000 ATMs in FY16, miss target
The Economic Times / Posted 10 hours ago
largest bank SBI installed 4,222 ATMs against the target of 4,200. SBI had 49,724 ATMs at the end of March. Reserve Bank deputy governor SS Mundra had recently raised concerns over one-third of ATMs being non-functional and warned... Read more
2 related stories
10h
Business Standard India
RBI to lower rates by another 50 bps in FY17: Morgan StanleyThe Reserve Bank is expected to keep key rates unchanged in the next policy mee
RBI to lower rates by another 50 bps in FY17: Morgan Stanley
Business Standard India / Posted 10 hours ago
The Reserve Bank is expected to keep key rates unchanged in the next policy meeting on June 7, but might lower rates by another 50 bps during the current financial year, says a report by Morgan Stanley. According to the report, retail inflation is... Read more
2 related stories
10h
Business Standard India
PSBs install nearly 14,000 ATMs in FY16, miss targetBank, Oriental Bank of Commerce, and Vijaya Banks were among the state-lenders
PSBs install nearly 14,000 ATMs in FY16, miss target
Business Standard India / Posted 10 hours ago
Bank, Oriental Bank of Commerce, and Vijaya Banks were among the state-lenders which exceeded their respective targets. Reserve Bank deputy governor SS Mundra had recently raised concerns over one-third of ATMs being non-functional and warned... Read more
2 related stories
10h
The Zimbabwe Standard
Bond notes in October: RBZ Reserve Bank of Zimbabwe governor John Mangudya last night said the much-anti
Bond notes in October: RBZ
The Zimbabwe Standard / Posted 10 hours ago
Reserve Bank of Zimbabwe governor John Mangudya last night said the much-anticipated bond notes will only start circulating in October as he fended new rumours that the central bank was preparing to re-introduce the... Read more
2 related stories
11h
The Economic Times
RBI to lower rates by another 50 bps in FY17: Morgan StanleyNEW DELHI: The Reserve Bank is expected to keep key rates unchanged in the next
RBI to lower rates by another 50 bps in FY17: Morgan Stanley
The Economic Times / Posted 11 hours ago
NEW DELHI: The Reserve Bank is expected to keep key rates unchanged in the next policy meeting on June 7, but might lower rates by another 50 bps during the current financial year, says a report by Morgan Stanley . According to the report, retail... Read more
2 related stories
11h
The Youngstown Vindicator
Trump preys on our fearsboom,” said William R. Emmons, a senior economic adviser at the Center for Hous
Trump preys on our fears
The Youngstown Vindicator / Posted 11 hours ago
boom,” said William R. Emmons, a senior economic adviser at the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis. “And the recent economic stresses make it much more likely families are going to be fighting basic... Read more
12h
The Scranton Times-Tribune
DeNaples-related firm holds majority stake in Trans-MedLouis A. DeNaples Sr. and filed in the Lackawanna recorder of deeds office. In
DeNaples-related firm holds majority stake in Trans-Med
The Scranton Times-Tribune / Posted 12 hours ago
Louis A. DeNaples Sr. and filed in the Lackawanna recorder of deeds office. In a 2014 disclosure filing with the Federal Reserve Bank of Philadelphia, Louis A. DeNaples Sr. and his son, Dr. Louis A. DeNaples Jr., are listed as principals in... Read more
13h
New Zimbabwe
Religious leaders: Speak truth to powerwas a bit refreshing a few days ago to have Prophetic Healing and Deliverance (
Religious leaders: Speak truth to power
New Zimbabwe / Posted 13 hours ago
was a bit refreshing a few days ago to have Prophetic Healing and Deliverance (PHD) leader Walter Magaya meeting with the Reserve Bank Governor John Mangudya over the introduction of the feared bond notes. Magaya has told the national leadership... Read more
15h
Sun Star
Researchers: Asian bank hacks may be linked to North Koreaat Symantec said that the malware used in February to steal $101 million from t
Researchers: Asian bank hacks may be linked to North Korea
Sun Star / Posted 15 hours ago
at Symantec said that the malware used in February to steal $101 million from the Bangladeshi bank's account in the Federal Reserve Bank of New York is similar to that used in the past by a group known as "Lazarus." That group has been linked to a... Read more
55 related stories
17h
Manila Standard Today
Lessons from a Bank Heistbank fell victim to an $81-million heist. Hackers used the Swift network to acc
Lessons from a Bank Heist
Manila Standard Today / Posted 17 hours ago
bank fell victim to an $81-million heist. Hackers used the Swift network to access the bank’s account at the Federal Reserve Bank of New York and transfer funds to accounts in the Philippines, from which they vanished. Similar breaches have... Read more
76 related stories
17h
The Telegraph
Does Modi govt deserve Rajan, asks PCNew Delhi, May 28: Former Union finance minister P. Chidambaram today described
Does Modi govt deserve Rajan, asks PC
The Telegraph / Posted 17 hours ago
New Delhi, May 28: Former Union finance minister P. Chidambaram today described Reserve Bank of India governor Raghuram Rajan as "one of the most outstanding economists" and cited the attacks on him from within the BJP to ask whether the Narendra... Read more
7 related stories
21h
asianage
Modi has ideologues, but no implementersArun Jaitley, his party’s own finance minister. And now he has fired several un
Modi has ideologues, but no implementers
asianage / Posted 21 hours ago
Arun Jaitley, his party’s own finance minister. And now he has fired several unbecoming salvos at the universally admired Reserve Bank governor, Raghuram Rajan. This has caused so much embarrassment to the party, that its president Amit Shah has... Read more
1d
Business Standard India
FRBM panel discusses terms of referencepanel is led by former member of Parliament and revenue and expenditure secreta
FRBM panel discusses terms of reference
Business Standard India / Posted yesterday
panel is led by former member of Parliament and revenue and expenditure secretary N K Singh. The other members are Reserve Bank of India Deputy Governor Urjit Patel, Chief Economic Advisor Arvind Subramanian, former finance secretary Sumit... Read more
1d
dna
P Chidambaram backs 'outstanding' Raghuram Rajan, says Congress has full faith in himcommenting on the recent demand by Bharatiya Janata Party (BJP) leader Subraman
P Chidambaram backs 'outstanding' Raghuram Rajan, says Congress has full faith in him
dna / Posted yesterday
commenting on the recent demand by Bharatiya Janata Party (BJP) leader Subramanian Swamy to remove Raghuram Rajan as the Reserve Bank of India (RBI) Governor, former finance minister P. Chidambaram on Saturday called Rajan as 'one of the most... Read more
7 related stories
1d
New Kerala
Modi government doesn't deserve Raghuram Rajan: newkerala.com #69311government deserves Dr Rajan?" Chidambaram replied when asked whether the RBI g
Modi government doesn't deserve Raghuram Rajan: newkerala.com #69311
New Kerala / Posted yesterday
government deserves Dr Rajan?" Chidambaram replied when asked whether the RBI governor should be given a second term. The Reserve Bank of India (RBI) governor's three-year term ends in the first week of September. BJP leader Subramanian Swamy has... Read more
7 related stories
1d
AllAfrica.com
Gold Dealer, Smugglers Arrestedurged all those dealing in gold to acquire licences and that gold dealers shoul
Gold Dealer, Smugglers Arrested
AllAfrica.com / Posted yesterday
urged all those dealing in gold to acquire licences and that gold dealers should process all their minerals through the Reserve Bank of Zimbabwe in order to curb leakages. Meanwhile, police arrested eight suspects along the Harare-Masvingo... Read more
1d
Business Standard India
P Chidambaram wonders if Modi govt 'deserves' Raghuram Rajanoutstanding economists in the world", amid an unrelenting attack by Bharatiya J
P Chidambaram wonders if Modi govt 'deserves' Raghuram Rajan
Business Standard India / Posted yesterday
outstanding economists in the world", amid an unrelenting attack by Bharatiya Janata Party MP Subramanian Swamy against the Reserve Bank of India (RBI) governor. "I am beginning to think whether this government deserves Dr Rajan," he replied when... Read more
7 related stories
1d
AllAfrica.com
Export Incentives to Ease Cash Crisis - MangudyaZIMBABWE could soon boost its exports driven by a cocktail of measures announce
Export Incentives to Ease Cash Crisis - Mangudya
AllAfrica.com / Posted yesterday
ZIMBABWE could soon boost its exports driven by a cocktail of measures announced by the Reserve Bank of Zimbabwe recently. The Reserve Bank Governor John Mangudya told a breakfast meeting hosted by the Zimbabwe National Chamber of Commerce (ZNCC)... Read more
1d
AllAfrica.com
FDI: Time to Get SeriousWHEN Reserve Bank of Zimbabwe governor John Mangudya gave a prognosis of Zimbab
FDI: Time to Get Serious
AllAfrica.com / Posted yesterday
WHEN Reserve Bank of Zimbabwe governor John Mangudya gave a prognosis of Zimbabwe's economic challenges in 2014, he highlighted that the economy had failed to hold on to the strong positive economic growth trajectory stimulated by the liberalisation... Read more
1d
AllAfrica.com
No Cash Shortage in Victoria Fallsintense debate about the whereabouts of millions of United State dollars being
No Cash Shortage in Victoria Falls
AllAfrica.com / Posted yesterday
intense debate about the whereabouts of millions of United State dollars being imported by commercial banks, and the Reserve Bank of Zimbabwe (RBZ) and precipitated anger by the general population against authorities, who are now desperately... Read more
3 related stories
1d
Scoop.co.nz
On The Nation: Lisa Owen interviews Grant Robertsonin New Zealand. We are still creaking along in that regard. But what I'm saying
On The Nation: Lisa Owen interviews Grant Robertson
Scoop.co.nz / Posted yesterday
in New Zealand. We are still creaking along in that regard. But what I'm saying, and it's not just me — it's also the Reserve Bank Governor, Graeme Wheeler, is saying — is we do need more infrastructure spending. That is a way of helping... Read more
2 related stories
1d
Hindustantimes.com
Cong releases booklet on Modi govt’s failures to mark two-year anniversaryconsumer price index inflation rose from 3.5% in July 2015 to 5.4% in April 201
Cong releases booklet on Modi govt’s failures to mark two-year anniversary
Hindustantimes.com / Posted yesterday
consumer price index inflation rose from 3.5% in July 2015 to 5.4% in April 2016, and questioned if the government and the Reserve Bank of India agreed on the strategy on inflation management. “[There is] little cheer in the GDP numbers. There is... Read more
4 related stories
1d
The Economic Times
Modi government doesn't deserve someone like Raghuram Rajan, says P ChidambaramRajan as 'fascism' and an assault on the institution not the individual. "The
Modi government doesn't deserve someone like Raghuram Rajan, says P Chidambaram
The Economic Times / Posted yesterday
Rajan as 'fascism' and an assault on the institution not the individual. "The question is not about good and bad work. The Reserve Bank of India Governor's tenure is for a period of three years. It was one year in the UPA and now another two years... Read more
48 related stories
1d
The Financial Express
Affordable housing: Some relief coming in but broader pain continues60,000 units in the quarter ended March 2016, the credit deployment data of ban
Affordable housing: Some relief coming in but broader pain continues
The Financial Express / Posted yesterday
60,000 units in the quarter ended March 2016, the credit deployment data of banks to the housing sector (released by the Reserve Bank of India) shows an uptick in loan off-take. While it had declined to under 15 per cent in 2014, there has been... Read more
1d
AllAfrica.com
U.S.$240 Million Tobacco Passes Through Auction Floorsmoney upon delivering their crop. Two weeks ago, tempers flared at the auction
U.S.$240 Million Tobacco Passes Through Auction Floors
AllAfrica.com / Posted yesterday
money upon delivering their crop. Two weeks ago, tempers flared at the auction floors as farmers protested against the Reserve Bank of Zimbabwe's decision to cap the maximum withdrawal at US$1 000 per day. This year, the number of tobacco... Read more
1d
Manila Bulletin
SWIFT eyes new technology to spot cyber theftsecure. In February, thieves hacked into the SWIFT system of the Bangladesh ce
SWIFT eyes new technology to spot cyber theft
Manila Bulletin / Posted yesterday
secure. In February, thieves hacked into the SWIFT system of the Bangladesh central bank, sending messages to the Federal Reserve Bank of New York allowing them to steal $81 million. The attack followed a theft from Banco del Austro in Ecuador... Read more
76 related stories
1d
The Economic Times
Nearly $15 billion in bad assets! SBI still safest PSB bet: Expertsoptimism stems from the fact that SBI was one of the first banks to start a cle
Nearly $15 billion in bad assets! SBI still safest PSB bet: Experts
The Economic Times / Posted yesterday
optimism stems from the fact that SBI was one of the first banks to start a cleanup its balance sheet way before the Reserve Bank of India (RBI) came out with a directive for banks to address the NPL (non-performing loans) issue by March... Read more
215 related stories
1d
New Zimbabwe
Panama scandal: Zim must act nowmany benefits from the extraction of its mineral wealth. In fact, in 2015, Zim
Panama scandal: Zim must act now
New Zimbabwe / Posted yesterday
many benefits from the extraction of its mineral wealth. In fact, in 2015, Zimbabwe lost $500 million according to the Reserve Bank of Zimbabwe (RBZ). Moreover, Africa is losing as much as $50 billion per annum to illicit financial flows. These... Read more
1d
New Kerala
India's forex reserves at $360 bn - newkerala.com #69121Chennai, May 28 : India's foreign exchange reserves went down to $360.90 billio
India's forex reserves at $360 bn - newkerala.com #69121
New Kerala / Posted yesterday
Chennai, May 28 : India's foreign exchange reserves went down to $360.90 billion as on May 20, the Reserve Bank of India (RBI) said. According to the foreign exchange data released by RBI, the foreign exchange reserves stood at $360.90 billion as on... Read more
1d
The Financial Express
Bank of Baroda recovers Rs 3,200 credit from non performing loans in Q4with the same quarter a year ago. The rise in provisions was primarily due to t
Bank of Baroda recovers Rs 3,200 credit from non performing loans in Q4
The Financial Express / Posted yesterday
with the same quarter a year ago. The rise in provisions was primarily due to the asset quality review conducted by the Reserve Bank of India across the banking sector, following which banks needed to recognise a list of stressed assets as... Read more
215 related stories
1d
The Youngstown Vindicator
Downtown Youngstown Partnership starts upat Symantec say that the malware used in February to steal $101 million from th
Downtown Youngstown Partnership starts up
The Youngstown Vindicator / Posted yesterday
at Symantec say that the malware used in February to steal $101 million from the Bangladeshi bank’s account in the Federal Reserve Bank of New York is similar to that used in the past by a group known as “Lazarus.” Staff/wire reports Selected... Read more
1d
The Financial Express
Regulating peer-to-peer lendingReserve Bank of India has recently come out a consultation paper on peer-to-pee
Regulating peer-to-peer lending
The Financial Express / Posted yesterday
Reserve Bank of India has recently come out a consultation paper on peer-to-peer lending (P2P lending). P2P lending is a mode of lending that involves an online platform that matches lenders with borrowers in order to provide loans. Typically, P2P... Read more
1d
The Financial Express
SBI Q4 net profit down 66% on higher loss provisioningmembers of SBI’s consortiums,” the chairman said, adding that `9,000 crore of N
SBI Q4 net profit down 66% on higher loss provisioning
The Financial Express / Posted yesterday
members of SBI’s consortiums,” the chairman said, adding that `9,000 crore of NPAs in the quarter were the result of the Reserve Bank of India’s review. Operating profit of the public sector lender rose 11.2% y-o-y to Rs 14,192 crore, while its... Read more
215 related stories
1d
Manila Bulletin
Asian bank hacks may be linked to North Korea — reseachersat Symantec say that the malware used in February to steal $101 million from th
Asian bank hacks may be linked to North Korea — reseachers
Manila Bulletin / Posted yesterday
at Symantec say that the malware used in February to steal $101 million from the Bangladeshi bank’s account in the Federal Reserve Bank of New York is similar to that used in the past by a group known as “Lazarus.” That group has been linked to a... Read more
55 related stories
1d
dna
Govt has set the stage, corporates may soon steal the showlaw with enhanced foreign-investment limits, inflation targeting with an indepe
Govt has set the stage, corporates may soon steal the show
dna / Posted yesterday
law with enhanced foreign-investment limits, inflation targeting with an independent monetary policy committee for the Reserve Bank, a bankruptcy code, a regulatory framework for real estate, opening up nearly all sectors including defence to... Read more
1d
The Columbian
Economy’s Q1 growth better than first thoughtexpect much stronger overall economic growth in the April-through-June period.
Economy’s Q1 growth better than first thought
The Columbian / Posted yesterday
expect much stronger overall economic growth in the April-through-June period. A closely watched model from the Federal Reserve Bank of New York forecasts that the economy is growing at a 2.9 percent annual rate in the second quarter. That would... Read more
100 related stories
1d
Brisbane Times
Fed on track to raise rates 'in coming months': Janet Yellenwait until September. "The June-July time frame is a reasonable expectation,"
Fed on track to raise rates 'in coming months': Janet Yellen
Brisbane Times / Posted yesterday
wait until September. "The June-July time frame is a reasonable expectation," William C. Dudley, president of the Federal Reserve Bank of New York, said early this month. Others have sounded slightly more cautious. Jerome H. Powell, a Fed... Read more
100 related stories
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