Page 79 of Banking

Nazara Tech’s two firms hold Rs 64 cr in crisis-hit Silicon Valley Bank

Digital gaming publisher Nazara Technologies has announced that two of its step-down subsidiaries, Kiddopia Inc and Mediawrkz Inc, hold cash…

March 13, 2023 05:25 IST

Silicon Valley Bank, Silicon Valley Banknews, Silicon Valley Bank latest news, Silicon Valley Bank collapse, financial crisis

Y Combinator estimates 1 lakh jobs within its community at risk due to SV Bank collapse

According to the NVCA, Silicon Valley Bank has over 37,000 small businesses with more than USD 250,000 in deposits.

March 12, 2023 19:26 IST

Bank of Maharashtra cuts home loan rate to 8.4 pc

By introducing this offer, it said, BoM is offering the most lucrative ROI with added benefits on its array of…

March 12, 2023 12:55 IST

How AI and data are broadening MSMEs’ access to narrow India’s million-dollar credit disparity

Experts suggest that AI and data will help to improve credit disparity in India

Updated: March 13, 2023 14:20 IST

Silicon Valley Bank, Silicon Valley Bank news, Silicon Valley Bank latest news, Silicon Valley Bank collapse

A major bank failed. Here’s why it’s not 2008 again

Its downfall is the largest failure of a financial institution since Washington Mutual collapsed at the height of the financial…

Updated: March 11, 2023 22:03 IST

Silicon Valley Bank staff offered 45 days of work at 1.5 times salary

Staff were told to continue working remotely, except for essential workers and branch employees.

Updated: March 11, 2023 20:53 IST

Fintechs must organise under SRO model to monitor misconduct, says RBI DG Jain

Indian fintechs should attempt to organise themselves under a self-regulatory organisation (SRO) model to monitor misconduct of entities and protect…

March 11, 2023 03:15 IST

How to save Silicon Valley Bank: billionaire Bill Ackman sees a difficult way out, Uday Kotak weighs in too

“The failure of Silicon Valley Bank could destroy an important long-term driver of the economy as VC-backed companies rely on…

March 10, 2023 14:55 IST

EXPLAINER: Expiry of Yes Bank shares’ lock-in

Three years ago, a consortium led by State Bank of India (SBI) infused Rs 10,000 crore of capital to bail…

March 10, 2023 03:15 IST

Foreign lenders’ loan book just 4% of banking system

Citibank’s sale of its retail business to Axis Bank is complete and with that India’s oldest foreign lender has joined…

March 10, 2023 01:45 IST

Lender’s go-to tool: AI bot turns into collection agent for NBFCs, banks

Rezo’s AI-driven product is helping reduce loan defaults.

March 9, 2023 03:30 IST

SaaS products being abused to scam bank customers

About two weeks ago, Kotak Mahindra AMC MD Nilesh Shah posted a tweet tagging HDFC Bank, asking it to act…

March 9, 2023 02:45 IST

Loans to industry flat as MSME credit loses steam

A large number of MSME loans are linked to the external benchmark like the repo.

March 9, 2023 02:00 IST

Credit Credit, credit card shopping, shopping credit, how to get credit card, lifestyle

Credit card outstanding rises 29.6 per cent to reach an all-time high of Rs 1.87 lakh crore in January

As per the latest data of the Reserve Bank, the credit card outstanding has recorded a growth of over 20…

March 7, 2023 16:54 IST

BANKING AS A SERVICE: Helping banks remain digitally relevant

Falcon’s BaaS platform enables non-fintechs to become fintechs in a day

March 7, 2023 02:15 IST

‘Fintech partnerships in focus; NIM may cantract in FY24’

IDBI Bank is aiming at forming partnerships with fintechs for digital loans, connected banking and neo-banking services.

March 7, 2023 00:15 IST

NBFCs expect up to 30 bps rise in borrowing cost in FY24

In its FY24 outlook for the NBFC industry, India Ratings & Research had said that till now there has been…

March 6, 2023 02:45 IST

Banks’ GNPAs decline 26% in December

Gross non-performing assets (GNPAs) of Indian banks fell by a whopping 26%, or Rs 2.14 trillion, to Rs 6.04 trillion…

March 4, 2023 00:05 IST

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DoT signals stricter rules for satellite spectrum sharing amid interference concerns

Business32 min ago

The DoT is planning to enforce stricter regulations for spectrum sharing in the satcom market to prevent interference. TRAI suggests assigning spectrum through administrative allocation with a 4% annual levy. As technology and scale increase, industry players believe satcom service prices will decrease. Rules must also be designed for future scenarios as there are currently no incumbent operators.

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