Banking industry
The Indian equity markets continued to show an upward trend in the late afternoon session following the Reserve Bank of India's (RBI) decision to keep its key lending rates unchanged for the tenth consecutive time. Despite the RBI pegging the economic growth rate for 2022-23 at 7.8
Banking industry
SIDBI has set up a dedicated vertical to increase the resilience of MSMEs to combat climate change, in line with India's commitments at COP26. The initiative aligns with the policy push for climate action and clean energy in the Union Budget 2022. SIDBI has partnered with international organizations
Banking industry
The Reserve Bank of India's (RBI) foreign exchange and money market interventions to maintain currency stability and stable yields have put pressure on its finances, according to the government's revised budget forecast. The RBI's earnings are expected to decline due to a decline in
Banking industry
The Indian government, led by Finance Minister Nirmala Sitharaman, has announced plans to introduce a central bank digital currency (CBDC) in the country. The digital rupee will be introduced using blockchain technology and aims to give a boost to the digital economy, making currency management more efficient and cheaper. This
Banking industry
J.P. Morgan Structured Products B.V, the issuer of single stock derivative warrants on the Hong Kong Company, has announced adjustments to these warrants following a rights issue of the Company. The adjustments will take effect from 26 January 2022. These adjustments are necessary due to the Company'
Banking industry
The Federal Home Loan Bank of Boston has re-elected Donna L. Boulanger and elected William M. Parent, David Rotatori, and E. Macey Russell to its board of directors for four-year terms. Along with the election, the bank declared its 2022 Director Compensation Policy and reported the committee assignments of the
Banking industry
The Fintech Association for Consumer Empowerment (FACE), an industry body comprising prominent startup firms, has applied to the Reserve Bank of India (RBI) to become a self-regulatory organization (SRO) in the digital lending industry. This move comes in response to the RBI's call for suggestions on enforcing regulations
Banking industry
Large multinational banks have requested the Reserve Bank of India (RBI) to either act as a dollar buyer of last resort or relax the exposure rule for banks as India prepares to move to a shorter settlement cycle from February end. The banks, which handle funds of offshore investors, fear
Banking industry
As part of its annual survey, NewVantage Partners has released the results of its 2022 Data and AI Leadership Executive Survey, focusing on the quest to achieve data-driven leadership and the state of corporate data initiatives. The survey reflects a record number of participating organizations, including a broad range of
Banking industry
LG Electronics has announced its collaboration with IBM to advance the development of quantum computing, a revolutionary technology that leverages the principles of quantum mechanics to tackle complex computational problems. This partnership comes at a time when artificial intelligence (AI), big data, and autonomous driving are transforming various industries. By
Banking industry
Alexandria Real Estate Equities, a leading real estate investment trust specializing in life science, agtech, and technology campuses, has completed its underwritten public offering of 7,000,000 shares of common stock at a public offering price of $210.00 per share. The offering, led by joint book running managers
Banking industry
Alexandria Real Estate Equities, Inc. (ARE), a leading urban office real estate investment trust, has commenced an underwritten public offering of 6,500,000 shares of its common stock in connection with forward sale agreements. The company expects to grant the underwriters a 30-day option to purchase up to 975,
