Banks in India are about to take the first step to explore clearing and settlement of dollars in the country.
Over the next few months, Wall Street banking biggie JP Morgan, along with several other financial institutions, will carry out a pilot project where dollar payments and receipts can be completed among international banking units (IBUs) – or bank branches – at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.
Regulator Irdai has asked insurance companies to lay down social media guidelines for their employees to ensure that no unverified or confidential information relating to […]
The Reserve Bank of India (RBI) has introduced updated guidelines for Priority Sector Lending (PSL) aimed at improving credit accessibility for key sectors of the […]
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the […]