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WASHINGTON (Reuters) - The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in instances when it may…

Almost two years after the Punjab National Bank (PNB) reported the scandal involving diamantaire Nirav Modi, an exhaustive forensic audit commissioned by the bank has come to light, revealing the depth and extent of the rot and the ease…

However, despite the rate cut of this magnitude, the transmission of rates has been quite limited and has remained a cause of concern.If the Reserve Bank of India (RBI) decides to trim the rate by a further 25 basis points on December 5…

Bharat Bond ETF will only hold bonds with AAA credit rating issued state-owned owned companies including REC, PFC, NHAI, National Thermal Power Corporation among others.The much-awaited launch of Bharat Bond ETF received Cabinet Approval…

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WASHINGTON (Reuters) - U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure “responsible use” of non-traditional sources of financial data to help determine whether a potential…

The rule mandates that control of an airline always remain in Indian hands, one of several reasons global firms have been wary of bidding for Air India.The government is considering amending a rule to allow overseas control of local…

During the two months, banks have given Rs 72,985 crore to MSME sector while loans to corporates stood at Rs 2.2 lakh crore.As part of a government-mandated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh…

 The decision in front of the Monetary Policy Committee (MPC), in our view, is whether to push for moderate easing or deep easing.Since the stance of the RBIis transparent, the market seems to have already priced in a cut of 25 basis…

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