Tuesday, 4 October, 2022
TopicBanking

Topic: Banking

Millennials in India making riskier investments, in bid to boost returns rocked by inflation

More Indians are venturing into volatile territory by pouring money into new and lightly controlled assets, investing in peer-to-peer lending and cryptocurrencies.

Cyprus, ‘haven for Russian money laundering’, supports excluding Russia from SWIFT banking 

Experts say the move is significant not only because Cyprus is allegedly home to offshore companies of Russian oligarchs but also because it’s a non-NATO member

‘Baboo’s feelings hurt’?— How precursor to SBI treated Indian customers in British era

In ‘The SBI Story’, Vikrant Pande traces the history of India’s oldest bank, and how it came to be during the British Raj.

How did SBI become synonymous with banking in India? New book tells story of last 2 centuries

Published by Westland Books, The SBI Story by Vikrant Pande, will be released on 2 February on SoftCover, ThePrint’s e-venue to launch select non-fiction books.

Institute of Banking Personnel Selection releases admit cards for IBPS PO Mains, exam on 22 Jan

IBPS PO Mains exam consists of two papers — Objective and Descriptive — carrying a total marks of 225. The duration of the exam is three hours and 30 minutes.

The banking jobs algos can’t destroy

The world of dollar-denominated bonds sold by companies in emerging markets, especially China, is the last frontier where finance careers are safe from machines and autocrats.

How I guided SBI through demonetisation, IBC, Jet Airways crisis and Covid: Rajnish Kumar

In ‘The Custodian of Trust’, former SBI chairman Rajnish Kumar writes about telling his 2.6 lakh employees to maintain ethics in banking and a work-life balance.

Banks should adopt digitisation to ensure govt schemes reach needy, says Nirmala Sitharaman

The Finance Minister said it was due to use of digitisation through banking correspondents that govt's financial disbursements were distributed to the poor even during Covid pandemic.

RBI optimistic about 9.5% GDP growth projection for FY22 being met, Shaktikanta Das says

RBI Governor Das further said the central bank will seek to gradually move towards achieving the 4% target, but the possibility of a sustained increase in inflation is unlikely.

Load up on foreign stocks, top banker tells wealthy Indians

Kotak Investment Advisors CEO Srikanth Subramanian says softening of rules will see higher returns from some overseas markets than what investors can get from Indian equities.

On Camera

YourTurn

Beneficiaries of the PM-GKAY PDS centre in Odisha | Representational image | ANI

Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy

RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

Defence

The LCH is designed with stealth features such as reduced visual, aural, radar and infrared signatures | Photo: IAF

Prachand, India’s new Light Combat Helicopter, doesn’t yet have main arsenal or protection suite

IAF inducted new helicopter Monday, but it'll get anti-tank guided missile only by mid-2023, while air-to-air missiles haven't yet been ordered, it is learnt.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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