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Banks set up panel to guard executives from corruption cases

Banks had been pressing for immunity from arbitrary arrest or action by investigating agencies against their top executives for taking commercial decisions such as grant of loans, but there has been little headway on this demand so far.

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City Union Bank wins IBA s banking technology awards - The Hindu BusinessLine

City Union Bank wins IBA s banking technology awards - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Sajjid Chinoy: Balancing Growth And Stability In 2024

The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a problem of plenty , notes Sajjid Chinoy, Chief India Economist JP Morgan.

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Show sensitivity to exporters in view of Red Sea crisis: Finance ministry to PSU banks

The Red Sea strait is crucial for 30 per cent of global container traffic and 12 per cent of global trade. About 80 per cent of India's merchandise trade with Europe passes through this route.

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Red sea crisis India: Show sensitivity to exporters in view of Red Sea crisis: Finmin to PSU banks

Financial Services Secretary Vivek Joshi has urged public sector banks and insurance companies to handle trade finance and insurance cases sensitively amid the Red Sea crisis. Due to longer shipping routes, exporters face higher trade finance and insurance costs. Joshi emphasized the importance of dealing with these issues with sensitivity to avoid denial of services. The Bab-el-Mandeb Strait crisis has led to increased shipping costs and delays, impacting India s merchandise trade with Europe.

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