BIS’ Project Agora finds tokenization could make cross-border payments faster, safer

A major experiment led by the Bank for International Settlements (BIS) found that tokenization could help fix some of the biggest pain points in cross-border payments, from slow settlement times to costly reconciliation between banks. Project Agorá, a joint effort between the BIS, seven central banks and more than 40 private financial institutions, concluded that…

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Stock market holiday on Bakri Id: Are BSE, NSE closed for trading on May 28?

Investors will get a mid-week trading break as stock exchanges NSE and BSE will remain closed on Thursday, May 28, for Bakri Id.Trading across equity, equity derivatives and securities lending and borrowing (SLB) segments will remain suspended for the day, making this a shortened trading week for Dalal Street participants, reported ET. The holiday comes…

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Moody’s flags higher risks for Indian banks from Middle East crisis as oil prices stay elevated

Amid the ongoing stalemate over US-Iran deal, credit rating agency Moody’s Ratings on Wednesday said Indian banks are among the more exposed lenders in the Asia-Pacific region to risks arising from the ongoing Middle East crisis because of India’s heavy dependence on energy imports from the region, PTI reported.The ratings agency said sustained high oil…

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Sensex bleeding, gold volatile amid US-Iran war: Time to opt for good old FDs? Pros & cons of fixed income assets

Every crisis reminds us that markets can swing like a pendulum between greed and fear. (AI image) Sensex and Nifty are in deep red. Gold, the favourite safe haven asset for investors, is seeing huge volatility. The US-Iran conflict has hit investment portfolios of Indians who are now left wondering: where is their money safe?…

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Supreme Court verdict on SIR raises more questions than it answers: Congress | India News

Congress spokesman Abhishek Singhvi NEW DELHI: Congress on Wednesday slammed the Supreme Court judgment on SIR for not mentioning a clutch of “major flaws and contradictions” in EC’s process that, it said, has “deprived crores of citizens” of voting rights. It said the judicial challenge by political parties and civil society pertained to flaws on…

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