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MUMBAI: RBI governor Sanjay Malhotra said that the regulator plans to increase offsite surveillance of banks in real-time. Historically, RBI has been conducting onsite supervision of the records of banks largely through annual financial inspections and targeted inspections under a risk-based supervision framework focusing on core areas like capital adequacy, asset quality, management, earnings liquidity…
NEW DELHI: Bihar chief minister Nitish Kumar on Thursday attempted to touch Prime Minister Narendra Modi’s feet in an unusual moment at the Patna airport, shortly before the PM departed after attending the Janata Dal (United) leader’s swearing-in ceremony for a record 10th term.A video of the incident went viral, showing the 74-year-old JD(U) leader…
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India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted that…
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NEW DELHI: US ambassador Sergio Gor said Tuesday he would ensure that senior US officials regularly travel to India, as both sides work to take the partnership to the next level in cooperation. Gor made the remark in the context of the just-concluded visit to India by Senator Steve Daines, a member of Senate Foreign…
JPMorgan’s (JPM) reported plan to offer crypto trading to institutional clients could reshape the competitive landscape, but not necessarily at the expense of its rivals. According to analysts, the Wall Street giant’s entrance may benefit existing players like Coinbase (COIN), Bullish (BLSH), and Galaxy Digital (GLXY) even as it signals stiffer competition ahead. “If JPMorgan…
