As one of the primary nations, Switzerland distributed its draft regulation for the homegrown execution of the OECD’s Crypto-Resource Detailing Structure (CARF). Specifically, on 15 May 2024, the Swiss specialists sent off a consolidated discussion on CARF and the corrections to the Normal Revealing Norm (CRS 2.0), proposing...
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August 12, 2024 admin
Banking
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Two major bank failures, severe trust deficit among banks and customers, falling interest rates, mammoth merger of PSBs and arrival of a killer pandemic – these events characterise the banking sector’s performance in the first year of Modi government’s second term. When Modi government resumed its second term...
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May 29, 2020 Loknath Das
Banking
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By Suvashree Ghosh, Rahul Satija and Divya Patil India’s decision to seize control of its fourth-largest private bank at a time when the coronavirus is roiling markets risks prolonging a credit crunch among the nation’s non-traditional financiers. The Yes Bank LtdNSE 2.00 %. takeover last week marked the first instance of...
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March 14, 2020 Loknath Das
Banking
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Bank employees and officers’ unions of public sector banks have deferred the proposed three-day strike after banks raised the wage hike offer to 15 per cent from 12.5 per cent earlier. The strike had been called by the constituents of United Forum of Bank Unions (UFBU), the umbrella body of...
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March 1, 2020 Loknath Das
Banking
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Unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in strike. Services of public sector banks were impacted on Saturday as nation-wide strike by employee unions entered its second day. The strike call has been given by...
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February 1, 2020 Loknath Das
Banking
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The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors...
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January 13, 2020 Loknath Das
Banking
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