County Banks Financial News

list of bank holidays, which is based on various factors including national/state holidays, cultural or religious observance, operational requirements, government announcements, and coordination with other banks. January 23 (Tuesday)- Gaan-Ngai- Banks are closed in Manipur. January 25 (Thursday)- Thai Poosam/Birthday of Md.

Banks in Imphal, Kanpur, Lucknow, and Panaji will remain closed on Monday, January 22 on account of the consecration ceremony of Lord Shri Ram in the temple built in Shri Ram Janmabhoomi complex/Imoinu Iratpa, as per the RBI holiday calendar. These are holidays under the Negotiable Instruments Act. Bank branches of private banks in Uttar Pradesh will be closed on January 22, 2024 (Monday).

₹29.55 lakh, ₹6 lakh, and ₹1 crore, respectively, has been slapped against these three banks. A penalty of ₹1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions on 'Loans and Advances – Statutory and Other Restrictions', KYC, and certain norms related to the interest rate on deposits, the Reserve Bank of India (RBI) said, adding, "This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

banks, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms. A penalty of Rs 1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions on 'Loans and Advances — Statutory and Other Restrictions', KYC and certain norms related to interest rate on deposits, the Reserve Bank of India (RBI) said.

Golden Globe Awards.This year’s Globes are a star-studded affair, with the likes of Dua Lipa, Matt Damon, Don Cheadle, Elizabeth Banks, Jared Leto, Jodie Foster and more all slated to present awards, as well as Emily Blunt, Taylor Swift, Oprah Winfrey, Bradley Cooper, Meryl Streep and other Hollywood heavyweights walking the red carpet.Red, pink and white gowns reigned supreme for the ladies, while the men mixed it up with suits adorned with plenty of unexpected details.This marks the 81st year for the Globes, which aim to honour the best of television and film.Who else decided to take a stroll down the 2024 Golden Globes red carpet? Keep scrolling to see some of the best and boldest celebrity looks from the show.

Illumination, the animation studio is coming up with Migration. Previously it has produced films such as Minions, Despicable Me, and recently The Super Mario Bros. Movie, fetching more than a billion dollars at the box office. Migration which is directed by Benjamin Renner, is written by Mike White. It is about a family of ducks who go on an adventurous vacation to Jamaica from a pool in New England.

The PRA said the requirements will be 'low' and result in an average increase in Tier 1 capital requirements for UK firms of around 3% once fully phased in.

Robert Kiyosaki – author of the famous finance book Rich Dad Poor Dad – warned his followers on Sunday to take some cash out of the bank before what could be an unprecedented economic collapse.

Clearing Corp of India (CCIL), paving the decks for billions of dollars of trade in Indian sovereign bonds routed through London lenders that needed a mutually beneficial deal to commit personal funds and effectively discharge their custodian role. The MoU between the Reserve Bank of India (RBI) and the Bank of England (BoE), while acting as an actionable template for other regulatory regimes uncertain about oversight rights over CCIL, also helps establish a framework robust enough to accommodate the potential $25 billion in incremental inflows Indian sovereign bonds are likely to receive by mid-2025 after their inclusion in JPMorgan's keenly tracked global index. Relief for UK Banks in India «The MoU establishes a framework for the BoE to place reliance on RBI's regulatory and supervisory activities while safeguarding UK's financial stability,» the RBI said in a statement Friday. «The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE's commitment to deference to other regulators' regimes.» ET had reported on November 28 that the RBI and UK regulators had made significant progress on a new MoU for the treatment of the CCIL and that the BoE would likely communicate a «hands-off» approach on potentially contentious issues, such as rights of audit over the Indian clearing house. Investor & Custodian The move is a relief to UK-based banks Standard Chartered, Barclays and HSBC, which are themselves large players in the domestic bond and derivatives markets and are also custodians of foreign investment flows into India.

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.

Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized enterprise mainnet formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. 

The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months.

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has opened a consultation period on crypto-asset disclosure requirements for federally regulated financial institutions. The consultation was foreseen in the 2023 federal budget, but its timing is tied to a similar inquiry initiated by the Bank for International Settlements (BIS).

SC Ventures, the fintech investment arm of British bank Standard Chartered, will establish a “Digital Asset Joint Venture” investment company in the United Arab Emirates in partnership with a Japanese financial conglomerate, SBI Holdings. 

MADRID (Reuters) — Euro zone banks' lending income is expected to be negatively impacted by a gradual increase in the remuneration of deposits, European Central Bank Vice-President Luis de Guindos said on Tuesday.

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform.

The Albanese government will draft new laws to regulate how investment products are labelled in an attempt to reduce unverified sustainability claims and ensure environmental credentials are comparable.

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.

Times of India, adding, that the unions are mulling to implement a five-day workweek in the near future. Earlier on Thursday, the Indian Banks' Association suggested a 15 percent raise, however, along with other alterations, they are also pushing for a more substantial hike. The report says that PNB has started making higher provisions for the wage increase, i.e.

The report found Coutts failed to pay due regard to the interests of Farage and 'failed to treat him fairly', which 'might also amount to a regulatory breach, but is a matter for the relevant regulator to decide'.

Food bank visits in Canada soared to a new record this year as the rising cost of living makes it more difficult for people to afford groceries.