County Banks Financial News

The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. 

Benchmark NSE Nifty closed 89.25 points up at 20192.35 amid buying in frontline bluechip counters. However, stocks such as Penta Gold, Brookfield India Rea, Ratnaveer Precision, Dangee Dums and SS Infrastructure, touched their fresh 52-week lows. Overall, 31 shares ended in the green in Nifty50 index, while 19 closed in the red. In the Nifty 50 index, Bajaj Auto, Bharti Airtel, M&M, Hero MotoCorp and Grasim Inds.

Benchmark NSE Nifty closed 33.1 points up at 20103.1 amid buying in frontline bluechip counters. However, stocks such as Vaxtex Cotfab, Penta Gold, Dangee Dums, Brookfield India Rea and Blue Coast Hotel, touched their fresh 52-week lows. Overall, 31 shares ended in the green in Nifty50 index, while 19 closed in the red. In the Nifty 50 index, UPL, Hindalco, ONGC, M&M and Eicher Motors were among top gainers during the day, while Asian Paints, ITC, Coal India Ltd, Britannia and LTIMindtree ended in the red. The BSE Sensex closed 52.01 points up at 67519.0. Traders piled up positions in Aquaculture, Sugar, Telecommunications, Beverages — Alcoholic and Metals — Non Ferrous sectors, while selling was witnessed in Banks, Power, Building Materials, Irrigation & Allied Services and Tobacco sectors during the day.

NEW DELHI : The World Bank’s vision is being redefined to eradicate poverty on a “liveable planet" as part of ongoing reforms, its president Ajay Banga said on the sidelines of the New Delhi G20 summit, which has pledged to make multilateral lending work for poverty. “There’s a lot of work going on with the World Bank on the reform agenda.

New Delhi: World Bank president Ajay Banga said that the bank’s vision was being redefined to eradicate poverty on a livable planet as part of the ongoing reforms agenda, and include climate, fragility, pandemic and other elements that the world’s markets were experiencing. He said that the reforms were a continuing process towards which the institution was deeply committed.

Benchmark NSE Nifty closed 92.9 points up at 19819.95 amid buying in frontline bluechip counters. However, stocks such as Penta Gold, Sandur Manganese, Brookfield India Rea, Parin Furniture and Mohini Health & Hygi, touched their fresh 52-week lows. Overall, 32 shares ended in the green in Nifty50 index, while 18 closed in the red. In the Nifty 50 index, Coal India Ltd, NTPC, BPCL, Tata Motors and L&T were among top gainers during the day, while Eicher Motors, UPL, Apollo Hospital, UltraTech Cem.

Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks. 

Benchmark NSE Nifty closed 116.0 points up at 19727.05 amid buying in frontline bluechip counters. However, stocks such as Penta Gold, Bombay Metrics Suppl, Redtape L, Atam Valves and Pyramid Technoplast, touched their fresh 52-week lows. Overall, 33 shares ended in the green in Nifty50 index, while 17 closed in the red. In the Nifty 50 index, Coal India Ltd, L&T, IndusInd Bank, SBI Life and Tech Mahindra were among top gainers during the day, while Tata Consumer, Britannia, Sun Pharma, Infosys and M&M ended in the red. The BSE Sensex closed 385.04 points up at 66265.56. Traders piled up positions in Mining, Term Lending Institutions, Glass, Construction and Telecommunications sectors, while selling was witnessed in Banks, Irrigation & Allied Services, Fertilisers, Building Materials and Metals — Ferrous sectors during the day.

Punjab National Bank (PNB) has announced the inclusion of India's Central Bank Digital Currency (CBDC) with Unified Payments Interface (UPI) Interoperability in its Digital Rupee mobile application, according to the bank press release. Customers of PNB can now pay their vendors using the UPI QR code by scanning it using the PNB Digital Rupee app, or utilise it to finish a transaction at a vendor outlet. Users of the PNB Digital Rupee App can use their CBDC Wallets to make purchases on the UPI QR of these merchants even if they don't have a CBDC Wallet. The app with this new feature is already live for Android users on the Play store, and it will soon go live for iOS users as well.How it works Digital Rupee known as "eRupee" is issued as legal tender by the Reserve Bank of India. It functions exactly like a sovereign currency and is interchangeable 1:1 with paper money. This electronic wallet will function on your device similarly to your physical wallet and be linked to your bank account.

One of the largest South Korean banks, KEB Hana Bank, is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company.

Benchmark NSE Nifty closed 93.5 points up at 19528.8 amid buying in frontline bluechip counters. However, stocks such as CMI Ltd, Penta Gold, Rajvir Ind, FutureLifestyleFash and Sanco Industries, touched their fresh 52-week lows. Overall, 31 shares ended in the green in Nifty50 index, while 19 closed in the red. In the Nifty 50 index, Coal India Ltd, Wipro, HCL Tech, UltraTech Cem.

Benchmark NSE Nifty closed 93.65 points down at 19253.8 amid selling in frontline bluechip counters. However, stocks such as TCNS Clothing, Allcargo Terminals, Penta Gold, Vedanta and SS Infrastructure, touched their fresh 52-week lows. Overall, 13 shares ended in the green in Nifty50 index, while 37 closed in the red. In the Nifty 50 index, Maruti Suzuki, Cipla, HDFC Life, Titan Company and Hindalco were among top gainers during the day, while Adani Ent., Adani Ports SEZ, BPCL, Eicher Motors and Britannia ended in the red. The BSE Sensex closed 255.84 points down at 64831.41. Traders piled up positions in Telecommunications, Electric/Electronics, Engineering, Cables and Consumer Durables sectors, while selling was witnessed in Banks, Irrigation & Allied Services, Shipping, Building Materials and Term Lending Institutions sectors during the day.

Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million. 

Reserve Bank of India urged the directors of Urban Co-operative banks to further strengthen governance practices emphasizing the importance of a professional Board of Management as the quality of governance was the most important aspect in ensuring stability of individual banks. The Reserve Bank stressed the need to strengthen the three pillars supporting pillars of compliance, risk management, and internal audit. The quality of governance was the most important aspect in ensuring stability of individual banks said RBI governor Shaktikanta Das ,addressing a conference of directors on the Boards of Tier 3 and 4 Urban Cooperative Banks (UCBs) in Mumbai Zone on the theme ‘Governance in Banks — Driving Sustainable Growth and Stability’. He noted that while the financial performance of the UCB sector improved at an aggregate level in recent times, concerns and vulnerabilities are seen for certain individual entities.

The proposal will require large banks with total assets of $100bn or more to maintain a layer of long-term debt.

Benchmark NSE Nifty index rose 31.05 points to 19337.1 amid buying in frontline bluechip stocks. However, stocks such as Penta Gold, Omaxe, Rajesh Exports, Rajnandini Metal and Accuracy Shipping, touched their fresh 52-week low. Overall, 37 shares traded in the green in Nifty50 index, while 13 traded in the red. In the Nifty 50 index, Tech Mahindra, UPL, Power Grid, Hero MotoCorp and JSW Steel were among top gainers, while Bharti Airtel, IndusInd Bank, Axis Bank, RIL and Dr.

Banks will be closed in Orissa, Tamil Nadu, Andhra Pradesh, Bihar. September 7 – Janmashtami (Shravan Vad-8)/Sri Krishna Ashtami Banks will be closed in Gujarat, Madhya Pradesh, Chandigarh, Sikkim, Rajasthan, Jammu, Bihar, Chhattisgarh and Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar. September 8 – G-20 Summit 8 Banks will be closed in Delhi due to the G20 Summit. September 18 – Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi Banks will remain closed in Karnataka and Telangana. September 19 – Ganesh Chaturthi/Samvatsari (Chaturthi Paksha) Banks will be closed in Gujarat, Maharashtra, Orissa, Tamil Nadu, and Goa. September 20 – Ganesh Chaturthi (2nd day)/Nuakhai Banks will remain closed in Orissa and Goa. September 22 – Sree Narayana Guru Samadhi Day Banks will remain closed in Kerala. September 23 – Birthday of Maharaja Hari Singh Ji Banks will remain closed in Jammu and Kashmir. September 25 – Janmotsav of Srimanta Sankardeva Banks will remain closed in Assam. September 27 – Milad-i-Sherif (Birthday of Prophet Muhammed) Banks will remain closed in Jammu and Kerala. September 28 – Eid-E-Milad/Eid-e-Meeladunnabi - (Prophet Mohammad's Birthday) (Bara Vafat) Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh and Jharkhand. September 29 – Indrajatra/Friday following Eid-i-Milad-ul-Nabi Banks will remain closed in Sikkim, and Jammu and Srinagar.

Benchmark NSE Nifty closed 120.9 points down at 19265.8 amid selling in frontline bluechip counters. However, stocks such as Sadhana Nitro, Penta Gold, Hotel Rugby, Yasho Industries and Zeal Global Services, touched their fresh 52-week lows. Overall, 9 shares ended in the green in Nifty50 index, while 41 closed in the red. In the Nifty 50 index, Bajaj Finserv, Bajaj Finance, Asian Paints, ONGC and Bharti Airtel were among top gainers during the day, while Dr.

trade deal before Rishi Sunak's visit to India in September, UK government insiders have indicated that there are no expectations for a full deal to be reached by then. While officials express hope that a deal could be within reach in the coming months, they emphasise that there are still significant challenges to overcome. Also read: G20 Summit: Banks in Delhi to remain closed on THESE dates A trade agreement with India has long been considered a coveted goal for the UK, particularly after Brexit.

Delhi government also announced public holidays in schools from 8-10 September. As per the orders that are yet to receive the LG's nod, all offices of the city government and the Municipal Corporation of Delhi and private offices will remain closed.

Benchmark NSE Nifty index rose 31.4 points to 19427.85 amid buying in frontline bluechip stocks. However, stocks such as Jio Financial Servic, Penta Gold, Allcargo Terminals, Rachana Infrastructu and Yasons Chemex Care, touched their fresh 52-week low. Overall, 28 shares traded in the green in Nifty50 index, while 21 traded in the red. In the Nifty 50 index, Hindalco, Divis Labs, Axis Bank, L&T and Tata Steel were among top gainers, while Sun Pharma, Adani Ent., ITC, Adani Ports SEZ and Tata Motors traded in the red. The BSE Sensex was trading 98.78 points up at 65318.81 at 11:26AM(IST). Traders were seen piling up positions in Telecommunications, Trading, Infrastructure, Paper and Aquaculture sectors, while selling was visible in Banks, Petrochemicals, Building Materials, Irrigation & Allied Services and Agriculture/Horticulture/Livestock sectors.