CBI files Rs 48 cr bank fraud case against Jaipur company directors and promoters

The Central Investigation Agency informed (Representative) that the investigation into the matter is ongoing New Delhi: The CBI has charged five individuals, including a Jaipur-based private company, its directors and promoters and others, in connection with bank fraud amounting to approximately Rs 48.06 crore. The company, which manufactures and repairs distribution transformers, allegedly conspired to … Read more

Bank of England keeps interest rates at 5.25% to ease pressure on homeowners

Sign up for our free morning headlines email The Bank of England kept interest rates at the same level on Thursday as it continues to await further evidence of falling inflation. Ahead of Thursday’s announcement, financial markets overwhelmingly forecast that the benchmark rate would remain unchanged at 5.25% for the fifth consecutive time. Click here … Read more

Bank of England expected to keep interest rates on hold despite sharp fall in inflation – Live

Bank of England governor Andrew Bailey is keen to get inflation down to his 2% target (AFP or licensor) Sign up for our free morning headlines email Despite falling inflation, the Bank of England is expected to keep interest rates unchanged in a statement on Thursday. Inflation fell to 3.4% in February, down from 4% … Read more

Reserve Bank of India announces that India can maintain growth of 8% or higher

Mumbai: An article on “economic conditions” in the March Bulletin released by the Reserve Bank of India on Tuesday said that India can maintain an annual GDP growth of 8% and that favorable macroeconomic configuration may become a springboard for upgrading the country’s growth trajectory. During 2021-24, gross domestic product (GDP) growth will average over … Read more

The Bank of Japan abandons aggressive policies and raises interest rates for the first time in 17 years

The Bank of Japan (BOJ) ended eight years of negative interest rates and the remnants of other unorthodox policies on Tuesday, enacting a historic shift away from its focus on reflating the economy through decades of massive monetary stimulus. Analysts said that while it was Japan’s first rate hike in 17 years, rates remained around … Read more

U.S. Sanctions Network Smuggling U.S. Technology to Iran’s Central Bank

Washington — The U.S. Treasury Department announced sanctions against a network of dozens of U.S. companies and individuals that facilitated illegal technology transfers to Iranian entities, including Iran’s central bank. The U.S. Treasury Department said in a statement on Friday that the sanctions involve the Information Services Company (ISC), the technical arm of the Central … Read more

Paytm Payments Bank is closed today.Click here for details

The Paytm app will continue to work even after March 15. Paytm, a major player in India’s fintech space, is facing a setback as its banking arm Paytm Payments Bank Ltd (PPBL) has stopped critical services from today. Earlier, the Reserve Bank of India imposed restrictions on the bank citing serious violation of rules. Customers … Read more

‘Lack of planning’ and engineers working remotely added to bank holiday air travel chaos, report says

Investigators say a “lack of planning” and engineers working from home caused chaos in air travel for more than 700,000 passengers. hundreds of flights Canceled, thousands stranded On August 28 last year, he traveled abroad due to an air traffic control (ATC) system failure. Monday is a bank holiday and one of the busiest days … Read more