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Banking & Insurance Economic & Finance

What Does First Citizens Bank’s Acquisition of Silicon Valley Bridge Bank Mean for Customers?

A purchase agreement was entered into between First Citizens Bank and Trust Company of Raleigh, North Carolina and Silicon Valley Bridge Bank, National Association, according to the US Federal Deposit Insurance Corporation (FDIC). In a major development in the on-going US banking crisis, First Citizens has acquired Silicon Valley Bank (SVB). As per updates, the […]

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Banking & Insurance Commodities & Currency Cryptocurrency Digital Money Economic & Finance Market Overview

The Indian banking sector is well regulated and well supervised: RBI Governor

Shaktikanta Das, the governor of the Reserve Bank of India(RBI), gave the country’s banking system a thumbs-up, stressing the importance of banking sector regulation and supervision in light of recent developments in the US. “India has a well-regulated and well-supervised banking sector. The same would apply to the NBFC sector and other financial entities under […]

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Banking & Insurance Economic & Finance Press Releases

CHOLA MS CROSSES RS. 4388 CRORES IN PREMIUMS DURING FY 2020-21

Cholamandalam MS General Insurance Company Limited (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan has achieved a Gross Written Premium of Rs. 4388 crores during FY 2020-21 drawing level with the previous year’s volumes despite the pandemic related lockdown and economic slowdown. Chola MS has a market share […]

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Banking & Insurance Digital Money Economic & Finance Market Overview Retail Technology

What’s in Store for Credit Card Payments in the World of Tomorrow

In this day and age, there are many payment options out there that are widely accepted across the globe. Of course, credit card payments are one of them. Lots of people prefer plastic when it comes to paying in stores or online. What’s more, credit and debit cards are highly convenient. Especially now, during these […]

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Banking & Insurance Commodities & Currency

RBI May Support Free falling Rupee by Hiking Rates by 50 BP

Indian Currency is continuously low down, the rupee lost 0.32%, which landed it on 71.99 per dollar. RBI is on a mission to save the money from meeting a terrible fate. On Thursday, the rupee hit an all-time low of 72.11, which marked the eighth day of the trend of loss encountered by the Indian […]

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Banking & Insurance

In Line with Digitization…Indian Banks and Insurance Co. Go Increasingly Digital

The push for digitization in India by Prime Minister Modi is certainly having the desired impact. The Indian banking and insurance sector are toeing the line and have gone digital to get a direct connection with the consumer. This was one of the observations made by Sandie Overtveld, Vice-President Sales for the Asia Pacific at […]

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