Recent bank failures show need for vigilance: US Federal Reserve

May 16, 2023

One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling, first collapsed on March 10, after...

After US bank failures, agencies directed to analyse deposit insurance mechanism

May 02, 2023

Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an...

US imposes fine of over USD 55 mn on National Bank of Pakistan for anti-money laundering violations

Feb 25, 2022

Washington [US], February 25 : The United States federal authorities have fined the National Bank of Pakistan (NBP), a foreign bank operating in the...

"BJP's desperate attempt to divert attention...": Siddaramaiah after RBI withdraws Rs 2,000 note from circulation

May 19, 2023

Congress leader Siddaramaiah on Friday slammed Bharatiya Janata Party (BJP) after the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from...

Government actively considering raising deposit insurance limit beyond Rs 5 lakh

Feb 17, 2025

Deposit insurance, as we know it today, was introduced in India in 1962. India was the second country in the world to introduce such...

Pakistan Air Defence System put in danger by China

Jul 20, 2021

Colombo [Sri Lanka] July 20 : Pakistan's air defence systems deployed on its eastern border is in danger due to technical failures. The system...