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The Latest Breaking News on Financial Services

Telangana continues to depend on financial accommodation facilities provided by RBI to meet requirements

In view of poor revenue receipts the government had to avail the financing options of the RBI to fund its spree of welfare programmes through most of March in the last fiscal

The Hindu

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

The Hindu

Three Considerations for Stashing Cash After Bank Failures

People are understandably nervous about the safety of their cash accounts. The three-bucket method helps you divide your funds based on when you’ll need to access them.

Kiplinger

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₹2,000 notes reach banks amid hiccups

Small queues were witnessed at some bank branches on May 23, 2023 for the exchange of ₹2,000 notes against smaller denominations as part of the withdrawal exercise.

The Hindu

Interactive map shows all the banks closing across Nottinghamshire

You can see if banks are closing or have closed in Nottinghamshire using the interactive map

Nottingham Post

Leeds bank closures mapped as 10 shutting across city in 2023 with people left with no local branch

Bank branches have been closing across the country

Leeds Live

Taking a stand: why your banking choices make a difference

Consumers have growing power when it comes to encouraging companies to act ethically

The Guardian - AU

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Bad mortgage loans rise amid rate hikes

Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.

Bangkok Post

Barclays bank slashes opening hours at most of its remaining branches

Announcement comes as bank plans to shut 122 branches, including Prudhoe, Washington, Alnwick, Seahouses and Haltwhistle

Chronicle Live

Slow withdrawal: on the RBI and the ₹2,000 note

The sudden decision by the Reserve Bank of India to withdraw the ₹2,000 notes in circulation has raised questions about the rationale

The Hindu

Fed's Kashkari says higher capital requirements would bolster banking system

After the high-profile failures of Silicon Valley Bank and Signature Bank, Federal Reserve Bank of Minneapolis President Neel Kashkari argued requiring banks to have higher capital levels could be the best solution to addressing the underlying weakness in the banking system.

Tribune News Service

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…

The Hindu

Don’t allow ₹2,000 banknote exchange without requisition slip, identity proof: PIL petition in Delhi HC

A PIL petition has been filed before the Delhi HC to not allow the exchange of ₹2,000 banknotes without requisition slip and identity proof.

The Hindu

Hundreds of Santander, Barclays, NatWest, Lloyds and HSBC banks are closing this year - the full list

460 bank branches are set to close across the UK this year - leaving 109 communities in England without a single bank on the high street

Manchester Evening News

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The Guardian - UK

UK government sells £1.26bn of NatWest shares, taking stake below 40%

State bailed out lender, formerly known as RBS Group, in near-£46bn deal during 2008 financial crisis

The Guardian - UK

Micron shares drop after China bars its chips; UK house asking prices jump – as it happened

Micron products will be banned from key infrastructure projects in China due to ‘serious network security risks’

Birmingham Post

The 21 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

Zenger

Republican Attorney Generals Cite Religious And Political Discrimination Against JPMorgan Chase

A conservative group was denied service on WePay for processing ticket sales that featured the son of Donald Trump.

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Wales Online

Intelligent Finance customers warned they need to move money before their account is closed

The bank is closing all of its current accounts this year

Bristol Post

Thousands urged to move their money as current accounts close

Intelligent Finance will close all its current accounts this year

Zenger

Federal Reserve Bank Of New York Found New Distinctions In Cross-Border Payments In New Study

The New York Federal Reserve published results from a study on major railway digital payments going to other countries.

The Hindu

₹2,000 note withdrawal will have little impact on MSME and real estate sectors, say stakeholders

The industry is likely to take the decision by the RBI, to withdraw ₹2,000 notes from circulation, in its stride and its impact on the micro and small scale industries will be negligible, said K.N. Narasimha Murthy, president, KASSIA

The Hindu

KVG Bank posts net profit of ₹40.25 crore

By recording a growth of 26.18% compared to the previous financial year, Karnataka Vikas Grameen (KVG) Bank, a leading regional rural bank, has posted a net profit of ₹40.25 crore during the fiscal year 2022-23.

Manchester Evening News

Thousands urged to move money now before current accounts close

Intelligent Finance will start closing current accounts from August 1

The Hindu

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

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