The State Bank of India (SBI) issued $650 million in green bonds on the India International Exchange (India INX) and the Luxembourg Stock Exchange(LuxSE) on November 22. This dual listing is in line with 2021’s topic of the World Investor Week (WIW), ‘sustainable finance’, as ...

Global terror financing watchdog Financial Action Task Force (FATF) has retained Pakistan and added three more countries to its Grey List. In a briefing, FATF president Marcus Pleyer said that three new countries — Turkey, Jordan, and Mali — have been added to the Grey List.  Pakistan has ...

SME lender and fintech Rupifi has partnered with non-banking financial company Muthoot Finance aims to power 15 million small and medium-sized enterprises with access to instant credit in the next few years. The companies started this partnership earlier this year ...

Finance Minister Nirmala Sitharaman and her American counterpart, Treasury Secretary Janet Yellen, participated in the 8th U.S.-India Economic and Financial Partnership on October 14, 2021. India and the US reaffirmed their commitment to raising $100 billion annually from public and ...

The Asian Development Bank (ADB) has announced it is elevating its ambition to deliver climate financing to its developing member countries (DMCs) to $100 billion from 2019–2030.  Earlier in 2018, ADB had announced an $80 billion goal for climate financing for developing countries in Asia ...

Piramal has completed the acquisition of Dewan Housing Finance Limited (DHFL) for Rs 34,250 crore which includes a cash component and non-convertible debentures. This is the first successful resolution of a financial services company under the Insolvency and Bankruptcy Code (IBC). ...

Union Finance Minister has inaugurated Doorstep Banking Services by Public Sector Banks (PSBs) to provide the convenience of banking services to the customers at their doorsteps. Daily Current Affairs Quiz 2020 Key-Points As part of the EASE Reforms, Doorstep Banking Services is envisaged ...

The Economic Advisory Council of the Fifteenth Finance Commission (XIV-FC) has been scheduled to meet on 23-24 April 2020. The online meeting will be presided by Chairman of the 15th Finance Commission Shri  N.K. Singh. The meeting will be attended by all the Members, Senior Officials of the ...

Walmart Labs, the technology part of the global retail giant Walmart, has acquired two Bengaluru-based startups, FloCare and BigTrade. While, the healthtech startup FloCare will be integrated into customer technology part of Walmart’s online pharmacy, BigTrade, which is a B2B wholesale trading ...

Securities and Exchange Board of India (SEBI) decided to review the current framework of margins. The capital markets regulator set up a working group It is headed by NSE Clearing Ltd. Their aim to look into the issue and submit its recommendations to the Secondary Market ...