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Bank of Baroda to pay $600 million to settle NMC Health insolvency claimsBank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of g...- India may push counter-terrorist financing watchdog to add Pakistan to 'Grey List'India is reportedly planning to push for Pakistan's return to the FATF 'Grey List' at the upcoming October meeting. New Delhi may present e...
- Maruti Suzuki to set up advanced manufacturing labs at 5 ITIs in GujaratMaruti Suzuki India is establishing advanced manufacturing labs at five Industrial Training Institutes in Gujarat, partnering with the stat...
- Banks, fintechs join forces to fight money laundering, terror financing under new platformIndia's financial sector has launched a new platform called ARIFAC. This brings together banks, NBFCs, payment firms, insurers, and other e...
- 84% of Indian banking leaders report rising fraud losses, AI-driven threats emerge as major concern: ReportAs artificial intelligence increasingly reshapes the financial sector, Indian banks are facing a sharp rise in fraud-related challenges, wi...
- Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Adobe takes 1.58 lakh sq ft office space in Noida amid airport-led commercial boomAdobe has secured a significant 158,000 sq. ft. office space at Max Square in Noida, a move reflecting the city's growing commercial appeal...
- International stock investment gets safer with Vested Finance as IFSCA grants it GAP license; Know what it means for Indian investorsVested Finance has transitioned to the IFSCA GAP framework, enabling Indian investors to access US stocks through GIFT City. This move intr...
- Sebi launches certification course on AML, CFT provisions to benefit securities mkt intermediariesSebi on Monday said it has launched a certification course to foster knowledge about the concepts of Anti-Money Laundering (AML) and Combat...
- RBI penalties up 88% in 3 yrs; KYC, AML top listThe number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Cust...
- Recession fears highest since 2009: BofAML surveyAmong global fund managers that BofAML surveyed, 38 per cent think a recession is likely in the next 12 months.
- Sun Pharma transfers local business from AML to new subsidiaryThis action will have no material impact on the profit or loss for FY19.
- Why Sun Pharma is under a cloud: Decoding Aditya Medisales linkA purported whistleblower letter has highlighted Sun Pharma's dealings with subsidiary AML.
- FY17 GDP to grow at 6.9 per cent, will recover to 7.2 per cent in FY18: BofAMLLooking ahead, we expect growth to end 2016-17 at 6.9 per cent and recover to 7.2 per cent in 2017-18, partly on base effects of the ongoin...
- SBI, BoB and other PSBs creating anti-money laundering framework for overseas branchesWhile the priority is to have AML framework in place in Europe and US, it is also being created in Dubai, South Africa, Mauritius and Singa...
- Money laundering, terror finance in focus at Dubai conferenceThe group recommended that financial institutions should develop a compliance programme to meet AML laws and monitor every payment to count...
- RBI may hike rate; inflation could ease in H2 of 2014: BofAMLSince taking over in early September, Governor Raghuram Rajan has hiked rates twice with an eye on inflation, which quickened to 7 per cent...
- Gemini surged unaware of BoAML's FCCB conversion denialBank of America Merrill Lynch issued a clarification to the exchanges on Nov 2 that it had not converted the FCCBs issued by Gemini Communi...
- More improvement required in FIs' AML systems: SurveyAlthough financial institutions in India have covered a large ground in anti-money laundering compliance, still significant investments and...
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