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SPECIAL BANKING ARRANGEMENTS
Can India govern AI it does not own? RBI’s model risk framework and its limitsRBI's new AI governance rules for banks place significant accountability on financial entities for all predictive models, including third-p...- Nearly 40,000 Roman coins lay hidden beneath a French village for 1,800 years until archaeologists uncovered themArchaeologists in France unearthed three ancient jars potentially holding over 40,000 Roman coins, dating back 1,800 years. The discovery b...
- Warren Buffett issued finance’s most famous warning in his best yearThe most expensive risks, Warren Buffett understood, are the ones that appear on no balance sheet and in no forecast. Until, that is, the d...
- Cover in Dubai, dollars in India, foreign banks are ready to playOverseas banks are finding a clever way to tap India's dollar demand without exceeding exposure limits. They're asking Indian banks to issu...
- NEET-UG re-exam answer sheets being evaluated, results soon: NTA SourcesThe National Testing Agency (NTA) has begun the evaluation of answer sheets for the NEET-UG re-examination, with results expected to be dec...
- Indian issuers hold dollar bond plans amid demand for higher yieldsIndian issuers, including SBI and BoB, have paused dollar bond plans as investors demand higher yields amid rising supply expectations from...
- PFC raises $300 million through five year dollar bondPower Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special sw...
- 22.7 lakh students appear for NEET re-test amid AI, CCTV and biometric vigilThe National Testing Agency (NTA) conducted the NEET-UG re-examination on Sunday for 22.7 lakh candidates at 5,440 centres in India and 14 ...
- NEET re-exam went well; we are 100 per cent confident: NTA Director GeneralMore than 20 lakh candidates appeared for the NEET (UG) 2026 re-examination on June 21 across 5,440 centres in India and 14 centres abroad....
- SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swapMajor Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion fro...
- HDFC raises $750-m ECB, first under RBI's special swap planHDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external...
- What should international students know about Germany's blocked account requirement?Germany requires international students and job seekers to open a blocked account, known as a Sperrkonto, to prove financial self-sufficien...
- The Indian workers training AI robots to take their jobsWith a smartphone strapped to her head, Nagireddy Sriramyachandra films herself slicing mangoes in her kitchen in India to train AI-powered...
- Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...
- RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
- FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
- Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...
- Apollo wraps up $35 billion debt to buy AI chips for AnthropicThe package, one of the biggest private credit transactions in history, highlights the race by top-tier financiers to fund data center cons...
- Banks seek easing of guarantee curbs to draw more NRI fundsIndian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...
- RBI efforts boost rupee usage, yet global adoption remains limitedDespite RBI's efforts to boost rupee usage in international trade, including Special Rupee Vostro Accounts, its adoption for invoicing and ...
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