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Mumbai: The RBI has revised governance norms for banks boards, narrowing their role to strategy, risk oversight and corporate governance while empowering specialised board committees to handle a host of routine, operational matters. The amendments, which come into effect from October 1, follow draft proposals released in April and are aimed at allowing directors to…
Stonebridge has reported weaker mortgage demand in the second quarter as higher borrowing costs and affordability pressures weighed on the market. The network said conditions could improve later this year if inflation and funding costs ease. Stonebridge’s latest Mortgage Market Index shows mortgage applications fell 18.5% year-on-year between April and June. Remortgage applications dropped 20.8%,…
The United States does not lack instant payment rails. It lacks a simple, universal front door to them. That is the larger significance of X9.150, a new American national standard for merchant-presented payment QR codes, published Tuesday (July 14) by the Accredited Standards Committee X9. The specification creates a common structure for dynamically generated codes…
CNBC’s Jim Cramer said Tuesday that today’s stock market is nowhere near the kind of bubble that preceded the dot-com crash. While companies such as SpaceX may fuel perceptions of excess, Cramer argued they are exceptions to the rule, rather than representative of the broader market. “There are always outliers,” the “Mad Money” host said….
Trump confirms US held talks with Iran, urged Tehran to reach a deal !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Statistical Notice Background The Bank of England would like to remind firms that the updated Bank of England Statistics Taxonomy v1.3.1 is due for LIVE submissions relating to end-May data, due from mid-June 2026. This update follows the release of the public working draft and subsequent feedback received from firms. The updated taxonomy includes technical…
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Recapping a crude Tuesday: Oil prices climb to one-month high as Middle East conflict escalates !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
The Reserve Bank of India (RBI) on Tuesday proposed to remove the requirement for mutual funds, insurance companies and pension funds to seek fresh approval each time they acquire a major shareholding in the same bank, introducing instead a one-time approval mechanism. Under the existing framework, these entities must obtain prior RBI…
The government has been asked to commit to publishing the final Commonhold and Leasehold Reform Bill by autumn after failing to respond to a report on the draft bill. Housing Secretary Matthew Pennycook wrote to the Housing, Communities and Local Government (HCLG) Committee, saying the government would be unable to respond to its report…