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The Latest Breaking News on Financial Services

Supreme Court’s responsibility to protect its dignity: Kapil Sibal on SBI plea on electoral bonds issue

Rajya Sabha MP Kapil Sibal criticizes SBI's delay in revealing electoral bond details, questioning the bank's intentions.

The Hindu

Electoral bonds: SC to hear SBI's plea seeking extension to disclose details on March 11

Electoral bonds: Supreme Court to hear SBI's plea for extension on electoral bond disclosure, amid contempt allegations, on March 11.

The Hindu

Karnataka High Court imposes ₹2 lakh cost on bank for arguing that it will return documents of mortgaged property only to the original borrower knowing well that he is dead

The High Court of Karnataka imposed a cost of ₹2 lakh on a public sector bank for insisting that it would return documents of a mortgaged property only to the original borrower, who is dead, even after accepting the loan amount from the borrower’s 85-year-old father, who voluntarily came forward…

The Hindu

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Former bureaucrats ask EC not to announce Lok Sabha schedule pending electoral bonds disclosure by SBI

Former civil servants urge Election Commission to delay Lok Sabha polls until State Bank of India shares electoral bond data.

The Hindu

Electoral bonds | SBI plea seeking time till June 30 is condemnable: P Chidambaram

P. Chidambaram condemns SBI's delay in revealing electoral bond details, criticizes PM Modi's Tamil Nadu projects, promises reforms if elected.

The Hindu

ED attaches ₹376-crore assets in Bhushan Steel case

Enforcement Directorate attaches ₹367 crore assets in Bhushan Steel money laundering case, involving shell companies and fraudulent practices.

The Hindu

Dubious response: On the State Bank of India and the Electoral Bond scheme

The Supreme Court must compel the State Bank of India to furnish the information on the Electoral Bond scheme well before the general election

The Hindu

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Electoral bonds case | Five-judge Bench to hold special sitting on SBI plea for more time

Supreme Court to hear SBI's request for extension on disclosing electoral bond details, facing contempt petition.

The Hindu

So much for the challenge from ‘challenger’ banks

The uncomfortable truth is that size remains an enormous advantage in retail banking

The Guardian - UK

Propel Your Portfolio Forward With 3 Financial Stocks

The financial services sector has been bolstered by increasing individual wealth, soaring investment activity, and the rise of fintech. Against this backdrop, quality finance stocks Visa (V), Mastercard (MA), and Broadridge Financial Solutions (BR) could be solid buys to propel your portfolio forward now. Read on….

StockNews.com

SBI’s arguments for extension of time to provide details on electoral bonds are flawed: Congress

Congress criticizes SBI for delaying disclosure of electoral bond details, accusing PM Modi of hiding corporate donors.

The Hindu

Ease of Technology Can Actually Complicate Your Financial Life

From the rising threat of identity theft to making it easy to forget about automated subscriptions, technology doesn’t always make our lives easier. Here’s what to be aware of.

Kiplinger

‘Wilfully disobeyed’ SC directions: Contempt plea against SBI over electoral bonds

A contempt petition has been filed in the Supreme Court against the State Bank of India after it reportedly missed the March 6 deadline to disclose information about electoral bonds purchased and encashed since 2019, LiveLaw reported.

Newslaundry

30% of salaried women in Bengaluru experienced gender bias at workplace: Survey

Survey reveals gender bias and pay gap disparities among salaried women in Bengaluru and across India.

The Hindu

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The Guardian - US

US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups

Citi, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financing

The Hindu

Electoral bonds scheme | Modi government using SBI as a “shield” to hide dubious deals: Kharge

The Congress on March 5 attacked the Centre over the State Bank of India (SBI) moving the Supreme Court to seek more time to disclose electoral bond details, alleging that the Modi government is using the largest bank of the country as a shield to hide its “dubious dealings”.

International Business Times

Vietnam Property Tycoon On Trial In $12.5 Billion Fraud Case

A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country's biggest ever fraud case.

The Hindu

ADR says it will oppose SBI plea on electoral bonds

State Bank of India moved the Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties

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AAP

Growth report likely to show households in pain

Households have been pinching their pennies as financial pressures intensify and that weakness is likely to show up in a soft economic growth print.

The Guardian - UK

Pro-Palestinian protesters voice disgust at Sunak ‘extremist’ comments

Day of action takes place at almost 50 Barclays branches across England and Wales including one in central London

International Business Times

NYCB Stock Plummets Over 26% Amid Leadership Change And Internal Control Issues

New York Community Bancorp shares plummeted over 26% on Friday after revealing internal control issues and a leadership change.

StockNews.com

Analyzing JPMorgan (JPM) and Wells Fargo (WFC) for March: Buy, Hold, or Sell?

The Federal Reserve is expected to start cutting interest rates this year, but concerns over higher deposit costs, slower loan growth, higher funding costs, declining asset quality, and the potential of default on CRE loans continue to cloud the U.S. banking sector’s outlook. Therefore, let’s analyze whether one should buy,…

StockNews.com

Toronto-Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CM): Are They Worth Adding to Your Watchlist Ahead of Earnings?

The Toronto-Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CM) are scheduled to release their first-quarter 2024 financials on February 29. We have assessed these bank stocks’ fundamentals to determine whether investors should consider adding them to their watchlist ahead of earnings. Read more to find out….

The Hindu

Election Commission sign MoUs with Bank association and Post Office for voter outreach

The Election Commission has tied up with the Indian Banks’ Association and the Department of Posts to amplify its outreach to electors ahead of the upcoming Lok Sabha elections

The Guardian - AU

I contacted my bank to report a scam purchase. Why didn’t it cancel the transaction?

You’ve done all the right things since being scammed, writes Australian consumer law and policy professional Kat George. But there are a few more steps you can take to protect yourself and others

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