Trump's 10% Credit Card Rate Cap: Deadline & Warning
US President Donald Trump sets a Jan 20 deadline for a 10% cap on credit card rates, warning of severe consequences for non-compliance. Banks oppose, citing legal hurdles.
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US Banks Warn Against Trump's 10% Credit Card Rate Cap
US banking groups warn Trump's proposed 10% credit card interest rate cap could restrict credit access and hurt households. Read the full analysis of the potential impact.
Sebi's New Rules to Reshape Merchant Banking
India's market regulator Sebi introduces stricter capital, revenue, and governance norms for merchant bankers, potentially forcing inactive players to exit. Learn how this will reshape the industry.
Boutique Restructuring Firm BGC Partners Dissolves
BGC Partners Advisory, a restructuring firm started by ex-Citigroup bankers, is dissolving. Its key client was Puerto Rico's financial oversight board. Read the full story for details.
Bommai: Banks Must Use Local Deposits for Regional Development
Haveri MP Basavaraj Bommai pushes banks to boost local lending, reviews key schemes, and sets a high credit-deposit target for Gadag district. Read more.
CBI Nabs Two Bankers in Delhi for Mule Account Scam
CBI arrests two Punjab National Bank officials for allegedly opening fraudulent accounts to launder cybercrime proceeds. The bankers are accused of being part of a larger network.
Dharwad CEO Bhuvanesh Patil Pushes Banks for Timely Credit
Dharwad Zilla Panchayat CEO Bhuvanesh Patil directs banks to ensure timely credit for agriculture, SHGs, and youth. Review of loan disbursement and CSR plans discussed.
RBI's Harshal Amisar Wins Inter-Bank Chess Tournament
Harshal Amisar from RBI emerged champion at the 58th Suresh Khandekar Memorial Inter-Bank Chess Tournament in Nagpur. Read about the event and winners.
Gujarat Deputy CM Calls for Bank-Police Coordination on Cyberfraud
Gujarat Deputy CM Harsh Sanghavi demands faster bank response to cybercrime helpline 1930, seeks nodal officers & joint committee to freeze fraudulent funds and protect citizens.
Jharkhand Bank CD Ratio Improves to 52.19% in 2025
Jharkhand's credit-deposit ratio climbs to 52.19%, signaling economic growth. Finance minister urges banks to focus on inclusive lending and govt schemes. Read more.
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