Why do we take sides in the Russia-Ukraine war even as we watch a civilisation being bombed? There is something core in us which has polarised, lost its humanity and decayed.
State Bank of India is buying out Canara Bank’s stake in the joint venture company in Russia and shutting its representative office in Paris as part of the strategy to rationalise its international business.
Banks are often ruthless when it comes to loan defaulters. But this is the story of a bank extending a helping hand to a defaulter to rebuild his broken life.
Two-day strike has impacted banking services and about 20 lakh cheques worth Rs 18,000 crore could not be cleared, said AIBEA general secretary C H Venkatachallam.
Indian banks will have to deal with smaller Russian banks to route transactions; larger Russian banks like Sherbank and VTB have come under sanctions imposed by the US and its Western allies.
Future Retail lenders are approaching Debt Recovery Tribunal to recover secured assets; some banks looking to invoke personal guarantees of Kishore Biyani.
Rise in oil prices, dollar shortage and weak equity markets will put further pressure on rupee as it sinks to all-time low. Will RBI with high forex reserves be able to shield currency from deep fall?
Sunflower oil prices have shot up by 20% as the Russian invasion of Ukraine has destroyed grinding and processing units in the war-ravaged country.
As Russia continues bombing Ukraine, stock markets and currencies witness sharp fall while demand for safe-havens such as gold surge substantially.