Since the United States and EU prohibited the export of their banknotes to Russia in March 2022 following the invasion of Ukraine, approximately $2.3 billion in dollar and euro bills have been transported to Russia, according to customs data reviewed by Reuters. The data, which was previously unreported, indicates that Russia has found ways to … Read more
MUMBAI: RBI governor Shaktikanta Das on Friday said that with the advent of AI, cybersecurity challenges can rise manifold, and called upon financial institutions to dedicate substantial efforts to protect customer information.Regulated entities serve as repositories of data on financial transactions, customer interactions, and operational activities, the governor said in his inaugural address at the … Read more
More than a year after disbursing loans to Adani Group’s Ganga Expressway project, State Bank of India (SBI) is in the process of downselling half of the nearly ₹11,000-crore loan exposure to the longest tolled road-project in the country. The lender is in talks with financial institutions, such as the National Bank for Financing Infrastructure … Read more
WASHINGTON – US president Joe Biden on Friday will sign an executive order allowing Washington to impose sanctions on financial institutions that help Russia evade sanctions, US Treasury Secretary Janet Yellen said. The executive order, part of a wider US crackdown on sanctions evasion, also gives Washington the ability to ban products originating in Russia … Read more