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RBI proactiveness, govt's guarantee help restore financial market stability

The good news is that financial stability has returned to the markets with a proactive RBI and a Government guarantee helping to ease the fund flow to a significant extent. In the first 4 months of the current fiscal, the CP issuances by the NBFC sector has been a sharp Rs 98,741 crore, said SBI Ecowrap.

NPCI reiterates high level of security standards & controls in place

Earlier Reuters had reported about cyber-security lapses at NPCI citing central government's internal audit. NPCI said in a statement they have state of the art controls and cyber-security measures to thwart cyber-attacks.

RBI Policy: What do economists expect?

High inflation has added confusion to the Reserve Bank’s policy outlook, but given state of aggregate demand, Rahul Bajoria of Barclays forecast the RBI will continue easing, by cutting the repo rate at least 25bp at its next policy meeting.

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Private Banks reported higher savings account deposits despite interest rates hitting an all time low amidst a lower policy rate by the central bank.

Bankers leaving Hong Kong face grim job markets and higher taxes

As China strengthens its hold, Hong Kong residents mulling an escape are coming to grips with the sacrifices they’ll face. With the global economy caught in the worst recession in almost a century, jobs are hard to find amid border tightening. Hard-earned skills, languages and contacts that helped them thrive in Asia's finance hub won’t all travel.