The central bank prepared the scheme under its supervision to protect depositors and ensure financial stability after the normal operations of the five banks collapsed due to long-standing ...

The Bangladesh Bank (BB) today introduced a comprehensive Bank Resolution Scheme, setting out who will get priority access to ...

The five troubled Islamic banks, now in the process of a mega merger, began repaying depositors’ their funds, in a sign of ...

The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost ...

Most branches of the five lenders reported normal banking activity, hinting at growing depositor confidence in the newly ...

Punjab National Bank shares fell 3% to ₹116.60 after reporting a ₹2,434 crore fraud linked to SREI companies but later ...

Bangladesh Bank sent letters on Monday regarding this matter to First Security Islami Bank, Social Islami Bank, Global Islami ...

NCLAT ruled that the Committee of Creditors (CoC) cannot modify an approved resolution plan for reallocation of funds to ...

NCLAT has ruled that the Committee of Creditors cannot alter fund distribution under a resolution plan after approval, dismissing Bank of Baroda’s plea.

The PSU bank had reported a fraud of over Rs 2,000 crore to the Reserve Bank of India against the erstwhile promoters of two ...

If plans are made to provide liquidity support, liquidate or merge finance companies, such actions will be implemented in accordance with the ordinance.