Tuesday, July 27, 2021
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RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank

The RBI on Monday said it has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. As per data submitted by Shivajirao Bhosale Sahakari Bank, more than 98 per cent of the depositors will receive full amount of

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RBI extends banking license of Rupee Co-operative Bank till August 31

The Reserve Bank of India has extended the banking license of the Rupee Co-operative Bank till August 31. Till March-2021, the Bank has made total recovery of Rs.263.93 crores and aggregate operating profit of Rs.70.70 crores during the last five years, a release from the Bank said. "The Bank

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Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed

Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection.GHI | Universal Images Group | Getty ImagesA century ago this week, the wealthiest U.S. Black community was burned to the ground.At the turn of the 20th

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Cryptocurrency poses a significant risk of tax evasion

R.Tsubin | Moment | Getty ImagesCrypto tax evasionBut just how does cryptocurrency lead to tax evasion?It largely comes down to lax reporting requirements, according to tax experts.The IRS may not be able to trace crypto income or transactions if they go unreported by exchanges, businesses and other third parties.

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BNP Paribas appoints Aymar de Liedekerke Beaufort as head of India operations

French bank has elevated Aymar de Liedekerke Beaufort as head of territory, India which includes the bank's back office operations and retail brokerage arm Sharekhan. This is in addition to Beaufort's current responsibility as the head of the bank's eight branches and chief of corporate and institutional banking (CIB)

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