The Banking Committee's portion of the Senate budget bill would eliminate the Consumer Financial Protection Bureau's ability ...

Senate Republicans are seeking to cut off a key funding source for the Consumer Financial Protection Bureau (CFPB) as part of ...

Speaking to the media following the Monetary Policy Committee's (MPC) rate cut announcement, RBI Governor Sanjay Malhotra ...

Nigeria’s foreign exchange earnings from diaspora remittances may suffer a major blow following the passage of a new bill in the United States that seeks to impose a 3.5 per cent tax on money ...

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

IndusInd Bank on Wednesday reported a net loss of ₹2,329 crore in the January-March quarter (Q4FY25), as it substantially ramped up provisions and reversed incorrectly booked revenue and income ...

The bill awaits a final agreement with the Senate on amendments, including a provision that would allow for donations to the reserve. New Hampshire this month enacted ...

and a significant financial provision. IndusInd Bank’s internal audit department is currently examining a series of past accounting reversals that were first raised in a whistle blower letter to the ...

Alleged non-compliance with accounting practices and a delay in rectifying discrepancies ... The blow to share prices coincides with the Reserve Bank of Unlock 30+ premium stories daily hand-picked by ...

Modification accounting is to be applied retrospectively ... Financial Institutions are permitted to maintain general reserves/ provisions over and above the ECL, worked out for Stage 1 and ...

Under the regulations, the super law states that reserves are “largely concerned with contingent events as opposed to accrued expenses and provisions for administration ... defined benefit fund ...