After long silence, Mattis denounces Trump and military response to crisis

By Administrator_India Capital Sands After long refusing to explicitly criticize a sitting president, former Defense Secretary Jim Mattis accused President Donald Trump on Wednesday of trying to divide America and roundly denounced a militarization of the U.S. response to civil unrest. The remarks by Mattis, an influential retired Marine general who resigned over policy differences […]

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Crypto back on track? SC allows banks to provide cryptocurrency services; sets aside RBI prohibitions

Crypto back on track? SC allows banks to provide cryptocurrency services; sets aside RBI prohibitions

By Ritu Capital Sands The Supreme Court on March 4 allowed banks and financial institutions from providing services related to cryptocurrencies by setting aside the Reserve Bank of India’s 2018 circular which had prohibited them. The order is likely to come as a big relief to virtual currency (VC) proponents in the country. Cryptocurrencies are digital […]

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FM warns banks against trusting credit scores of loan seekers ‘blindly’

By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman on Wednesday told state-owned banks to not “blindly” trust the credit scores of loan seekers, and to focus on improving branch-level connect with customers. Her suggestions came on a day she launched a new set of reform measures for public sector banks (PSBs), aimed at enhancing the role of technology. The FM said […]

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