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A Central Bank Digital Currency? The Bank of England Ponders Proposal

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In proposals, BoE sees prospect to increase “expensive, slow, and opaque” cross-border payments program

The BoE (Financial institution of England) this month introduced a 57-site discussion paper entitled “Central Financial institution Digital Currency, Possibilities, worries and design”, outlining the long run of payments in the Uk and the worldwide implications of electronic currencies.

BoE Governor Mark Carney released the doc stating “A CBDC could deliver homes and firms with a new kind of central lender income and a new way to make payments” even though also elevating some “significant worries for keeping monetary and economic stability”.

What

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RBL, Bandhan Bank fall below IPO price; stocks hit new lows


Shares of RBL and Bandhan Bank hit new all-time lows, falling below their respective initial public offer (IPO) prices, on the BSE on Monday after a sharp sell-off in the equity markets.


Individually, RBL Bank slipped 18 per cent to Rs 212 in the intra-day trade, to hit its lowest level since its listing on August 31, 2016. The stock of the private sector lender fell below its issue price of Rs 225 per share.



Analyst at JP Morgan, rate RBL Bank ’underweight’ as the brokerage firm believes that the bank’s valuations would stay

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Yes Bank crisis: Indiabulls Housing says bank owes it Rs 662 cr in bonds


Indiabulls Housing Finance on Sunday said Yes Bank owes Rs 662 crore in the form of bonds to the company and it has no term loans outstanding from the lender.


“We wish to inform that Yes Bank owes to Indiabulls Housing Finance Rs 662 crore via additional tier 1 (AT-1) bonds,” it said in a regulatory filing.



The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value,

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Unions fear bank officers may be hauled up if farm loans turn sour

The four officers’ unions in condition-owned banking companies have jointly written to the Indian Banks’ Association (IBA) expressing apprehension that their members may well be hauled above the coals if the financial loans offered to smaller and marginal farmers (SMFs) all through the two-week campaign (February ten to 24) convert bitter later on.

The worry of the unions stems from the fact that the campaign for saturating Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) beneficiaries with Kisan Credit rating Cards (KCC) has been undertaken in the off season for crop cultivation in main parts.

Diversion of funds

Hence, they alleged that

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