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Standard Chartered is under the Reserve Bank of India's (RBI) examination due to identified deficiencies in its risk management procedures and irregularities in the sale of derivatives. The concerns were raised after sales of target redemption forwards to small and medium enterprises, where buyers were allegedly not fully informed about potential risks, leading to scrutiny of the bank's processes.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Z21uYq0
Starting July 1, 2025, ICICI Bank is set to revise service charges across various banking transactions. These revisions include fees on demand drafts, ATM usage, cash deposits and withdrawals, and debit card services, impacting both metro and non-metro customers. While some exemptions are provided for senior citizens, most services will see increased charges.
Customers with bank lockers risk losing access if they don't sign revised rental agreements, with about 20% facing potential denial due to missed deadlines. Banks are seeking authorization to issue final notices and seal lockers for non-compliance, as the RBI monitors adherence to updated guidelines.
Gold price prediction today: Gold prices are volatile due to Middle East tensions and speculation about Federal Reserve rate cuts. Gold has surpassed the euro as the second-largest reserve asset, fueled by central bank buying. Focus remains on geopolitical events and upcoming Fed meetings, which will influence gold's trajectory, while domestic demand in India is currently subdued.
