BLOOMBERG  JPMorgan Chase & Co has tied up with six Indian banks to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub. “We will be running a pilot project for the next few months as we need to analyse banks’ experience,” Kaustubh Kulkarni, senior country officer, India and vice chairman, Asia Pacific at ...

BLOOMBERG  Large US banks may face a 20% average increase in capital requirements from upcoming rule proposals as the collapse of several smaller lenders this year adds urgency to a push to bolster the industry’s financial strength, according to the Wall Street Journal (WSJ). The revised requirements could be proposed as early as June, and the specific increases will depend ...

BLOOMBERG  The Reserve Bank of India (RBI) may face growing pressure to defend a key level for the rupee as its interest-rate pause looks set to weigh on the currency. The rupee is poised to test the 83-per dollar mark in the near term if the central bank remains on hold and changes its stance to neutral, effectively signaling an ...