The decision, Indian media reported, is based on a preliminary internal investigation of the Paytm rival that has yielded indications of financial fraud

The bank said it wrote off 16.62 billion rupees, which included loans in consumer and microfinance portfolios

While Bank of Japan has made no decision yet on own digital currency, it is proceeding with experiments and a plan to deliberate on specific designs of one, Governor Haruhiko Kuroda said

The financing - which brought the company's valuation to more than $8 billion - was co-led by D1 Capital Partners and Spark Capital

The debut follows the official launch of Scotch & Soda’s first digital store on Tmall in China last autumn

The company said it would compete with large banks and non-bank lenders by offering unsecured trade finance with lines of up to $5 million

Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy

The pressure keeps piling on the Indian payments giant which after its IPO debacle must now deal with gloomy predictions about its future revenues

CCTV documentary alleged private companies made “unreasonably high payments” to the brother of former CCP head in Hangzhou in return for policy incentives and support in buying real estate

Earlier, rival photo and short-video platform Instagram announced it was offering paid subscriptions to a small group of influencers

The Fed stressed it is not signalling any 'decisions about the appropriateness of issuing a US CBDC' while the Bank of Russia sought a crackdown on transactions and mining