News

Credit Suisse accessed billions in

liquidity last weekend, Swiss
finance minister says
ZURICH, March 25 (Reuters) - Credit Suisse (CSGN.S) tapped the
Swiss National Bank for "a large multi-billion amount" last weekend
to secure its liquidity, the country's finance minister Karin Keller-
Sutter told Swiss broadcaster SRF on Saturday.
The troubled Swiss bank had said last week it intended
to borrow up to 50 billion Swiss francs from the country's central
bank to boost its liquidity.

https://www.reuters.com/business/finance/credit-suisse-accessed-
billions-liquidity-last-weekend-finance-minister-2023-03-25/

FinMin asks PSBs to monitor and make

provisions for pledged company shares

Ministry, however, is confident about the resilience of PSBs as they have a

liquidity position well above regulatory norms, diversified deposits and asset
base, and robust regulatory framework

https://www.business-standard.com/finance/news/finmin-directs-psbs-to-monitor-provision-for-
pledged-shares-of-companies-123032600330_1.html
Meet Radha Vembu, the richest self-made
woman who earns Rs 8 crore per day;
Know about her net worth & lifestyle

Radha Vembu, the sister of Zoho CEO and co-founder Sridhar Vembu has managed to
climb a whopping 103 ranks over the last year and has become the second richest self-
made woman in the world from software and services. The list includes 247 self-made
women, with 81 percent of them from China.

https://www.financialexpress.com/lifestyle/meet-radha-vembu-the-richest-self-made-
woman-who-earns-rs-8-crore-per-day-know-about-her-net-worth-lifestyle/3019848/

Bajaj Finance, Cathay Financial weighing

CBA Indonesia bids: Reports
The Indian and Taiwanese companies have had talks with advisers about
potential offers for PT Bank Commonwealth, the people said

https://www.business-standard.com/article/companies/bajaj-finance-cathay-financial-weighing-cba-
indonesia-bids-reports-123032400494_1.html

Euler Finance Hacker Sends 51,000 Stolen Ether

Back to Protocol
The hacker behind Euler Finance’s $200 million exploit earlier this month returned
a majority of the stolen funds to the protocol today.
Euler's native EUL tokens were up 25% in the past 24 hours, with the majority of
the move coming after the hacker returned tokens to the protocol – which may
have fueled positive sentiment among traders.

https://www.coindesk.com/tech/2023/03/25/euler-finance-hacker-sends-51000-ether-back-to-
protocol/

Will govt hike PPF, Sukanya Samriddhi

schemes’ interest rates in April 2023 ?

Interest rates of small savings schemes including PPF, Sukanya Samriddhi Yojana account (SSY), Senior Citizen Savings
Scheme (SCSS), and National Savings Certificates (NSC) are due for revision at the end of this month. The rates will be
applicable for the April-June quarter of FY2023-24. Will the interest rate of Public Provident Fund and Sukanya Samriddhi
Yojana increase this time?

Read more at:

https://economictimes.indiatimes.com/wealth/personal-finance-news/ppf-interest-rate-sukanya-samriddhi-
interest-rate-will-govt-hike-ppf-sukanya-samriddhi-schemes-interest-rates-in-april/articleshow/98986324.cms?
utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Battery maker Northvolt in talks

for over $5 billion in financing:
Report
Northvolt has so far raised billions via debt issuance to fund its factory
investments, including $1.1 billion in convertible notes last year that
have helped it ramp up production at its gigafactory in Skelleftea,
Sweden.

https://www.moneycontrol.com/news/business/battery-maker-northvolt-in-talks-for-over-5-billion-
in-financing-report-10312441.html

Debt mutual funds lose tax benefit in

finance bill tweaks
Moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, Union
finance minister Nirmala Sitharaman told the House that the legislation brought in
several provisions that are “helpful for the middle class and for the community as a
whole”.

https://www.hindustantimes.com/india-news/debt-mutual-funds-lose-tax-benefit-in-finance-bill-
tweaks-101679682028467.html

Rules for winding up big banks do

not work, Swiss finance minister
warns

In an interview with Swiss newspaper NZZ on Saturday, Karin Keller-Sutter — who was at the centre
of Swiss authorities’ rush to rescue Credit Suisse last weekend — said following the emergency
protocols that are at the centre of the regulatory architecture for big banks “would have triggered an
international financial crisis”.

https://www.ft.com/content/2cfaaf47-101c-4695-92e5-b66b6abe777e