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Rising debt, non-bank finance may limit ECB policy flexibility, says SchnabelRising public debt and growing non-bank financial institutions could constrain the European Central Bank's ability to manage inflation, ECB...
SBI-led banking alliance comes together to mount a defence to AI threatsIndian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on ...
Democrats’ Senate win could shield Federal Reserve from Trump’s influence, but risks persistDemocrats’ midterm victory could strengthen the Federal Reserve’s independence by limiting President Donald Trump’s ability to appoint alli...
India cybercrime agency warns financial firms on AI attacks"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine ...
Sebi eases KYC norms for NRIs, OCIs, allows digital onboarding from December 3SEBI has relaxed KYC requirements for NRIs, OCIs and foreign nationals, allowing eligible overseas clients in FATF-compliant countries to c...
PFRDA aims NPS expansion via banks, UPI integration; eyes corpus of around Rs 100 lakh crore by 2040The regulator is looking to accelerate growth beyond the organic expansion of the pension market by using the existing digital financial in...
Equitas Small Finance Bank shares jump 9% after Balaji Nuthalapadi’s appointment as interim CEOThe bank further said that appointment of Nuthalapadi as interim CEO, consequent to the resignation of P. N. Vasudevan as the MD & CEO, sha...
RBI sets up panel with banks, market players to review financial market issuesIndia's central bank has formed a technical consultative committee to engage with market participants on financial issues. This committee w...
China Banks' applications for PBOC stock loan scheme exceed 200 billion yuanChina's central bank said applications for loans under its stock-purchase financing scheme have exceeded 200 billion yuan. The PBOC has als...
Nikkei slides to 3-month low as AI stocks tumble on US election jittersJapan's Nikkei index took a hit as AI-driven stocks plummeted following the aftermath of the US elections, raising alarms over potential De...
CCI clears Kotak-Deutsche deal, KKR vehicle's Gentari investmentKotak Mahindra Bank has received approval for the acquisition of Deutsche Bank's retail and wealth management business. The acquisition wil...
China stocks edge higher as reports of market support lift sentimentChina’s stock market edged higher after reports that regulators would discuss measures to support capital markets. However, concerns over s...
Crypto cards enter RBI's radar as Indians use offshore wallets for everyday paymentsOffshore crypto cards that allow Indian residents to spend digital assets on domestic purchases and withdraw cash have come under the scrut...
Govt sets up banking committee under Suresh N Patel to chart reforms for Viksit BharatThe government on Friday constituted a High Level Committee on Banking for Viksit Bharat, appointing former Central Vigilance Commissioner ...
Sebi issues final order against Axis Capital, imposes regulatory censure; Axis Bank shares fall over 1%SEBI has issued a regulatory censure against Axis Capital, concluding proceedings linked to September 2024 restrictions. The regulator note...
AU Small Finance investigating potential data leak involving SaaS platformAU Small Finance Bank is investigating a potential data leak involving a Salesforce-managed software platform that holds limited informatio...
RBI tightens cyber checks on lenders after spate of hacksIndia's banks are facing increased scrutiny from the Reserve Bank of India regarding rising cyberattacks and AI risks. Recent incidents inc...
SC cracks down on banks, seeks mandatory payouts to cyber fraud victimsThe Supreme Court has questioned the Reserve Bank of India's effectiveness in preventing digital fraud. Financial institutions must be held...
Equitas Small Finance Bank chief PN Vasudevan plans exit over perceived conflict involving daughter's NBFCPN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank highlights pressing concerns over ...
Don’t bank on RBI alone: The investor protection gap in India’s banking systemRBI imposes strict regulations on banks to ensure transparency for depositors and investors. However, listed banks often fail to provide ti...