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BANK RISK MANAGEMENT
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
PSBs told to tighten scrutiny of government accounts amid fraud concernsIn response to a staggering ₹590 crore fraud uncovered in Haryana government accounts, the finance ministry has mandated that public sector...
SBI's improving performance warrants better valuation, chairman Setty says: ReportState Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He...
Parliament panel to review India's economy amid global turmoil and growth concernsA key parliamentary committee will scrutinise India's evolving economic landscape in 2025-26, amid global conflicts and trade uncertainties...
Canadian lender TD tells some employees it will use software to monitor their workTD said in a statement to Reuters the deployment is "standard practice across the industry." "In various parts of our business, we use auto...
Canadian lender TD tells some employees it will use software to monitor their workIn a bid to refine efficiency, Toronto-Dominion Bank is introducing software to monitor employee activities in its financial crimes and ris...
South Indian Bank raises FCNR deposit rate to 6.5 pc after RBI swap windowSouth Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This mo...
RBI MPC minutes: 'Energy prices unlikely to return to pre-conflict levels,' says economist Saugata BhattacharyaThe Reserve Bank of India's Monetary Policy Committee maintained the repo rate at 5.25% with a neutral stance. External member Saugata Bhat...
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
Global Markets: Central banks stay vigilant despite oil price relief after US-Iran truceGlobal central banks remain cautious despite easing oil prices following the US-Iran truce. While lower energy costs ease inflation fears, ...
Quote of the day by Charles Ellis: "There’s an old market saying about stocks to the effect that they all go down together"Charles Ellis highlights how stocks often decline together during market stress, challenging the perceived safety of diversification. The p...
Aroop Biswas seeks freeze on TMC bank accounts, CPI(M) demands complete account freezeFormer Trinamool Congress (TMC) treasurer Aroop Biswas has sought an immediate freeze on the operation of party bank accounts, citing an on...
Agentic AI adoption drives stronger governance oversight, risk controlsIndia first: Firms prioritise domestic industry guidelines over global frameworks, remain confident on DPDP
Mutual funds cut PSU bank exposure to 8-month low in May. Warning sign or buying opportunity?Mutual funds have cut their stake in PSU banks to an eight-month low. This move has led to discussions about whether it signals caution or ...
Global Market Today: Asian shares gain as US-Iran deal takes effectUS stock futures rose as President Trump signed an interim deal to end the Iran war and reopen the Strait of Hormuz, easing energy concerns...
Kitchen staples face rising price pressure as El Nino risks growExpect higher prices for essential kitchen items like spices, eggs, and dairy. Food inflation is rising, with a potential monsoon deficit a...
Ex-Citi exec alleges she was fired after raising Trump-related compliance concerns: ReportA former Citigroup executive claims she was fired in retaliation for flagging regulatory and compliance risks. The lawsuit alleges these co...
YES Bank share price rises 3% on partnership with Northern Arc to extend lending offeringsYES Bank shares gained after the lender announced a strategic partnership with Northern Arc Capital. The collaboration aims to expand credi...
Agentic AI adoption drives stronger governance oversight, risk controlsIndian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...
RBI proposes unified framework for banks' risk, compliance and audit functionsThe Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost go...