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Chinese AI tool pulled to prevent 'misuse' after South Korea hacksIn light of alarming bank hacks, the Chinese AI cybersecurity tool Artex has been taken offline. Major data breaches affecting tens of thou...- Weak rains clouds recovery in Rs 3.3 lakh crore microfinance sectorIndia's microfinance sector, with a market worth ₹3.30 lakh crore, is encountering credit risk hurdles. Key factors include inconsistent ra...
- Suspect behind South Korea bank hacks may be 26-year-old in China, CrowdStrike saysThe suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province, U...
- RBI brings new rule for banks to measure risks from derivatives, other such dealingsThe Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable deriva...
- Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude TrichetIndia's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Ce...
- RBI opens up Account Aggregator network, making financial data sharing easier for consumersThe Reserve Bank of India has introduced inter-operability among various Account Aggregators to simplify information sharing. Customers wil...
- Agentic AI in financial services: How banks are rethinking lending, risk and decision-makingFrom loan processing and credit assessment to fraud detection and regulatory compliance, agentic AI is changing how financial institutions ...
- Policy Dialogue: RBI builds financial market platform to debate and discussThe Reserve Bank of India is forming a Financial Market Consultative Committee for better engagement with market participants. This committ...
- One Dashboard Is Enough: RBI allows account aggregator interoperabilityMove seen easing customer acquisition across the financial system – pensions, stocks, insurance, loans, or plain-vanilla banking
- Fed plans bank-supervision overhaul to strengthen accountability, says Vice Chair Michelle BowmanThe Federal Reserve is set to realign its bank supervision system for increased accountability and efficient decision-making. Five new geog...
- S&P sees 12-14% credit growth in India despite rural stress risksS&P has projected credit growth of 12-14% in India's financial sector, emphasizing concerns about rural credit growth. The potential impact...
- Global Market | Central banks face tougher crisis-management role as public debt rises: BIS chiefBIS chief Pablo Hernández de Cos warned that future financial crises could be harder to manage amid soaring public debt, fiscal deficits an...
- Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-y...
- US warns foreign financial institutions not to do business with IranOn October 5, 2026, the US Treasury issued a warning to foreign financial institutions regarding transactions with Iran. It stated that suc...
- National Housing Bank likely to double affordable housing outlay for HFCs this fiscalNational Housing Bank plans to double the refinance and affordable housing funds for large housing finance companies. These funds will be a...
- More than half of Gen Z investors are putting investment money into sports betting - here’s why they still struggle to break evenTwo in five Gen Z adults view sports betting as an investment strategy. Betterment data shows 52% of young retail investors redirected stoc...
- South Korean president orders probe into data leaks across financial industryFinancial Services Commission (FSC) Chairman Lee Eog-weon convened an emergency meeting with financial industry associations, regulators an...
- Next financial crisis may stem from cyberattack or geopolitical shock, RBI governor saysRBI Governor Sanjay Malhotra said the next financial crisis may be triggered by geopolitical shocks, cyberattacks or technology failures ra...
- AI tools suspected in Korea’s Shinhan Bank hack, Yonhap SaysAttackers probably used sophisticated AI agents to probe for vulnerabilities and gain unauthorized access to a service used by loan recruit...
- Books, coffee and banking: Anup Bagchi the ICICI lifer set to lead HDFC BankAnup Bagchi, who has spent 34 years at ICICI Group, will join HDFC Bank as managing director. He has held various leadership roles, oversee...
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