Banking News

"AI can automate decisions; but accountability cannot be automated," Krishnakumar said.

Mumbai: Higher-than-expected inflows through the FCNR(B) window will heighten liquidity issues and lead the Reserve Bank to deploy more tools to absorb the excess money, economists said on Thursday.In comments that come a day after the RBI announced that banks

India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows

America has historically faced significant debt challenges and devised new funding methods. During the Civil War, new buyers were created for government bonds

India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings under the RBI s special swap facility as of August 21. US bond yield: Will it become a new pain point?

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank

If you are investing for three years and aware of the risks associated with these schemes, you can consider investing in Banking & PSU schemes. DSP Banking & PSU Debt Fund has been in the second quartile in the last four months

Reserve Bank of India s (RBI) Deputy Governor Shirish Chandra Murmu on Wednesday underlined the importance of artificial intelligence (AI) in the banking system but emphasised that human intervention remains necessary in implementing the technology and identif

Sofia Jiang had a career start that many young graduates would consider ideal: a six-figure salary, a prestigious role at Morgan Stanley, and a clear path ahead. But four months into the job, the 23-year-old realised that the career she had worked towards was

Finance Minister Nirmala Sitharaman said the government will soon set up a high-powered committee to chart the banking sector's role in building a "Viksit Bharat", with the panel set to draw on ideas and research emerging from two days of intensive discussions

Chennai, To cash in on the RBI's concessional swap window, Indian Bank plans to raise $400 million through External Commercial Borrowings (ECB) this week to support its business growth.In addition, the public sector lender may mop up another $600 million via E

India s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal banking, electronic transfers and the digital infra behind UPI. Each technological leap solved the same fundamental challeng

ET Intelligence Group: A double-digit increase in revenue but lower profitability due to input cost pressure were the key highlights of the June 2026 quarter across sectors. Consumer focussed sectors including automobiles and consumer goods reported strong top

A consumer body in Chhattisgarh has held State Bank of India (SBI) guilty of deficiency in service for allegedly failing to act on a customer s complaint of unauthorised online transactions worth nearly Rs 1 lakh, and directed the bank to refund the amount wit