World Bank retains India’s growth forecast for FY25
The World Bank retained its growth forecast for India at 6.6 per cent for FY25. “India will remain the fastest-growing
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Banking Finance Year 2024
Tackling Trade-Based Money Laundering in the Modern Financial Landscape
If we inquire informally among a group of bankersabout familiarity with terms like a Letter of Credit (L/C), Bill of
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From Concept to Reality: Large Action Models (LAMs) and the Evolution of AI
Introduction In the rapidly evolving landscape of artificial intelligence (AI), a transformative paradigm shift is underway with the emergence of
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Banks seek one more month to comply with international card spend rule
Lenders have sought a one-month extension from the government to comply with the Liberalised Remittance Scheme (LRS) for international credit
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Banks need to look beyond bulk deposits to fund loans
RBI said that banks must reduce their reliance on wholesale deposits to fund loans and be watchful of the risks
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Most bank frauds are 3rd-party scams: IBA
Indian Banks’ Association chairman M V Rao has said that the threefold increase in bank frauds reported in RBI’s annual
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Canara Bank approves diluting 14.5% stake in its life insurance venture
Canara Bank has approved commencing the process of diluting a 14.5% stake in its subsidiary, Canara HSBC Life Insurance Company.
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Banks must take responsibility when using AI: EU
Banks and investment firms in the European Union cannot OpenAl strikes deals with The boardroom has a legal obligation to
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Banks reported surge in frauds in FY24
As many as 36,075 frauds were reported in banks in the financial year 2023-24 (FY24), growing nearly 166 per cent
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Empowering accessibility through AI in Banking: Revolutionizing Assistive Technologies
Introduction Artificial intelligence (AI) is the field of computer science that aims to create machines and systems that can perform
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