As part of the celebrations, Swaminathan remotely launched KVB’s Cybersecurity Awareness Initiative in Trichy | Photo Credit: BIJOY GHOSH Karur Vysya Bank (KVB), one of India’s oldest and most trusted banking institutions, on Friday celebrated its 109th Founder’s Day today in Karur. As part of the celebrations, Swaminathan remotely launched KVB’s Cybersecurity Awareness Initiative in … Read more
The House this week voted to advance a bill that would establish a task force to figure out how to stop bad actors from using crypto and other digital tools to commit crimes — and give the body a few years to come up with solutions. The measure’s passage comes as the House Financial Services … Read more
The platform, PayPal World, will enable interoperability between local payment platforms and PayPal | Photo Credit: THOMAS WHITE Payments firm PayPal has partnered with the operator of India’s popular unified payments interface and others to launch a global platform through which consumers can make cross-border payments to businesses. The platform, PayPal World, will enable interoperability … Read more
FRBs and Lloyd’s India (including its Syndicates and Service companies) shall comply with all the provisions stipulated under IRDAI (Maintenance of Information by the Regulated Entities and Sharing of Information by the Authority), Regulations 202 | Photo Credit: scyther5 Foreign Reinsurers’ Branches (FRBs) and Lloyd’s India, including its syndicates and service companies, should maintain records … Read more
IndusInd Bank will raise the sum via a mix of debt and equity, subject to regulatory and shareholder approval. | Photo Credit: ANUSHREE FADNAVIS In a move to boost investor sentiment, IndusInd Bank’s board on Wednesday approved raising up to ₹30,000 crore via a mix of debt and equity, subject to regulatory and shareholder approval. … Read more
The central bank accepted bids aggregating ₹50,001 crore from banks at a weighted average rate of 5.58 per cent | Photo Credit: DANISH SIDDIQUI Liquidity in the the banking system seems to have come under strain following GST-related outflows, with the Reserve Bank of India (RBI), in a surprise move, conducting a two-day variable rate … Read more
This news is developing. Please check back for updates. Flagstar Financial’s profitability challenges extended into yet another quarter, with the company reporting a net loss, though executives remain optimistic about a near-term financial turnaround. On Friday, the parent company of Flagstar Bank reported a second-quarter net loss of $70 million, or $0.19 per share, exceeding … Read more
This is a surprising move which is not good for the financial system, It increases risk and there is no pressure to move on this right now. US set to cut capital requirements for banks, FT reports By Reuters May 15, 202512:13 PM EDTUpdated 39 min ago Vehicles drive into Manhattan over the Brooklyn … Read more
The total income rose to ₹38,063 crore during the June quarter of fiscal year 2025-26 | Photo Credit: SHAILESH ANDRADE State-owned Canara Bank on Thursday posted a 22 per cent growth in net profit to ₹4,752 crore during the first quarter of the current financial year. The Bengaluru-based bank had earned a net profit of … Read more
The sheer scale of this one of many AI factories of the near future tell us a lot about AI direction, and adds meat to the bones of Jensens speech in Taipei this week. Enjoy. ~~~~~~~~~~~~~~~~~~~~~~ OpenAI, Oracle and SoftBank hope that the site in Texas is the first of many across the US. … Read more