Reserve Bank of India (RBI) Governor Sanjay Malhotra (file photo) | Photo Credit: FRANCIS MASCARENHAS The war against inflation is a continuing one, with the Reserve Bank of India’s rate-setting monetary policy committee (MPC) never taking its eyes off it, according to Governor Sanjay Malhotra. He observed that the change in the monetary policy stance … Read more
Noelle Acheson unpacks the differences between stablecoins and tokenized deposits, and what they mean for both banking business models and the evolution of money. Adobe Stock With the GENIUS Act stablecoin legislation now signed into law, we can expect an acceleration of pronouncements in coming months from U.S. banks about how they are looking into issuing … Read more
The Disagreement Bot Invasion is Currently Underway December 19, 2024 Disagreement Bots’ Function: These bots use AI to challenge users’ posts, aiming to encourage critical thinking and deeper conversations. Operating Mechanism: They employ algorithms and machine learning to analyze posts and generate relevant counterarguments. Applications and Goals: Developers use these bots to stimulate critical thinking … Read more
RBI Governor Sanjay Malhotra (file photo) | Photo Credit: SHASHANK PARADE The Reserve Bank of India will continue to prioritise stability in prices while boosting growth in Asia’s third largest economy, Governor Sanjay Malhotra said on Friday. The “battle against inflation is won, but war continues,” Malhotra said at a banking summit by Financial Express … Read more
The threat of souring commercial real estate loans is once again doling out pain. Eagle Bancorp, a small bank just outside of Washington D.C., took a $70 million loss in the second quarter due to troubled office loans. The company’s share price fell more than 20% on Thursday, a huge daily drop in the world … Read more
Union Bank February 7, 2024 Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform, we’re introducing an easy-to-use digital investment app. You can start investing with as … Read more
Tom Davies CHAPS is a critical element of the UK’s payments landscape, handling 92% of UK payment values despite comprising 0.5% of volumes. CHAPS is used for high-value and time-critical payments, including money market and foreign exchange transactions, supplier payments, and house purchases. We forecast CHAPS volumes to help CHAPS participants in making staffing decisions … Read more
Indeed today did have special meaning. While the origins may have been from American politics, the reality is Canada does have a unique personality that is based on the British parliamentary system, whereas American is more akin to the French republic. Republics are driven by personality, while Canada and the British parliamentarian system is … Read more
Summary Your credit score reflects your financial health. Common reasons for a drop include: Missed Payments: Late or missed payments hurt your score the most.High Credit Use: Using over 30% of your credit limit can lower your score.Short Credit History: The longer you manage credit, the better.Frequent New Applications: Applying for too many credit accounts … Read more
The bank is awaiting approvals from NPCI to extend the app to all its customers. Public sector lender Indian Bank has joined private banks and a few tech savyy PSU banks to build its own UPI app. Indian Bank recently launched IND-UPI, a UPI-based payment solution developed by them. The app, which is now live … Read more