During the period under review solvency ratio stood at 2.08 against 2.21 in the year-ago period. | Photo Credit: iStockphoto SBI General Insurance on Thursday reported a 2.73 per cent year-on-year increase in its net profit to ₹188 crore for the first quarter this fiscal as its gross written premium grew 21.49 per cent y-o-y … Read more
The world’s largest payment systems are updating the messaging that accompanies transactions, putting pressure on banks to decide how to update their processing systems. Fedwire is the latest to move to the ISO 20022 standard, following FedNow and the RTP real-time processing networks, with Swift on deck for November. The ISO 20022 migrations have been … Read more
April is Financial Literacy Month: – Union Bank Union Bank Home » The Go Far Blog from Union Bank » April is Financial Literacy Month: A Beginner’s Guide to Investment April 17, 2025 April is Financial Literacy Month, a great reminder to focus on improving your understanding of personal finance. At Union Bank, we believe … Read more
Charlie Warburton and James Brookes Economists have repeatedly shown that readability of central banking communication matters. But they typically measure readability in a crude way – using the simplistic but influential Flesch-Kincaid metric. The Flesch-Kincaid Grade Level is based on word and sentence length and is commonly interpreted as the number of years of education required to … Read more
I have not been a supporter of Stablecoin due to lack of safety and regulatory provisions in the same vein as regulated Banks. The Genius (really ??) Act changes that and provides for regulatory provisions similar ~ to that which governs other financial entities, including maintenance of capital requirements and money laundering protection. The AML … Read more
When you’re looking to manage your finances more conveniently and securely from wherever you are, you’ll want to set up online and mobile banking. If you’ve never worked with digital banking before or if you have questions about certain features of your online accounts, we’ve got you covered. Here’s our comprehensive guide to Dieterich … Read more
Social Engineering is a term used to describe the process of manipulating people into giving up their personal information. It could be stealing someone’s identity, data related to financial matters, or other online scams and cybercrimes. It’s often done by pretending to be someone else or using social media to gain access to sensitive data. … Read more
Despite significant investments in cybersecurity, customers lack trust in the banking system’s ability to protect their data. “Trust is the bedrock of business. It transforms transactions into relationships and clients into loyal advocates.” According to Accenture’s recent Banking Consumer Study surveying 49,000 respondents across 39 countries, 58% of banking customers are concerned about the security … Read more
As at June-end 2025, assets under management (AUM) were up 24 per cent y-o-y, to ₹3,25,438 crore. | Photo Credit: Getty Images Bajaj Finance Ltd (BFL) reported a 21 per cent year-on-year (y-o-y) increase in standalone net profit in the first quarter (Q1FY26), at ₹4,133 crore, on the back of healthy growth in net interest … Read more
House Financial Services Committee ranking member Maxine Waters, D-Calif., left, and committee chair French Hill, R-Ark., at a committee hearing in June. Bloomberg News WASHINGTON — The House Financial Services Committee passed a number of banking bills handily, signaling future cooperation between Democratic and Republican lawmakers on a handful of key banking issues. Republicans, despite … Read more