Finance Minister Nirmala Sitharaman will soon form a high-level banking reforms panel after PSB NPAs hit 1.9 percent.
Category: Finance
UAE Banks Bet Big on AI While Outages Test Their Trust
Banks race AI to protect $170bn in profits but March strikes and July ADCB downtime show concentrated tech creates new trust failures.
BofA survey cash crash flips sell signal as bulls pile in
Bank of America’s August survey shows record no-landing bets and low cash triggering defensive rotation advice into bonds, gold and UK stocks despite AI crowding.
Judges revive a 1980s rate-cap fight banks thought was settled
En banc judges grilled Colorado’s DIDMCA opt-out plan, echoing why most states repealed similar caps decades ago after credit dried up.
Speak Easy cards go free so banks share one communication tool
Nationwide and Visa open Speak Easy communication cards to every provider so customers with speech difficulties use one consistent tool across branches.
Rural Banks Quietly Drove BSP’s P60 Billion Discount Window Loans
Philippine rural and cooperative banks dominate the 38 DWF credit lines as borrowings reach P60.1 billion.
Banks Force Crypto Into Yield Concessions on Clarity Act
Wall Street and community banks used deposit-flight fears to delay the crypto market structure bill, leaving yield rules and September votes as the real contest.
Cyprus Bank Profits Invite Tax Raids in Fractured House
Strong bank earnings from ECB rate hikes and insurance deals now fuel AKEL windfall tax and foreclosure bills in a more fragmented Cyprus Parliament.
Sparda-Bank West Turns BVB Loyalty Into Everyday Banking Cards
Sparda-Bank West rolls out limited BVB-design girocard and Mastercards plus themed app as a bid to win younger fans and reverse customer decline.
Savana Holds Fire on Advisory AI to Fix Bank Stacks First
Savana skips advisory AI hype for an 18-month operational focus that executes bank policies inside a unified decision layer, betting silos block real gains.