Category: Finance

RBI bars banks from charging SMS alerts on June 24, cutting fee income up to Rs 300 crore. Telcos face a nearly 20% commercial SMS traffic wipe.

Revolut's PRAGMA foundation model is trained on 24 billion banking events and shows a 64.7% lift in fraud recall, with a 2.3x gain on credit risk.

Asian shares rose on tech while oil slipped on OPEC+ supply. Goldman revised its yen target to 165 from 155, Seoul opened its won to 24-hour trading.

Cyprus bank deposits hit €58bn in May 2026, but lending growth runs at half the EU's loan-to-deposit pace. Here is what the IMF says is holding new loans back.

Philadelphia funded the Revolution, gave America its first central bank, and birthed the first U.S. stock exchange. The 250th anniversary barely noted it; hometown banks are gone.

Bangladesh banks are parking funds in treasury bills after private credit growth slipped to 4.98% in May, a sign of a structural shift from interest income.

BoM's Q1FY27 advances rose 27% to Rs 3.06 lakh crore. RAM up 25%, corporate crossed Rs 1 lakh crore. Total business at Rs 6.51 lakh crore, CASA slipped to 49%.

The Bank of Ghana launched the Ghana Sustainable Finance Roadmap on Tuesday, with 23 commercial banks hitting 73% compliance with the Sustainable Banking Principles by September 2025.

OpenAI is weighing a 2027 IPO, after Anthropic's expected October debut. Goldman, Morgan Stanley, SoftBank, and Oracle all fell on the timing news.

Community banks are placing real money into legacy planning fintechs to lock in multi-generational deposits ahead of a $124 trillion wealth transfer.