Banks
- Business
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai: In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS)…
- Middle East
UAE banks to help businesses, individuals hit by April 16 floods
In a significant development, banks in the United Arab Emirates (UAE) are gearing up to offer a ‘lifeline’ to those businesses and individuals who were affected by devastating floods that struck the…
- Business
Financial regulator finds ‘illegal’ stock short selling at 5 more global banks
Seoul: South Korea’s financial regulator said on Monday that it has found suspected cases of naked stock short selling at five more global investment banks (IBs), bringing the total to nine out…
- Middle East
Dubai billionaire calls on banks to remain open on official holidays
Dubai billionaire Khalaf Ahmad Al Habtoor has called on banks to remain open during official holidays, as closures cause direct harm to customers and the commercial sector. The call comes after UAE…
- Business
Banks must provide simple KFS to borrowers on terms of loans: RBI
Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they…
- World
Asian central banks likely to cut rates from late June onwards: Morgan Stanley
New Delhi: Asian central banks are likely to begin cutting rates from late June onwards, global brokerage Morgan Stanley said. “Across the region, real rates are rising given lower inflation. As long…
- India
Private sector banks lead Sensex lower
New Delhi: BSE Sensex is trading at 73,857 points, down by 157 points. Private sector banks are down in trade with ICICI Bank down more than 1 per cent, Kotak Mahindra is…
- Business
GenAI spending from banks to reach $85 bn globally by 2030
New Delhi: The spending on GenAI by banks will reach $85 billion in 2030, from $6 billion globally in 2024 which is a 1,400 per cent growth, a report showed on Tuesday.…