Global banking sectors are facing growing challenges due to rapid digitalization, adoption of artificial intelligence (AI), climate change, and increasing cyber threats, according to a report released by S&P Global Ratings.
Mumbai (Maharashtra) [India], November 13: India's payment landscape is evolving. Alongside familiar and widely trusted ways of paying such as Debit Cards, UPI, and net banking, many consumers are now also choosing to use Credit Cards for their everyday purchases. This shift is not about rep
New Delhi [India], November 12: Punjab and Sind Bank (PSB), one of the country's oldest and most trusted public sector banks, is reinforcing its leadership in secure digital banking by future-proofing its real-time fraud prevention framework. Through a series of strategic technology initi
Singapore, November 12: At Singapore Fintech Festival today, Visa Inc. (V) announced a breakthrough pilot allowing businesses and platforms to send payouts directly to recipients' stablecoin wallets. For businesses using Visa Direct, payouts can be funded in fiat currency, while recipients c
Bengaluru (Karnataka) [India], November 12: India's financial sector continues to evolve with structural shifts across technology, policy, demographics, and social behaviour. These long-term trends, often referred to as megatrends, are reshaping how individuals save, borrow, spend, and inves
Singapore, November 12: Finmo, the modern Treasury Operating System for global businesses, has partnered with Standard Chartered, a leading international banking group, to launch Global Currency Account (GCA) capabilities that enable businesses to manage pay-ins, pay-outs, and foreign exchan
India's experience in digitisation shows that countries that harness technology with foresight and responsibility will not only adapt to change but shape it, T Rabi Sankar, Deputy Governor, Reserve Bank of India, said.
Union Home and Cooperation Minister Amit Shah on Monday said that India has achieved remarkable success in strengthening its cooperative banking sector, with Non-Performing Assets (NPAs) reduced from 2.8 per cent to just 0.06 per cent over the past two years.
Pune (Maharashtra) [India], November 10: The financial sector plays an important role in supporting economic activity. It includes banks, non-banking financial companies (NBFCs), insurance providers, asset management companies, and fintech firms. Together, these entities facilitate essential
Pune (Maharashtra) [India], November 8: India's financial sector has been evolving in tandem with the country's economic progress. The focus has been on strengthening financial intermediation, expanding inclusion, and advancing digital transformation.
The State Bank of India (SBI) has transformed from being in loss in 2018 to now becoming a USD 100 billion company due to the regulatory and structural reforms implemented over the past decade by Reserve Bank of India (RBI), stated Governor Sanjay Malhotra.
Pune (Maharashtra) [India], November 6: Bajaj Finance Limited, one of India's most trusted non-banking financial companies (NBFCs), has launched a special loan fest - 'Dhan ki Dhun', offering attractive rewards and benefits on personal loans. These offers are valid from November 1st to Novem