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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…

Business Insider Latest Story Image
7 mins read

Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…

Business Insider Latest Story Image
3 mins read

4 trends to watch this bank earnings season

JPMorgan kicks off bank earnings on Friday. All eyes will be on what lower interest rates may mean …

Kaja Whitehouse   


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2 mins read

Job creation, redefining skills most pressing issue globally amid rapid tech changes: FM Nirmala Sitharaman

Sitharaman highlighted the need for urgent action and a comprehensive analysis to address these iss…

ANI   


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3 mins read

Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention

The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…

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4 mins read

Mark Zuckerberg got his wife a 7-foot statue of herself. A couples therapist said such a lavish gift might be a red flag.

The sculpture that Mark Zuckerberg gave to Priscilla Chan is an extravagant and public gift that co…

Maria Noyen   


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11 mins read

Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order

Anand Selva made his name in Citi's consumer bank. Now he runs Citi's multibillion-dollar effort to…

Hayley Cuccinello   


Business Insider Latest Story Image
3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

Business Insider Latest Story Image
4 mins read

Investment banking has made a multibillion-dollar rebound, but it's too early to pop the Champagne

Goldman Sachs and other banks beat Wall Street expectations thanks to dealmaking fees. Was this qua…

Hayley Cuccinello,Emmalyse Br…   


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2 mins read

Gold is the 'last safe haven' as Treasurys face risks from soaring US debt, Bank of America says

Bank of America strategists see 11% upside for gold by the end of next year as the Treasurys are th…

Kelly Cloonan   


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3 mins read

78 pc of consumers choose digital banking over cash transactions

Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over th…

ANI   


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2 mins read

Indian companies are looking to international markets for growth, says CRISIL

In recent years, Indian corporations have significantly ramped up their international operations. A…

Business Insider Latest Story Image
1 min read

Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das

In the inaugural address at FIBAC 2024, the governor said that massive changes are taking shape in …

PTI   


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2 mins read

After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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11 mins read

Big banks promised to protect the planet. Now they're doing an about-face.

Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …

Catherine Boudreau   


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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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2 mins read

Government's commitment to reforms due to dedication to 'nation first': PM Modi in Independence Day speech

The commitment to reforms is the blueprint for growth and is not borne of any political compulsion …

PTI   


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2 mins read

More than half of banking jobs could be automated by AI — but banks will be slow to adopt, Citi report says

A new Citi report says finance will be "at the forefront" of changes due to artificial intelligence.

Emmalyse Brownstein   


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3 mins read

Raising massive financial resources for net-zero goal unprecedented challenge: Economic Survey

Reaching net zero means achieving a balance between greenhouse gas emissions and the amount of thes…

PTI   


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2 mins read

Household savings are choosing mutual funds over banks to invest savings: RBI Governor

The households are choosing the capital markets over the banks to park or invest their savings, hig…

ANI