Banks
India's Current Account Deficit Marginally Widens to $9.7 Billion in April-June 2024: RBI Report
The RBI attributed the year-on-year (YoY) rise in the CAD to an increase in the merchandise trade gap, which swelled to $65.1 billion in Q1 FY25 compared to $56.7 billion in the corresponding period a year ago.
BoB Bets on GenAI For Customer Experience and Employee Efficiency
The three solutions are Aditi, a Virtual Relationship Manager; GyanSahay.AI, an employee knowledge management platform; and chatbot ADI
Chase Bank Viral 'Glitch' Is Just Plain Old Bank Fraud, Company Says
Check fraud has increased by 385% since the pandemic.
Q1FY25: A Mix Bag of Results for Banks
This can be credited to the general elections and heat waves across the country
Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity
The bank told Bloomberg that it "does not tolerate unethical behavior."
How Banks Performed in Q4FY24
While Punjab National Bank's performance was boosted by growth in Core Retail, State Bank of India's performance was driven by growth in Domestic Advances. Additionally, Indian Bank's stellar profit performance was due to its exceptional control over slippages
GenAI Could Accelerate Bank Performance in Next 3 Years: Accenture Report
Every role in every bank is likely to benefit in some way from generative AI, it states
Q4 Results: An Analysis of How These Four Banks Fared this Quarter
With the falling NIM (Net Interest Margin), several banks are facing challenges with market experts expecting weak numbers from most
Evolving Risk: The Ever-Changing Nature of EU Financial Crime Gets a Boost From AI
Banks and anti-financial crime software solutions are working to prevent a new generation of criminals using deep fakes and impersonating individuals using AI tools.
Bank of America Threatens Workers Who Won't Return to the Office With 'Disciplinary Action' — Read What the Letters Said
The bank implemented a return to office policy in October 2022.
Andy Cohen Lost 'A Lot of Money' to a Highly Sophisticated Scam — Here's How to Avoid Becoming a Victim Yourself
Consumers reported losing $8.8 billion to fraud in 2022.
UCO Bank Q2FY24 Results: Net Profit Up By 80%
The Kolkata-headquartered bank reported a net profit of INR 402 crore for the September quarter of FY24, which is a staggering increase of over 80 per cent on net profit reported in Q2 FY23
Online Merchants Are Losing Significant Revenue With This Billing Mistake — Are You Guilty?
With clear, recognizable billing descriptors, merchants can save themselves the headache of avoidable transaction disputes and keep their customers happy and returning.
South Indian Bank Appoints PR Seshadri as New MD And CEO
South Indian Bank (SIB), one of India's leading private sector banks with over nine-decade legacy has appointed PR Seshadri as its MD and CEO effective October 1, 2023.
The New Face of Money: How Banks are Leveraging Metaverse for Good
Banks have long banked on two phenomena- if they can get the attention of customers when they are young, they can hold on to them for life and the customer-executive relation in a traditional physical space. But with time, the sector has aced spotting which change to adapt and which to avoid. Safe to say, they have been open to the adoption of Metaverse and virtual realities in their systems.