Banks

News and Trends

Top Indian Banks Report Mixed Q3 FY25 Results Amid Economic Shifts

In the third quarter of fiscal year 2025, India's leading banks delivered a mixed financial performance, reflecting the evolving economic landscape. While some banks posted strong growth, others encountered challenges affecting profitability.

Business News

Citigroup Is Sticking With a Hybrid Work Schedule. Here's Why It Gives the Bank a Competitive Advantage, According to Its CEO.

Citigroup is standing its ground as other Wall Street banks enforce strict return-to-office mandates.

News and Trends

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.

News and Trends

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

Business News

Chase Bank Viral 'Glitch' Is Just Plain Old Bank Fraud, Company Says

Check fraud has increased by 385% since the pandemic.

News and Trends

Q1FY25: A Mix Bag of Results for Banks

This can be credited to the general elections and heat waves across the country

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."

News and Trends

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

News and Trends

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

News and Trends

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

Business News

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.

News and Trends

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

Business Ideas

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.