Banks
NBFCs Are Quietly Powering India's MSME Revolution
Between FY21 and FY24, NBFCs recorded a 32 per cent compound annual growth rate (CAGR) in MSME lending, albeit on a smaller base, compared to 20.9 per cent for private banks and 10.4 per cent for public sector banks.
Sumant Kathpalia Resigns as IndusInd CEO; RBI Nods For Interim Leaders
Sumant Kathpalia stepped down as MD & CEO effective close of business hours on April 29, bringing an end to his tenure at the bank. In response, the bank has taken swift action to maintain continuity and governance stability.
JPMorgan Chase Is Now Suing More Customers Who Took Part in the 'Infinite Money Glitch' TikTok Trend
JPMorgan says that the trend was check fraud.
'A Lot of People Who Run Stuff, They're a Hot Mess': JPMorgan Chase CEO Jamie Dimon Shares Four Tips for Leaders
Dimon has been CEO of JPMorgan since 2006.
Morgan Stanley Plans to Lay Off 2,000 Workers, Replacing Some with AI
Morgan Stanley's planned job cuts are both performance and AI-based.
JICA Signs First Co-Financing Deal with India Exim Bank to Boost Rural MSMEs
The agency remains committed to supporting inclusive and sustainable development in India through targeted investments and innovative financing solutions.
IndusInd Bank Shares Plunge 25% Hitting a 52-week Low
The trouble stems from an internal review that uncovered errors in how the bank accounted for hedging costs linked to past forex transactions.
'I Don't Care How Many People Sign': JPMorgan CEO Jamie Dimon Fires Back at Employees Who Signed a 'F---ing Petition' Calling for Hybrid Work
JPMorgan has asked employees to be back in the office five days a week by March.
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.
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.
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."