Banks: Page 2
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.
Bank of America Is Raising Its Minimum Wage — Up 53% Since 2017. Here's What Full-Time Salaries Will Look Like.
The North Carolina-based company said it's increased its minimum hourly rate at least five times in the past six years.
Why Cross-border Payments is Not as Simple as UPI and How that can be Changed
While the Asia-Pacific region, particularly India, has been a figurehead for fintech adoption, with UPI and other digital technologies, such as Aadhar, cross-border remittance continues to be a lengthy-tedious process.
Wall Street Banks Slapped with $549 Million in Fines for Using WhatsApp 'Off-Channel' at Work
Among the fined banks, Wells Fargo faces the steepest penalty at $125 million.
Federal Reserve's New Program Will Make Sending Money Faster and Easier Than Ever Before
FedNow aims to modernize the country's payment system, reducing delays in cash transfers and providing real-time settlement in central bank accounts.
Bank of America Slammed With $250 Million Fine for Opening Fake Accounts, Double-Dipping Charges — Here's How to Find Out If You Qualify for Payment
At least as far back as 2012, bank employees created unauthorized credit card accounts in customers' names to boost sales and better evaluations.