Articles for Banking

High street banking giant will close 101 branches for good in 2025 - check if yours is on the list
2 days, 1 hour ago

High street banking giant will close 101 branches for good in 2025 - check if yours is on the list

Daily Mail  

A major banking group has announced it will close another another 101 high street branches in 2025 in the latest blow to customers. Speaking to Birmingham Live about the closures, a Lloyds Banking Group spokesperson said: 'Mobile banking is more popular than ever, with over 19.5 million customers choosing our app to manage, maximise and understand more about their money. …

Banking Group Close Lloyds Halifax Bank Branches Lloyds Banking Group
Bank Has Right Of General Lien Over All Securities Of Customer In Ordinary Course, Unless Agreement Says Otherwise: Rajasthan HC Reiterates
3 days, 3 hours ago

Bank Has Right Of General Lien Over All Securities Of Customer In Ordinary Course, Unless Agreement Says Otherwise: Rajasthan HC Reiterates

Live Law  

Referring to the decision of the Supreme Court in Syndicate Bank v Vijay Kumar & Ors., a division bench of Justice Pushpenda Singh Bhati and Justice Munnuri Laxman said," it is clear that it is judicially recognized the valuable right of banks i.e. In doing so the court set aside an order of the single judge directing Canara Bank to …

Security General Court Balance Bank Loan Right
Why your savings account needs an upgrade: Expert's pick
5 days, 5 hours ago

Why your savings account needs an upgrade: Expert's pick

Deccan Chronicle  

In today's dynamic financial landscape shaped by digitisation and disruptive innovation, is your traditional savings account due for an upgrade? The lack of modern technology benefits Most legacy savings accounts lack the convenience of modern banking technology benefits, like instant notifications on transactions, digital dashboards with spending insights, paperless e-statements, biometric logins, etc., that new digital platforms readily provide. ● …

Savings Banking Interest Rates Interest Rates Banks Account
Abolishing the FDIC could backfire on Trump and his allies
5 days, 15 hours ago

Abolishing the FDIC could backfire on Trump and his allies

CNN  

New York CNN — The Federal Deposit Insurance Corporation was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Aaron Klein, senior fellow at the Brookings Institution, told CNN that while the United States has too many bank regulators, there is “no chance” lawmakers would approve shutting the FDIC. …

Financial Banking Congress Trump Bank Treasury Cnn
The fintech company that collapsed and took $90m of people’s life savings with it
5 days, 19 hours ago

The fintech company that collapsed and took $90m of people’s life savings with it

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. They used apps like Yotta or Juno — …

Banking Money Bank Fintech Million Banks Morris
Sensex, Nifty tank in early trade dragged by banking stocks; RIL shares down 1%
6 days, 15 hours ago

Sensex, Nifty tank in early trade dragged by banking stocks; RIL shares down 1%

India Today  

Benchmark stock market indices opened lower on Tuesday as it continued its downward trend dragged by a decline in banking and financial sector stocks. The S&P BSE Sensex lost 401.57 points to 81,347.00, while the NSE Nifty50 was down 109.30 points to 24,558.95 as of 9:45 AM. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that globally …

Sensex Nifty
Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur
1 week ago

Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur

India Today  

In early August, when eminent economist Ahsan H. Mansur took charge as the governor of Bangladesh Bank, the country’s central bank, the entire banking system was thought to be tottering. Within one and a half months, we will receive money from the World Bank and the Asian Development Bank, and after that the reserves will be able to add $1.2 …

Banking Money World Bank Currency Billion Cent Rate
'Can’t let big biz into banking yet,' says banker Kundapur Vaman Kamath
1 week, 1 day ago

'Can’t let big biz into banking yet,' says banker Kundapur Vaman Kamath

New Indian Express  

MUMBAI: Kundapur Vaman Kamath, the veteran banker who led the rapid growth of ICICI Bank and helmed it for nearly two decades from its inception and make the largest private sector lender within few years, has spoken against allowing corporate houses into banking space, saying the regulator has to be satisfied that they will not misuse public deposits through the …

Banking Sector Rash Behaviour Kundapur Vaman
Mumbai City banking on favourable Kolkata record as it faced newly-promoted Mohammedan Sporting
1 week, 1 day ago

Mumbai City banking on favourable Kolkata record as it faced newly-promoted Mohammedan Sporting

The Hindu  

Mohammedan Sporting will be hoping to regroup and haul itself up from the bottom of the standings when it hosts the reigning Indian Super League Cup winner Mumbai City FC in a match week 12 fixture of the ISL – 11 at Kishore Bharati Stadium here on Sunday. This will be the first meeting in the tournament between the two …

Mumbai City Isl Mumbai City
CNN panel spirals out of control over Trump team threat 'to crash the banking system'
1 week, 2 days ago

CNN panel spirals out of control over Trump team threat 'to crash the banking system'

Raw Story  

A Washington Post columnist and economics commentator jabbed President-elect Donald Trump late Friday on CNN — and did so with a snarky apology. Catherine Rampell — who just a day earlier found herself in a spat with Republican strategist Scott Jennings — joined CNN's "NewsNight" to kick off a discussion about reporting that Trump's allies are mulling plans to weaken …

Trump Bank Journal Donald Trump Cnn Rampell Deposit Insurance
Tata Banking & Financial Services Fund performance review analysis for December
1 week, 3 days ago

Tata Banking & Financial Services Fund performance review analysis for December

Live Mint  

Tata Banking & Financial Services Fund Direct Growth performance review analysis for December: Tata Banking & Financial Services Fund Direct Growth, managed by the seasoned fund managers Amey Sathe, remains a prominent player in the Sector - Financial Services. Tata Banking & Financial Services Fund boasts an impressive AUM of ₹2374.28 crore. Performance Analysis: Over the past week, Tata Banking …

Financial Performance Services Banking Financial Services Fund Financial Services Fund
WhiteOak Capital Banking & Financial Services Fund performance review analysis for December
1 week, 3 days ago

WhiteOak Capital Banking & Financial Services Fund performance review analysis for December

Live Mint  

WhiteOak Capital Banking & Financial Services Fund Direct Growth performance review analysis for December: WhiteOak Capital Banking & Financial Services Fund Direct Growth, managed by the seasoned fund managers Piyush Baranwal,Ramesh Mantri,Trupti Agrawal,Dheeresh Pathak,Naitik Shah, remains a prominent player in the Sector - Financial Services. WhiteOak Capital Banking & Financial Services Fund boasts an impressive AUM of ₹282.29 crore. Performance …

Financial Performance Services Financial Services Capital Fund Financial Services Fund
Trump’s team has reportedly asked about closing a bank regulator
1 week, 3 days ago

Trump’s team has reportedly asked about closing a bank regulator

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s transition team has reportedly looked at ways to …

Money Congress Trump Inside Washington Washington Email Wsj Banking Regulator
IIM Lucknow launches executive course in fintech, risk management and banking
1 week, 3 days ago

IIM Lucknow launches executive course in fintech, risk management and banking

India Today  

As the cryptocurrency era reshapes the financial landscape, the convergence of finance and technology has become a driving force behind new opportunities and challenges. To address this growing demand, the Indian Institute of Management Lucknow, a leading business school which is ranked 4th amongst all B-schools in India, in collaboration with Emeritus, has announced the launch of its Executive Programme …

India Financial Management Lucknow Fintech Risk Management Risk
Rahul Gandhi raises questions on the functionality of a government bank, Nirmala Sitharaman responds sternly | Breaking
1 week, 4 days ago

Rahul Gandhi raises questions on the functionality of a government bank, Nirmala Sitharaman responds sternly | Breaking

ABP News  

Anchor: 'Opposition leader Rahul Gandhi had raised questions on the Modi government over the functioning of public sector banks. Nirmala Sitharaman alleged that during the UPA regime, illegal money was found and distributed to people, due to which the health of government banks worsened. Government banks have been strengthened under the Modi government and in the UPS government, I am …

Bank Rahul Rahul Gandhi Nirmala Sitharaman Government Banks
Sitharaman Rebukes Rahul Gandhi Over Allegations on Public Sector Banks
1 week, 4 days ago

Sitharaman Rebukes Rahul Gandhi Over Allegations on Public Sector Banks

Deccan Chronicle  

Union Finance Minister Nirmala Sitharaman strongly criticized Leader of Opposition Rahul Gandhi for his comments regarding the functioning of Public Sector Banks under the Modi government. Responding to Gandhi's accusations that PSBs have been turned into "private financiers for the rich and powerful," Sitharaman highlighted the significant reforms and improvements in the banking sector during the Modi regime.On Wednesday, Gandhi, …

Finance India Gandhi Upa Public Sector Banks Sector Rahul Gandhi
Why Wells Fargo’s San Francisco downsizing is bad news for California banking
1 week, 4 days ago

Why Wells Fargo’s San Francisco downsizing is bad news for California banking

LA Times  

Wells Fargo, California’s most prominent financial institution, has been tied to San Francisco since its Gold Rush-era founding in 1852. Chief Executive Charles Scharf, tapped to turn Wells Fargo around after the bank’s accounts scandals of the last decade, has been steering the company from New York City — nowhere near the 12-story tower at 420 Montgomery St. in San …

Financial Banking Employees Bank San Francisco West California
Hyderabad’s ₹5.66 crore ‘digital arrest’ scam shines spotlight on vulnerabilities in Indian banking
1 week, 4 days ago

Hyderabad’s ₹5.66 crore ‘digital arrest’ scam shines spotlight on vulnerabilities in Indian banking

The Hindu  

A 69-year-old mother of two from Hyderabad’s Basheerbagh lost a staggering ₹5.66 crore in a ‘digital arrest’ scam. Senior officers from various Indian banks, cybersecurity experts and law enforcement officials pointed to the lack of standardised systems to identify patterns of fraudulent transactions and called for overhaul in customer verification across banks. Director of Telangana Cyber Security Bureau Shikha Goel …

Indian Bank Scam Banks Account Customer Accounts
Sensex, Nifty end flat as markets await CPI data; banking stocks see decline
1 week, 5 days ago

Sensex, Nifty end flat as markets await CPI data; banking stocks see decline

India Today  

Benchmark stock market indices closed flat on Wednesday as investors awaited key inflation data. Vinod Nair, Head of Research, Geojit Financial Services said that the Indian market exhibited subtle movements, reflecting mixed sentiments prevailing in global markets ahead of the US CPI inflation data release, which could influence the FED policy. The top gaining stocks on Nifty were Trent, which …

Stock Nifty Flat Sector Global Market
ICICI Bank users: RTGS to be unavailable briefly between December 14-15
1 week, 6 days ago

ICICI Bank users: RTGS to be unavailable briefly between December 14-15

Live Mint  

ICICI Bank has announced scheduled maintenance that will affect Real-Time Gross Settlement services. According to the bank's official email notification, inward and outward RTGS transactions will be unavailable from 11:55 p.m. on December 14, 2024, to 6:00 a.m. IST on December 15, 2024. ICICI Bank does not charge for RTGS transactions done via online channels such as Internet Banking, iMobile …

Bank Icici Bank Transactions Rtgs Rtgs Transactions
What’s behind the sudden 100% surge in this financial stock? Is there more to come?
1 week, 6 days ago

What’s behind the sudden 100% surge in this financial stock? Is there more to come?

Live Mint  

The fallout of the Infrastructure Leasing & Financial Services led to a widespread liquidity crisis in 2018. Once a victim of market volatility, JM Financial is gaining momentum through strategic restructuring by moving to an asset-light fee-based business, focusing on the emerging wealth and asset management business. View Full Image JM Financial share price movement JM Financial operates in the …

Business Financial Management Wealth Management Investment Banking Company Revenue
How banks are using satellite images to determine farmers' income & repayment capacity
2 weeks ago

How banks are using satellite images to determine farmers' income & repayment capacity

Firstpost  

Some companies provide satellite-based risk scores and ratings at both farm and village levels. Combined with climatic data on rainfall, temperature, and humidity, these insights allow banks to gauge a farmer’s income potential and repayment capacity with greater precision The geospatial data ecosystem—spanning data collection, analytics, and application—is revolutionising sectors like banking and insurance. As per the ET report, the …

Data Credit Risk Satellite Banks Satellite Data Satsure
Banking Laws (Amendment) Bill 2024: What it means for you
2 weeks ago

Banking Laws (Amendment) Bill 2024: What it means for you

India Today  

The Banking Laws Bill, 2024, which was passed by the Lok Sabha on Tuesday, brings in crucial reforms aimed at modernising banking practices and improving customer experience. These provisions aim to enhance the accessibility and security of banking services, especially during unforeseen events such as the depositor's death, ensuring smoother fund access for nominees while minimising complications. The bill also …

Financial Banking Bill
How 2024 Banking Reforms Will Shape India's Economic Future
2 weeks ago

How 2024 Banking Reforms Will Shape India's Economic Future

The Quint  

Attracting qualified directors and auditors remains another obstacle, particularly for smaller institutions. The Banking Laws Bill, 2024, holds immense potential to modernise India’s financial system by fostering resilience, inclusivity, and governance reform. Furthermore, if viewed from a bird’s eye macro-lens, firms, due to a compressed demand position and slowing consumption expenditure are sitting on credit and cash without substantially investing …

India Economic