Follow TNM’s channel for news updates and story links. The Banking Laws (Amendment) Act, 2025, aimed at improving governance standards in the banking sector and ensuring enhanced protection for depositors and investors, will come into effect from August 1, the Finance Ministry said on Wednesday. The Act, notified on April 15 this year, also seeks
Just one full season and only 81 career NHL games might seem like a somewhat small sample size for a maximum-term commitment, but what Eric Tulsky and staff had seen from Blake as he vied to make the team last summer, and his early returns after doing so, left them with no reservations about giving
In a significant turn of events, the Consumer Financial Protection Bureau (CFPB or Bureau) has decided to initiate a new rulemaking process concerning its final rule on personal financial data rights under Section 1033 of the Consumer Financial Protection Act of 2010 (1033 rule). This decision comes amidst ongoing legal challenges, notably from Forcht Bank,
Financial executive Ben Walter spoke to 11Alive Anchor Cheryl Preheim on Wednesday. ATLANTA — Atlanta has a “great growth story,” the CEO of Chase Business Banking said Wednesday, and, “I don’t see that slowing down anytime soon.” The financial executive, Ben Walter, spoke to 11Alive Anchor Cheryl Preheim on the sidelines of an event with
Andhra Pradesh Chief Minister N Chandrababu Naidu visits Jurong Island, Singapore’s flagship integrated petrochemical and energy hub, during his official visit to Singapore, on Tuesday | Photo Credit: ANI Andhra Pradesh Chief Minister N Chandrababu Naidu has on Wednesday sought support of Sumitomo Mitsui Banking Corporation (SMBC), Singapore for economic development of the State and
Ujjivan Small Finance Bank is looking to expand the secured loan portfolio as part of its growth strategy. In an interview with Narayanan V, managing director and CEO Sanjeev Nautiyal discusses plans to scale the secured lending business, current state of the microfinance sector and the progress on its application for a universal banking licence.
The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments, writes Kirill Gertman, of Conduit.Adobe Stock In 1973, computers were the size of a refrigerator. Today you can fit one in your pocket. SWIFT —
The game changer. As AI penetrates deeper into banking, institutions look past its novelty to make sure their investment yields value. The integration of artificial intelligence into the financial sector is moving beyond the experimental stage as the new technology becomes a cornerstone of modern banking operations. Take DBS Bank, for example, whose former CEO
From rule-based to responsive. AI is transforming consumer lending. But to succeed, human capital must be as big a priority as technological advances. Financial institutions worldwide are leveraging AI, marking a shift from traditional rule-based systems to responsive, intelligent solutions. Nowhere does the fusion of data and AI hold more potential than in one of
The US Consumer Financial Protection Bureau (CFPB) plans to revise the open banking regulations initially adopted under former President Joe Biden, reported Reuters. CFPB’s decision follows a federal judge’s pause on a lawsuit aiming to strike down these regulations, allowing the agency time to replace them with a new version. The consumer finance watchdog, under