The government and the Reserve Bank of India are looking at the entry of new banks and merge some of the existing public sector banks to create a financial system that can encourage risk-taking ability to support the pace of growth in a country that is slated to be the third largest economy by 2027-28.
Today’s need-to-know stories Fed proposes rating overhaul to ease path for US bank M&A The Federal Reserve has proposed changes to how it evaluates major US banks under its large financial institution rating framework, aiming to make it easier for them to qualify as “well managed” and therefore reduce barriers to mergers and acquisitions. Under
Equity Bank has announced that its digital banking services are currently experiencing intermittent downtime. According to the bank, the temporary outage is affecting its Mobile App, online banking portal, *247# USSD service, and the EazzyBiz platform for businesses. In a service notice issued on Friday, July 11, the bank confirmed that its technical team is
Photo: Mali Maeder on Pexels.com Lloyds Banking Group and its four charitable Foundations have launched a joint Financial Resilience fund, offering £4.2 million to help people in financial hardship. The funding will go to charities who can help these people gain confidence and skills to manage their finances, reduce reliance on debt and achieve long-term financial stability.
The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised guidelines aim to prevent greenwashing and ensure that financial institutions meet the highest standards of business conduct when offering products with Environmental, Social and Governance
MANILA, Philippines — Singlife Philippines reaffirmed its leadership in digital insurance innovation, winning three major accolades in the Asian Banking & Finance Fintech Awards 2025 held at the Marina Bay Sands Expo & Convention Centre in Singapore. The country’s premier digital life insurer bagged the Mobile App Award – Philippines, New FinTech Product Award –
Sergio Barbosa, CEO of FutureBank. Sergio Barbosa, CEO of fintech firm FutureBank, says traditional, rule-based and rigid automated technology is giving way to agentic AI to enable intelligent, adaptive and customer-centric banking. Agentic AI represents the future of financial services, adds Barbosa. “Traditional automation relies on fixed rules, which limits adaptability and intelligence. Agentic AI,
The Punjab Revenue Authority (PRA) has declared telecommunication, banking, and insurance companies as withholding agents. These companies are now required to withhold 80 percent of the tax amount on the receipt of taxable services, while the service provider company must deposit the remaining 20 percent to the government. Exercising the powers conferred under Section 76
Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Share Last updated: July 10, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers.
Dr Johnson Pandit Asiama is the Governor of the Bank of Ghana A newly conducted assessment by the Bank of Ghana has indicated that while certain banks may be exposed to major credit losses in extreme scenarios, credit risk across the sector remains largely contained. The BoG Bank noted that risks related to exchange