Merely two years ago, over seven weeks during the spring of 2023, the entire financial system nearly came crashing down when the United States experienced the second-, third- and fourth-largest commercial bank failures in its history. Between March 8, 2023, and May 1, 2023, Silicon Valley Bank (SIVBQ) ($209 billion in assets), Signature Bank (SBNY)
Kotak Mahindra Bank was the second biggest gainer, rising by 4.51per cent after the private lender announced the appointment of a chief technology officer. State Bank of India, Tech Mahindra, Power Grid, Bajaj Finserv, Axis Bank, HCL Tech, Reliance Industries and Bajaj Finance were among the gainers. Titan fell the most by 2.68 per cent
Indian equities amid broad-based buying as well as broader markets zoomed substantially, extending their winning run to the sixth straight day. At the close, Nifty ended above 23,650 at 23,658.35, up 1.32 per cent or 308 points, while the 30-share Sensex zoomed 1.4 per cent or 1,078.87 at 77,984.38. FII buying has been the prime catalyst
Artificial Intelligence (AI) is transforming the way the global banking industry functions. AI is already making banking smarter, faster, and more efficient with applications in fraud detection, customer experience and regulatory compliance. However, the future is even more promising. We have only scratched the surface of what AI can offer, and the global ‘AI in
3 By Alenka Grealish, Principal Analyst, Celent In a mere two years, generative artificial intelligence (GenAI) has gone from moonshot to reality. Frontrunners are already pursuing use cases across the banking value chain, ranging from marketing, sales and customer engagement to risk, IT (information technology) and operations. Given its strong potential,
Rajya Sabha Chairman Jagdeep Dhankhar convenes meeting with Leader of the House Nadda and Leader of Opposition Kharge Rajya Sabha Chairman Jagdeep Dhankhar has called a meeting with Leader of the House, J.P. Nadda and Leader of Opposition Mallikarjun Kharge at 11.30 a.m. today, to hold a structured discussion on the issue of judicial accountability
Rajya Sabha Chairman Jagdeep Dhankhar convenes meeting with Leader of the House Nadda and Leader of Opposition Kharge Rajya Sabha Chairman Jagdeep Dhankhar has called a meeting with Leader of the House, J.P. Nadda and Leader of Opposition Mallikarjun Kharge at 11.30 a.m. today, to hold a structured discussion on the issue of judicial accountability
Are you looking for relatively safe debt funds to invest for a few years? You can consider investing in Banking & PSU debt funds as these schemes have the mandate to invest at least 80% of their corpus in debt investments of banks, public sector undertakings, and public financial institutions. Mutual fund advisors say banking
Federal Reserve Governor Michelle Bowman. Photo by Fort Hays State University FHSU University Communications The Robbins Banking Institute at Fort Hays State University hosted its second annual lecture series event on Feb. 27, with Michelle Bowman, Federal Reserve governor, serving as keynote speaker. Kansas Bankers Association members and the FHSU community were on hand to
For Bank of America’s Raul Anaya, wildfire relief efforts are now a full-time job Raul Anaya has found his next big project. He’s been tapped by the chief executive of Bank of America to step back from his day-to-day role as national head of business banking, one of eight major lines of business for the