Credit Growth improves in the first data release since RBI’s jumbo rate cut. The latest data release from RBI indicates that after falling to a 3 year low, the banking credit growth has shown improvement in the fortnight ended 13th June. This is the earliest sign of impact of RBI’s jumbo 50bps rate cut in
In the global conversation about artificial intelligence, Silicon Valley often takes centre stage. However, a quiet but powerful revolution is unfolding in Asia’s financial sector, where regional banks are leading the charge by tailoring AI to the unique needs of their communities. This hyper-local approach is not only enhancing customer engagement and satisfaction, but also
Dudley Building Society launched its new branch in Central Court, Bridgnorth this summer, reversing a trend of closures in the town which has seen both Lloyds and Barclays depart Bridgnorth, to the dismay of the town’s residents. The High Street branch of Lloyds closed on May 20, around three years after the closure of Barclays
NIGERIA’S banking sector recorded a strong 39.6 per cent year-on-year growth in 2024, with total assets rising to N170.02 trillion from N121.8 trillion in 2023. This remarkable expansion was fueled by surging remittance inflows, the widespread adoption of digital financial services, and broader sector reforms, according to the State of Enterprise (SOE) Report 2025. Despite
Robotic arms are displayed during the 9th China-South Asia Expo in Kunming, Southwest China”s Yunnan province, June 22, 2025. [Photo/Xinhua] In the global conversation about artificial intelligence, Silicon Valley often takes center stage. However, a quiet but powerful revolution is unfolding in Asia’s financial sector, where regional banks are leading the charge by tailoring AI
Saudi Arabian banks recorded a strong start to 2025, with aggregate net income rising 6.3 per cent quarter-on-quarter to SAR 22.2 billion ($5.92 billion) in the first quarter, according to a report released on Monday by professional services firm Alvarez & Marsal. The Kingdom’s Banking Pulse, which analyses the performance of Saudi Arabia’s 10 largest
Artificial intelligence is no longer a futuristic buzzword—it’s a present-day battleground for competitive advantage in banking. Across the globe, countries are embracing AI at vastly different speeds, with Asia and the Middle East taking the lead in enterprise adoption, while the U.S. and UK scale up their generative AI pilots. From virtual assistants to risk
MANILA, Philippines — Two banks, including a rural bank and a European player, have formally expressed intent to convert or enter as digital banks, as the Bangko Sentral ng Pilipinas (BSP) pushes for a level playing field among digital-first lenders. In an interview with The STAR, BSP Deputy Governor Chuchi Fonacier confirmed that a rural
The banking industry’s NPL stock grew by 8.7% to GH¢21.7billion in April 2025 The Non-Performing Loans (NPL) ratio reduced to 23.6% in April 2025 from 25.7% in April 2024, BoG says in its May 2025 Banking sector Development Report. The decrease in NPL ratio was attributable to higher growth in total loans relative to growth
US banking titan Goldman Sachs is reportedly highlighting its bullishness on one under-the-radar artificial intelligence (AI) stock that’s up over 68% since March. Goldman has put Taiwan Semiconductor Manufacturing Company Limited (TWSC:2330) on its “Conviction Buy” list after already being on its buy list, Insider Monkey reports. TSMC is Taiwan’s largest company, and shares of