The Reserve Bank of India’s aggressive fund infusion in the past few months is beginning to show results, as the banking system’s liquidity position turned surplus at the end of March — the first time in three months. The banking system’s liquidity stood at a surplus of Rs 89,399 crore on March 30. On March
Partner Insights spoke to Maxwell Wu, Co-founder and CEO at Fulcrum Lending based in New York City about his firm’s unique take on private credit, technology, and financial trends in the multifamily space. Before launching Fulcrum, Wu led the spinout of a technology group from Greystone, serving as the chief underwriter while leading the team
The victim’s total losses were $550,000 – over the Banking Ombudsman Scheme’s financial threshold. However, ANZ has agreed to waive the limit to enable the investigation to proceed – despite refusing to do so in another $1 million fraud case. The ombudsman’s probe follows a Herald investigation into the case, in which Kate lost her
Finance Minister Nirmala Sitharaman on Wednesday responded with humour to AAP Rajya Sabha MP Raghav Chadha after he raised concerns about the state of banks in Parliament. “I was amused, sir, if member Raghav Chadha does not take offense,” she remarked. “He observed the number of fans in the bank, the condition of the bank,
Parliament approved the Banking Laws (Amendment) Bill to allow account holders to have up to four nominees and enhance investor protection, with the Rajya Sabha giving its nod to it on Wednesday. The Lok Sabha passed the Bill on December 3 last year. The Bill aims to strengthen governance in the Indian banking sector, besides
2-minute read Filing for New Jersey unemployment guide Step-by-step guide to navigating New Jersey’s unemployment filing process online. Megan Fernandes and Katie Sobko, NorthJersey.com Barclays indicated that the layoffs this summer were being done to “align staffing to current and expected business needs.” In 2024, the British banking firm laid off 70 people in Whippany,
TY-LED GT Capital Holdings, Inc. reported a consolidated net income of P28.8 billion in 2024, down 1.7 percent from P29.3 billion in 2023, due to the absence of non-recurring gains recorded last year. Excluding non-recurring gains, core net income rose 11 percent year on year, largely driven by record earnings generated by its banking and
A digital banking solution designed to empower businesses with seamless financial management tools Cheyenne, Wyoming, March 25, 2025 (GLOBE NEWSWIRE) — Blue Federal Credit Union is excited to announce a groundbreaking partnership with Lumin to introduce Blue Business Banking, a digital banking solution designed to empower businesses with seamless financial management tools. Blue Business Banking
Sabric has warned consumers of the rise in AI-powered banking scams after one South African was scammed out of R6 million. ronniechua / iStock Imagine getting a WhatsApp message from your bank. The logo is spot-on, the language is professional, and the person on the other end sounds exactly like a real bank employee. They
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,