₹500 notes remain dominant, accounting for 40.9% of the total volume and 86% by value The printing cost of currency notes has surged by around 59 per cent over the last five years, while the supply has increased by around 36 per cent, the Reserve Bank of India’s annual report revealed. According to the report, … Read more
Krisztian Bocsi/Bloomberg The Federal Reserve’s preferred measure of inflation continued to inch toward its 2% target last month, but the impact of higher tariffs have yet to reflect meaningfully in government data. The headline Personal Consumption Expenditure, or PCE, index increased 2.1% on an annualized basis in April, according to a report released by the … Read more
Embarking on the journey to homeownership can be both exciting and overwhelming, especially when you’re surrounded by a plethora of myths and misconceptions. As a first-time homebuyer, you might have heard that renting is more affordable than owning, or that a flawless credit score is essential. But how accurate are these claims? In this guide, … Read more
Isabelle Roland, Yukiko Saito and Philip Schnattinger The Bank of England Agenda for Research (BEAR) sets the key areas for new research at the Bank over the coming years. This post is an example of issues considered under the Prudential Architecture Theme which focuses on the evolving regulatory structures and fresh strategic issues for regulators and … Read more
Proven impact has prompted financial services firms to deepen their commitment to AI—and double down on their investment. In our conversations with industry executives, we’ve heard myriad stories about scaling AI, from ROI victories to how they’re tackling roadblocks.Here are our six takeaways: 1. AI is rewriting the rulesAI is evolving at breakneck speed, transforming how … Read more
Taking control of your finances in 2025 is not about being perfect. It is about being intentional, flexible, and informed. Whether you are starting from scratch or building on good habits, these expert-backed resolutions will help you create real, lasting progress this year. 1. Build a Budget That Reflects Your Life A strong budget … Read more
How do you reset your SBI Netbanking login password? If you are having difficulty executing the process, you have come to the right place. We have got you covered! Resetting your SBI net banking login password is quite simple, and you can do it on your own, with or without visiting the bank. In this … Read more
By providing clear guidelines on data handling, consent and security, the policy seeks to maintain the integrity of the Reserve Bank’s operations while using the opportunities that AI offers, RBI said. | Photo Credit: DANISH SIDDIQUI The Reserve Bank of India (RBI) will prepare a framework for responsible and ethical adoption of artificial intelligence (AI) … Read more
As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration, write Vikrant Rai and Graham Tasman. Adobe Stock Banking’s relationship with cloud computing has shifted dramatically. What started as cautious … Read more
Union Bank November 29, 2024 Fall is a time for foliage, pumpkins, and corn mazes. In fact, Vermont is home to New England’s largest corn maze, known as the “Great Vermont Corn Maze,” which stretches for 24 acres. But, just as a maze can be a confusing and winding path, so can the mortgage process. … Read more