Finance

Being able to code is no longer a guarantee of a job in finance thanks to the rise of generative AI tools like ChatGPT.

Country's largest commercial lender State Bank of India (SBI) said that domestic GDP growth is now on firm footing with urban demand showing good traction, while the lagging rural demand is a cause of concern.

"Retail's uptick in buying can extend over the coming weeks and, in turn, support equity markets' grind higher," Vanda Research said.

The idea of artificial intelligence being able to predict the market is a pipe dream, according to Wall Street vet Marty Chavez. Here's why.

Wall Street's interest in AI still comes with a requirement to understand how the AI works. But that might not be the case forever.

Around 50% of India's ₹2,000 bank notes have returned to banks, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. The bank says around 85% of the notes are coming back as bank deposits, while the average system liquidity remains in surplus mode, further adding that half of India's ₹2,000 bank notes circulating are now with banks. Although demonetised on 19 May, ₹2,000 bank notes remain legal tender and may be exchanged or deposited at banks until the end of September. RBI statistics revealed that, as of 31 March, ₹3.62tn of ₹2000 banknotes were in circulation.

The Reserve Bank of India (RBI) has held its benchmark repo rate at 6.5% for the second consecutive policy meeting, indicating a prolonged pause for rate hikes. Experts believe the door remains open for further hikes to control inflation, which is hovering at 4.7%, and due to globally hawkish central banks. If India's monsoon season is normal and risks to commodity prices subside, the RBI could review its stance again in August. Some analysts speculate that further rate cuts have been deferred following a revision of India's GDP forecast by 30 bps by the World Bank earlier this week.

The RBI has kept its growth projection for the current financial year unchanged at 6.5% “We will keep Arjuna’s eye on inflat...

Robert Kindler will advise Paul Weiss' corporate clients on M&A and defending against investor activists. He was chair of M&A at Morgan Stanley.

The Nasdaq CEO and chair detailed three steps that could help banks fight money launderers, which has grown into a $4 trillion problem.

Here's the pitch decks that fintechs used to raise millions of dollars, from seed rounds to Series D.

The SEC shook up the world of crypto by filing lawsuits against two of the biggest crypto exchanges in the world. It won't be pretty.

The Reserve Bank of India (RBI) committee on customer service standards has proposed numerous recommendations to improve the quality of customer service and grievance redressal mechanisms, including creating a common complaints portal, compensating customers for the loss of original home agreements and offering senior citizens a dedicated phone line for their queries. The committee's report suggests regulating entities, such as banks, should maintain a centralised database of Know Your Customer (KYC) documents of all customers to avoid duplication. The RBI may adopt a carrot and stick approach to ensure better service standards.

A new tool from Broadridge's LTX highlights the ongoing push to digitize the massive market for corporate bonds.

Consumer discretionary companies led the spate of bankruptcies with 37 filings so far in 2023, according to S&P's Market Intelligence data.

BlackRock has been priming the next generation of management and making changes at the top.

Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.

Richard Handler, Jefferies CEO, offered some advice to the latest crop of interns, including the importance of keeping perspective.

According to a report by Redseer, half of all household payments in India are expected to be made digitally by fiscal year 2026, up from 35% currently. Online shopping will also grow with an expected 50% increase in users in the next three years, reaching over 300 million by FY26. The number of people using UPI or wallets as digital payment methods is expected to almost double from 350-380 million now to 650-700 million by then, with UPI almost doubling from 350-380 million unique mobile payment users.

The largest banks could see a 20% boost in capital requirements. And those with big trading units or fee-generating wealth businesses might take the biggest hits.

Wall Street internships season is about to kick off. But trying to standing out might not be your best bet.

Tiffany Haley flips a standard question on its head: instead of asking what candidates want to gain from the role, she asks what they'd want to give.