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2 mins read

Banks scramble to repair the damage caused by Crowdstrike IT outage

British banks Santander and Metro Bank said they were impacted by Friday's outage, which affected t…

Jyoti Mann   


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2 mins read

Boutique investment bank Moelis has placed a senior banker on leave after a video circulated online appearing to show him punching a woman

New York-based investment bank Moelis & Co. said it is investigating a "serious incident in Brookly…

Polly Thompson   


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2 mins read

UPI transactions cross Rs 20 trillion for third successive month, in July 2024

Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…

ANI   


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2 mins read

Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack

The issues are being faced for the last two days after the discovery of a breach of the system…

PTI   


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1 min read

Zomato gets RBI approval to operate as 'online payment aggregator'

Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato …

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2 mins read

4 reasons why Wall Street's anxiety over excessive AI spending boom is 'premature,' Bank of America says

Investors are "premature" to worry over the spending AI wave, as a few catalysts still lie ahead, B…

Filip De Mott   


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2 mins read

Ixigo makes a solid debut on stock exchanges, but what's next for the share?

The company, which has a stronghold in India's OTA market, operates across the travel and hospitali…

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2 mins read

Woman loses ₹54 lakh in work-from-home scam! Here's what it is and how to protect yourself

Job hunting is something that most of us do online, be it on social media or various online job por…

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3 mins read

Following Kotak Mahindra Bank’s strong Q4 numbers, analysts reset stock target up to ₹1,900; Worried about reputation impact than financial, says CEO

Kotak Mahindra Bank’s share prices surged by over 5% on Monday, a day after the leading private sec…

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6 mins read

India could emerge as an economic superpower amid dull global economic landscape

IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…

ANI   


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3 mins read

Mastercard's AI system is helping banks keep fraudsters in check — and it could save millions of dollars

Mastercard has taken an AI-driven approach to detecting payment fraud and collaborating with banks …

Chris Stokel-Walker   


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2 mins read

Did you know the RBI Ombudsman received 68% more complaints in FY2023? Here’s how to file your grievance

Recently, the Reserve Bank of India (RBI) reported that the complaints to the Ombudsman have gone u…

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2 mins read

Why it's not that great that everyone is flocking to their online bank

Even though they took a hit following the banking turmoil earlier this year, small and regional ban…

Josée Rose   


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2 mins read

College students desperate for jobs are getting scammed online by criminals posing as tech recruiters

College students looking to join the workforce are being targeted by scammers offering attractive j…

Camilo Fonseca   


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2 mins read

Paytm Payments Bank set to expand existing relationships with leading third-party banks

Paytm Payments Bank Limited ("PPBL"), an associate of OCL (One 97 Communications Limited), has rece…

ANI   


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RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…

PTI   


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3 mins read

Markets extend gains for 5th session; Sensex revisits 74k

Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim…

PTI   


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Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action

At the NSE, it tumbled 13 per cent to the 52-week low of Rs 1,602. The company's market ca…

PTI   


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1 min read

Markets decline in early trade; Kotak Mahindra Bank tanks over 12%

Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahin…

PTI