The Latest Breaking News on Financial Services

After mass withdrawals in 2023, some small banks have enacted stricter loan criteria, and customers are looking for big returns.

Congress questioned the latest Reserve Bank of India (RBI) instructions to the banks allowing for “technical write-offs” for accounts categorised as wilful defaults and allowing such accounts to take fresh loans after a cooling-off period.

Bank unions AIBOC and AIBEA opposed RBI’s move to allow lenders to settle loans of wilful defaulters under compromise settlement.

Just over a third of complaints dealt with by the Financial Ombudsman Service in the 2022/23 financial year were upheld in consumers’ favour.

Consumer group Which? carried out research among more than 2,700 bank customers with disabilities.

Minister of State for Entrepreneurship, Skill Development, Electronics and Information Technology Rajeev Chandrasekhar has stressed on the relevance of skills in the job sector in the post-COVID-19 era.

The U.S. banking industry remains confronted with notable challenges after the recent collapses of three regional banks. With the effects of the bank crisis expected to last longer, investors could consider investing in fundamentally stable foreign bank stocks KB Financial (KB), Woori Financial (WF), and Banco Macro (BMA) instead this…

The appointment of the acting governor comes after the suspension and arrest of his powerful predecessor at the weekend.

The banking industry is slowly moving toward stability after witnessing considerable volatility since March due to the failure of three regional banks. While PacWest Bancorp (PACW) completed the sale of its real-estate loans, FS Bancorp (FSBW) acquired seven branches from Columbia State Bank. Let’s compare these two bank stocks to…