A banking organisation has called for a decisive wave of worldwide rate rises in order to combat inflation.

LONDON, June 26 (Reuters) – The Bank for International Settlements (BIS), which acts as an umbrella organisation for the world’s central banks, has urged the raising of interest rates in a “rapid and decisive” manner in order to forestall the current upward trend in inflation from developing into an even more serious issue. The Bank … Read more

South Indian Bank is getting ready to launch its digital banking unit and is looking to collaborate with other fintech aggregators.

South Indian Bank CEO Murali Ramakrishnan discussed the bank’s digital aspirations for other areas, as well as other topics, in an interview with Inc42. Ramakrishnan also discussed the inauguration of the bank’s first digital banking business. The bank has been concentrating its efforts on its digital projects, and it is currently exploring the possibility of … Read more

The partnership between traditional financial institutions and innovative financial technology companies will be beneficial for both parties involved. Mahabaleshwara MS, MD & CEO, Karnataka Bank

Karnataka Bank NSE -0.31 percent, a private banks with headquarters in Mangaluru and preparing to celebrate its centenary in the next year, reported an all-time high annual net profit of Rs 508 crore in the fiscal year 2021-22. ET’s KR Balasubramanyam sits down with the bank’s MD & CEO Mahabaleshwara MS to talk about the … Read more

From June 28, Uber says it would no longer accept payments made with American Express or Diners Club cards.

On Thursday, the ride-hailing giant Uber said that beginning on June 28 it would no longer be able to accept payments made using American Express or Diners Club cards. Customers of Uber have been told that the company does not support card tokenization on the cards in question. According to the most recent order issued … Read more