Tag: financial news

An overlooked Fed policy comes into focus as central bankers weigh how to slow ‘QT’

by Taufan
Central bank officials are expected this week to discuss a strategy for how to slow the shrinking of the Federal Reserve’s balance sheet, a lesser-known policy tool they have used to tighten financial conditions while fighting inflation. Over the last two years, the Fed has shed roughly $1.5 trillion in Treasury and mortgage bonds that it accumulated while trying to stimulate the economy during the early parts of the pandemic, at a pace of roughly $100 billion every month. Allowing those bonds to mature acts to push up long-term interest rates as more bonds have to be snapped up by…
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Finance Ministry asks SBI to form committee to tackle co-lending issues | Finance News

by Taufan
4 min read Last Updated : May 16 2024 | 11:30 PM IST The Finance Ministry has asked the State Bank of India (SBI) to set up a committee to address issues related to the co-lending business model, said a senior government official who does not wish to be named. The Reserve Bank of India had allowed banks to co-lend or co-originate loans with non-banking finance companies, including housing finance companies, to enhance the flow of credit to the unserved and underserved sections of the economy. Non-banking finance companies can take a maximum of 20 per cent, according to the…
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The AI ​​revolution in finance: Transforming the global landscape

by Taufan
The financial sector is undergoing a profound transformation driven by the rapid advancement and integration of artificial intelligence (AI). In 2023, global investment in AI within the financial industry reaches an impressive $35 billion. This figure is projected to reach $97 billion by 2027, reflecting the growing recognition of AI’s potential to revolutionize financial services by enhancing efficiency, reducing costs, and mitigating risks. Reports suggest that in the Asia-Pacific region, AI investment is set to hit $49.2 billion by 2026. Notably, a staggering 92% of this investment is dedicated to AI systems focused on fraud analysis and integration. This substantial…
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