Tag: financial news

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

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…

Finance Ministry asks SBI to form committee to tackle co-lending issues | Finance NewsFinance Ministry asks SBI to form committee to tackle co-lending issues | Finance News

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…

The AI ​​revolution in finance: Transforming the global landscapeThe AI ​​revolution in finance: Transforming the global landscape

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…