Topic
banks
Finance From Finance to Human Trafficking: How Banks Can Protect Customers During the 2026 World Cup
As the 2026 FIFA World Cup approaches, financial institutions face heightened risks of fraud and human trafficking. The article outlines how banks can use AI tools and layered defense strategies to protect customers from authorized and unauthorized frauds, especially ticket resale scams and geographical risks across host cities.
Finance RBI tightens mis-selling rules; banks barred from incentive structures that encourage aggressive sales
The Reserve Bank of India on Monday tightened norms governing the advertising, marketing and sale of financial products and services to curb mis-selling. Banks and NBFCs are barred from incentive structures that encourage aggressive sales. The revised directions, effective January 1, 2027, adopt a principle-based, channel-agnostic approach and cover digital intermediaries including social media influencers.
Finance After RBI Measures, Banks Offer Up to 7% on Dollar Deposits, Boosting Arbitrage for Trade Finance
Following the Reserve Bank of India's free hedging window, banks are offering up to 7.1% on Foreign Currency Non-Resident (Bank) deposits. Yes Bank, AU Small Finance Bank, and Karur Vysya Bank lead with rates exceeding 7%, while larger peers offer around 6%. The development opens an arbitrage between offshore borrowing costs and onshore returns, with implications for trade finance and forex management for importers and exporters.
Trade India's Gold Tariff Hike Spurs Smuggling Surge
India's recent gold tariff hike has led to a resurgence in smuggling, with illegal imports potentially exceeding 100 tons in 2026. This has created challenges for banks and refiners, as grey market discounts disrupt legal trade.
Regulations & Compliance US Treasury urges banks to monitor migrant transactions
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