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UK regulators warn frontier AI could turbocharge cyberattacks faster than human experts

UK regulators warn frontier AI could turbocharge cyberattacks faster than human experts

UK financial authorities are urging firms to prepare for risks from frontier AI models, saying their cyber capabilities can exceed what skilled human practitioners achieve. In a joint statement, the finance ministry, the Bank of England and the Financial Conduct Authority warned that if these systems are used maliciously, they could amplify threats to firms’ safety, customer protection, market integrity and financial stability. Regulators also pointed to concerns raised by BoE governor Andrew Bailey about Anthropic’s Mythos product.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Emirates NBD secures India nod to buy majority in RBL Bank in 3 billion dollar deal

Emirates NBD secures India nod to buy majority in RBL Bank in 3 billion dollar deal

Emirates NBD has received all required approvals, including from the Government of India, to acquire a majority controlling stake in RBL Bank. First announced on October 18, 2025, the deal involves Emirates NBD subscribing to about 959 million fully paid equity shares via a preferential issue at ₹280 each, totaling roughly $3 billion. The investment is expected to position Emirates NBD as promoter, with final ownership potentially ranging from 51% to 74% after foreign ownership limits and a mandatory open offer. RBL will operate as a foreign bank subsidiary, with Emirates NBD’s India branch operations in Mumbai, Chennai, and Gurugram potentially amalgamated subject to further clearances.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Indian banks stay resilient after RBI cut as margins squeeze grows, report finds asset quality still steady

Indian banks stay resilient after RBI cut as margins squeeze grows, report finds asset quality still steady

Indian banks are showing financial stability even as profit margins come under pressure after the RBI’s December 2025 repo rate cut, according to Systematix Institutional Equities. The report notes that lower lending rates have reduced banks’ interest income, dragging net interest margins, though slippages remain broadly controlled. Asset quality in January-March FY26 stayed stable across most banks, while deposit growth remained healthy and loan growth continued to hold up. Banks are also preparing for new ECL credit-loss rules.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Markets rebound as block deals and results hit Adani Tata Steel and Jio Financial in focus

Markets rebound as block deals and results hit Adani Tata Steel and Jio Financial in focus

Markets extended their rebound for a second straight session on supportive global cues and selective buying in heavyweight stocks, with banking shares driving the relief. IT stocks, however, stayed under pressure. Multiple firms drew attention ahead of earnings: Power Grid, Tata Steel, SAIL, Hindustan Copper, Cochin Shipyard, Premier Energies, Godfrey Phillips and ITC Hotels. Adani Enterprises saw a massive block trade, Tata Motors PV reported a steep profit drop, while JSW Steel and Jio Financial posted sharp financial and deal-linked moves.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Bank of America appoints tech M&A veteran Richard Hardegree in semiconductor push from UBS

Bank of America appoints tech M&A veteran Richard Hardegree in semiconductor push from UBS

Bank of America has named UBS investment banker Richard Hardegree as its new vice chair for mergers and acquisitions, according to an internal memo Reuters reviewed. Hardegree, who has more than 30 years of M&A experience and previously led technology investment banking at UBS, will join the bank in August and be based in Palo Alto. He will focus on semiconductors and report to Bank of America’s co-heads of global M&A, signaling a push to expand tech deal market share. The memo also cites booming deal momentum into 2026.

Summarised by Beize from a story on The Economic Times on 14 May 2026
RBI cancels licenses of 150 NBFCs leaving many firms suddenly unable to operate

RBI cancels licenses of 150 NBFCs leaving many firms suddenly unable to operate

The Reserve Bank of India has cancelled the registrations of 150 non-banking financial companies, effectively barring them from conducting financial business. The highest number of affected firms are registered in Delhi (about 67) and West Bengal (about 75). The move, taken under the RBI Act, 1934, impacts lending, leasing, and investment activities tied to these NBFCs.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Australian shares hold steady as banks rebound but US China talks sway investors

Australian shares hold steady as banks rebound but US China talks sway investors

Australian shares edged flat as a bank rebound helped offset wider market weakness. Investors remain focused on upcoming US China summit developments, with expectations kept deliberately low. Traders are looking less for big breakthroughs and more for reassurance—especially around extending the existing trade tariff truce and avoiding sudden surprises.

Summarised by Beize from a story on The Economic Times on 14 May 2026
NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake

NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake

The National Company Law Tribunal has admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality. The real estate firm is reportedly in default of more than Rs 567 crore. The case comes after multiple settlement attempts failed and years of litigation left the dispute unresolved, paving the way for insolvency proceedings.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Bank of Baroda plans to double size in five years to outcompete global rivals

Bank of Baroda plans to double size in five years to outcompete global rivals

Bank of Baroda, India’s second-biggest state lender, says it aims to double its balance sheet within five years. CEO Debadatta Chand points to expected economic growth, rising credit demand, and a push into fee-based income. He also argues that scale and capital strength will be crucial as policymakers discuss creating even larger state-run banks.

Summarised by Beize from a story on The Economic Times on 14 May 2026
India’s top banks disclose climate data but ignore lending risks as floods and heat worsen

India’s top banks disclose climate data but ignore lending risks as floods and heat worsen

India’s biggest banks are publishing increasing climate disclosures, but the data is not being used to steer lending decisions. As physical risks like flooding and extreme heat intensify, they threaten loan portfolios. Only a small number conduct climate stress tests or reduce coal exposure. The RBI supplies information but has not made disclosures mandatory, raising fears of financial instability and stranded assets.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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MSCI adds Federal Bank Indian Bank MCX and Nalco boosting investment hopes

MSCI adds Federal Bank Indian Bank MCX and Nalco boosting investment hopes

MSCI has announced major changes to its indices, naming Federal Bank, Indian Bank, Multi Commodity Exchange of India and Nalco for inclusion in the Global Standard Index. The additions are expected to attract meaningful inflows as index-linked funds rebalance. However, Adani Energy Solutions has been excluded after MSCI flagged surveillance concerns.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Shivalik Small Bank nears deal for ManiBhavnam Home Finance after RBI nod

Shivalik Small Bank nears deal for ManiBhavnam Home Finance after RBI nod

Shivalik Small Bank has received Reserve Bank of India approval to acquire ManiBhavnam Home Finance, sources say. The bank is now seeking clearance from the Registrar of Companies, a step expected to complete the process. The proposed deal reportedly combines share swaps with a cash payment, pointing to a structured transfer rather than a simple purchase.

Summarised by Beize from a story on The Economic Times on 13 May 2026
NBFCs can tie up dealers for outward remittances without prior RBI nod

NBFCs can tie up dealers for outward remittances without prior RBI nod

A new framework for outward remittances eases the process for NBFCs handling dealer tie-ups. Instead of seeking prior RBI approval, the regulatory emphasis shifts to what happens after onboarding—stronger compliance, transparency, and consumer protection obligations enforced at the regulated banks facilitating these transactions.

Summarised by Beize from a story on The Economic Times on 13 May 2026
SEBI clarifies banks and brokers face no offshore fund tax liability easing foreign fund launches

SEBI clarifies banks and brokers face no offshore fund tax liability easing foreign fund launches

SEBI has clarified that Indian banks and brokers will not be held liable for taxes owed by offshore funds, as two sources familiar with the development said. The move removes a key compliance hurdle that had slowed fund launches after earlier fears that local representatives could face penalties for clients tax demands. The clarification is expected to unblock new foreign investments.

Summarised by Beize from a story on Republic on 13 May 2026

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Sensex and Nifty stall as banking weighs down market and Titan sparks a tariff shock

Sensex and Nifty stall as banking weighs down market and Titan sparks a tariff shock

Indian benchmark indices showed resilience but ended nearly flat in a volatile session. The Nifty 50 hovered around 23,400 with a broader market tilt toward decliners. The Sensex struggled as banking dragged sentiment. A major driver was Titan, which saw heavy selling after import tariffs were raised, while select FMCG and pharma stocks offered limited support.

Summarised by Beize from a story on Republic on 13 May 2026
SBI shares slide 20% from peak as Q4 NIMs shrink shakes investors—brokerages still see upside

SBI shares slide 20% from peak as Q4 NIMs shrink shakes investors—brokerages still see upside

State Bank of India shares have extended their decline, now down more than 20% from their peak, after Q4 results showed margin contraction and a sequential fall in net interest income. While investors react to the weaker trajectory, multiple brokerages continue to back the stock with revised targets, pointing to enduring fundamentals and a sustained “Buy” stance.

Summarised by Beize from a story on The Economic Times on 13 May 2026
ECLGS 5 0 to supercharge mid sized banks lending to MSMEs with government guarantees

ECLGS 5 0 to supercharge mid sized banks lending to MSMEs with government guarantees

The government’s Emergency Credit Line Guarantee Scheme 5.0 is designed to strengthen credit availability, especially via mid-sized banks with heavy exposure to micro, small and medium enterprises. By using government guarantees to reduce lender risk, the scheme is expected to unlock more lending and improve the flow of funds to a sector central to jobs and growth.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Indian banks eye double digit corporate credit growth as infra and data centre demand surges

Indian banks eye double digit corporate credit growth as infra and data centre demand surges

Indian banks are gearing up for robust double digit corporate credit growth this fiscal year, driven by faster demand from infrastructure, renewable energy, manufacturing, and data centre projects. Lenders including SBI and Bank of Baroda report healthy loan pipelines, signaling an upbeat outlook for business lending. Yet, sustaining the momentum hinges on managing liquidity pressures.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Canara Bank bets on core income after treasury losses cut profit by 10 percent

Canara Bank bets on core income after treasury losses cut profit by 10 percent

Canara Bank reported a 10% dip in net profit last quarter, driven mainly by treasury losses. The lender says it will lean on core income to protect net interest margins while funding stays healthy. Management expects advances to grow 11-12% and deposits 9-10% this year, with asset quality holding up through a low slippage ratio.

Summarised by Beize from a story on The Economic Times on 12 May 2026
US bank admits data leak after sharing customer details with an AI app

US bank admits data leak after sharing customer details with an AI app

Community Bank disclosed a cybersecurity incident after customer information was shared with an AI app. The exposed data included customers’ names, dates of birth, and Social Security numbers. The bank, serving Pennsylvania, Ohio, and West Virginia, says it discovered and reported the issue as it investigates potential impact and works to secure systems going forward.

Summarised by Beize from a story on TechCrunch on 12 May 2026
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