Bank boards need better processes, not just RBI governance rules

Revised RBI norms on bank guarantees could squeeze proprietary traders by sharply reducing leverage and raising funding costs, potentially hurting derivatives trading volumes. Analysts say the move, along with higher STT, may weigh on the valuations of exchange operators such as NSE, BSE and MCX.

White House advisor Michael Kratsios suggests AI is sometimes blamed for job cuts. Companies may use AI as a public reason for layoffs they planned anyway. Investors often reward companies producing more revenue with fewer employees. Kratsios remains optimistic about AI’s long-term positive impact on employment. Other business leaders echo similar observations regarding AI’s role.

Facing financial pressure can take a toll on both daily life and mental health. Philippians 4:19 reassures us that God is aware of our true needs. This verse encourages trust in divine provision while reminding us to avoid fear-driven decisions. Cultivating faith means planning wisely and making thoughtful financial choices, as God grants us the…