World Bank, IMF Find Regulatory Gaps in India Finance
World Bank-IMF report reveals critical regulatory gaps in India's financial sector, highlighting limited RBI powers and differential treatment of public vs private institutions.
World Bank-IMF report reveals critical regulatory gaps in India's financial sector, highlighting limited RBI powers and differential treatment of public vs private institutions.
Chandigarh transfers Rs 85 crore from inoperative accounts to RBI's DEAF account. Learn about unclaimed deposits and how to reclaim your money.
NUCFDC plans to request RBI permission for smaller urban cooperative banks with net worth below ₹50 crore to offer digital banking services, aiming to boost financial inclusion.
Indian banks face rising AI implementation costs up to 40% while cybersecurity risks escalate. S&P Global Report reveals critical challenges in digital transformation journey. Learn how banks are navigating this complex landscape.
Public sector banks reported robust ₹93,675 crore net profit in H1 FY26 with NPA ratio falling to 2.30%. Finance ministry reviews digital transformation and government schemes progress.
Indian startups can now access loans up to ₹20 crore via the Jan Samarth portal. The platform ensures faster processing and offers special interest concessions for women entrepreneurs.
Finance Ministry urges public sector banks to increase credit flow to MSMEs and agriculture while maintaining strong risk management and digital expansion. Key initiatives reviewed.
Federal Reserve Governor Michael Barr urges clear AI regulations to prevent financial risks while balancing innovation. Learn about the potential impacts on markets and jobs.
India aims to create global banking giants, but experts warn size alone doesn't ensure better outcomes. Learn why commercial logic should drive mergers, not policy mandates.
Union Home Minister Amit Shah announces cooperative banks for all cities with 2+ lakh population. Plan aims to strengthen financial inclusion & cooperative sector. Read details.
Jharkhand High Court investigates contaminated blood transfusion causing HIV in children. Blood banks continue demanding replacement donors despite court orders. Next hearing November 19.
National Urban Cooperative Finance Corporation plans to apply for Self-Regulatory Organisation status from RBI by early January after crossing ₹300 crore capital threshold, enabling new financial services for cooperative banks.
Maharashtra government approves ₹827 crore capital infusion for Nashik, Nagpur & Dharashiv cooperative banks to strengthen rural credit flow. Opposition criticizes timing during election code.
India's PSU banks stage stunning 500% rally in 5 years, outpacing private peers. Foreign investment floods banking sector as consolidation rumors swirl. Discover the forces driving this financial transformation.
India unveils comprehensive AI governance guidelines emphasizing risk management within existing laws. The framework promotes innovation while ensuring safety through sector-specific approaches and content authentication.
RBI's new current account restrictions for large borrowers create division between private and public sector banks. Private banks fear losing cheap funds while PSBs stand to gain. Read full analysis.
Panchkula Deputy Commissioner orders immediate removal of construction debris from Sector 21, prioritizing resident safety and urban cleanliness in the city.
Exclusive insights from RBI's Malhotra on the careful balance between caution and courage that led to relaxed infrastructure lending norms for banks. Discover how this strategic shift impacts India's economic growth.
Planning to visit the bank today? Check our comprehensive guide to see if banks are open in your city due to the Wangala Festival holiday on November 10, 2023.
Singapore's DBS Bank is radically transforming its workforce, retraining traditional tellers as AI-powered relationship managers. Discover how artificial intelligence is reshaping banking careers.
Polaris Smart Metering is transforming India's power sector with 10 million smart meters deployment nationwide. Discover how they're doubling market share and revolutionizing energy management.
Citizens Financial and Webster Bank strategically sidestep potential proxy fights with activist investor Holdco, showcasing proactive governance in turbulent banking sector.
Global monetary policy undergoes seismic shift as major central banks signal end to easing cycle. Discover what this means for markets, inflation, and your investments.
Finance Minister Nirmala Sitharaman pushes for banking sector transformation, emphasizing India's need for multiple large, world-class banks to support its expanding economy and compete globally.
Finance Minister Nirmala Sitharaman announces transformative banking reforms, AI regulation framework, and GST simplification to fuel India's economic growth at SBI Conclave.
Exclusive: Indian government plans to maintain 26% cap on voting rights for major bank shareholders, ensuring regulatory control while balancing foreign investment interests in banking sector reforms.
Finance Minister Nirmala Sitharaman announces strategic discussions with RBI and banks to create large-scale, globally competitive Indian banking institutions that can drive economic growth.
Indian banking unions strongly oppose FM Nirmala Sitharaman's privatisation remarks, demand strengthening of public sector banks instead. Latest updates on the banking sector debate.
Discover how India's $245 billion IT industry is navigating AI uncertainties by strengthening relationships with top global clients while maintaining steady revenue growth.
India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.