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Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion by 2030: S&P Global

Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backe…

ANI   


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Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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The CEO who believes that there’s a lot more to digitise at banks

the new CEO of Kotak Mahindra Bank Ashok Vaswani thinks that a lot more technology can be deployed …

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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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Risk-based premium for deposit insurance merits consideration: RBI Deputy Governor Swaminathan

Speaking at a conference in Jaipur, Swaminathan also said that as the financial sector becomes more…

PTI   


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Aadhar Housing Finance sets IPO price band at ₹300-315 per share

This will be the third maiden public issue opening next week after TBO Tek and Indegene. …

PTI   


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Digitalisation, credit growth, government policies to drive MSME growth, say experts

The report also shared a survey finding (published in June 2021) conducted by Bluehost, a web ho…

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1 min read

Electoral bonds: SC issues notice to SBI, says bond numbers not disclosed

The Supreme Court said on Friday that the State Bank of India (SBI) should have disclosed the uniqu…

PTI   


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Emerging markets’ digitisation roadmap different from West: Gupshup CEO

The next two decades could see the greatest amount of digitisation and “maybe even wealth creat…

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E-commerce and digitisation to accelerate India's auto sector growth, says report

Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of India's au…

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4 mins read

Have a complaint against your bank? Here’s how RBI plans to resolve your grievances

The Reserve Bank of India (RBI) committee on customer service standards has proposed numerous recom…

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Paytm Card Machine is transforming in-store payments for India’s merchants — here are its top five advantages

Paytm All-in-One Card Machine, millions of merchants have been able to revamp in-store payments acc…

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3 mins read

The future of banking is entirely digital

The unanticipated global pandemic caused a shift to the digital era for all kinds of businesses. Ba…

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Indian economy to grow at 7% in FY23 global headwinds, says Finance Ministry

Despite the global economy operating under an extremely challenging macroeconomic environment like …

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4 mins read

Here’s what takes the fun out of shopping, and no, it isn't the price tag

Ineffective messaging, lack of visibility and control, and multiple attempts to find the right prod…

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6 mins read

India’s digital currency to be launched in FY23 to be cost effective, transparent and secure

The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…

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CBDC trial a landmark moment in the history of money: Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das today announced that retail central bank digital cur…

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3 mins read

India needs 4-5 more SBI sized banks, says Nirmala Sitharaman

India needs a lot more banks and a lot more large sized ones to meet the growing needs of the count…

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Digitisation is the only choice for small businesses in India — and it may add up to $200 billion to the GDP

According to the Cisco India SMB Digital Maturity Study 2020, digitalisation of small and medium…

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4 mins read

HDFC Bank is looking to hire 2,500 people in the next six months across India to double its rural cover

Shares of private sector lender, HDFC Bank, gained close to 2% on Monday’s trade to ₹1,625 apiece a…