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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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1 min read

SBI raises lending rates by 5 to 10 basis points; New loans to cost more

The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…

ANI   


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Stock market closing: Nifty, Sensex close in green, Tata Motors, HCL take lead

Out of 2,788 stocks traded today on the exchange, 1,527 saw advances, while 1,175 saw declines. 234…

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3 mins read

Stock market closing: Nifty, Sensex close the day in red, IT, Media gain major ground

As for sectoral indices, IT (up by 1.17%) and Media (up by 1.05%) gained during the day, while FMCG…

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2 mins read

More than half of banking jobs could be automated by AI — but banks will be slow to adopt, Citi report says

A new Citi report says finance will be "at the forefront" of changes due to artificial intelligence.

Emmalyse Brownstein   


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Stock market closing: Nifty, Sensex close the day in red, Axis bank stock dips by 5%

Out of the 2,765 stocks traded during the day, 1,369 saw advances, while 1,318 declined, and anothe…

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4 mins read

Union Budget 2024: When will it be presented, what time, where to watch and what are various sectors expecting?

Budget 2024 will be marked by major social and economic decisions, Sitharaman had recently noted in…

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2 mins read

Household savings are choosing mutual funds over banks to invest savings: RBI Governor

The households are choosing the capital markets over the banks to park or invest their savings, hig…

ANI   


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3 mins read

It’s not banks but insurance that the retail investors now fancy

Retail investors are betting on India’s top-down approach, shows the latest data released by AMFI (…

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2 mins read

Jio Financials gets RBI nod to become Core Investment Company

Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a …

ANI   


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Stock market closing: Sensex closes above 80,000, auto, pharma and realty indices rally

Maruti (up by 6.52%), Divis Labs (up by 2.37%), Mahindra and Mahindra (up by 2.23%), Titan (up by 1…

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Stock market today: PSU, Private banks dip, pharma and healthcare take lead in early trade

Nifty Bank, financial services, and private banks registered over 1% fall, while pharma and healthc…

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RBI initiates transition plan: Small finance banks to ascend to universal banking status

According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…

ANI   


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I quit Big Tech after a decade in the industry. I watched it change before my eyes and realized I could make a bigger impact elsewhere.

A former Big Tech worker took a six-month mental health leave and was laid off during their time aw…

Robin Madell   


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3 mins read

Global shifts make compelling case for a structural bull run in Indian assets, says Standard Chartered Bank’s wealth management office

India’s macroeconomic backdrop sets Indian financial market assets up to perform well on a multi-ye…

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3 mins read

Emma Magnus   


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2 mins read

Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to u…

PTI   


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3 mins read

Mastercard's AI system is helping banks keep fraudsters in check — and it could save millions of dollars

Mastercard has taken an AI-driven approach to detecting payment fraud and collaborating with banks …

Chris Stokel-Walker   


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Fintechs show strongest hiring intent in BFSI sector, focus on improved employee experience

The Banking, Financial Services and Insurance (BFSI) sector is projected to witness a strong surge …

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1 min read

Stable, strong financial system to act as bedrock for economic progress: RBI Governor

Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to …

PTI