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Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official
The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…
PTI
EPS Pensioners to get pension from any bank, any branch, anywhere in India from January 1, announces Mansukh Mandaviya
The CPPS is expected to benefit over 7.8 million EPS pensioners of EPFO. By leveraging advanced IT …
ANI
SBI able to support loan growth, lower deposit growth not a challenge: Khara
Some experts have been opining that this is due to flow of savings into higher yielding capit…
PTI
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
Discouraging retail play in F&O may help banks garner deposits: SBI Chairman
Khara said the budget announcements like the tweaks on the short-term and long-term capital gains w…
PTI
RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…
ANI
Global cyber outage: Banks, payments systems unaffected by Microsoft outage
HDFC Bank, the biggest among the private sector lenders, also said that it has not faced any impact…
PTI
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
Surge in top-up housing loans not system-wide issue, says RBI Governor
Such cases are being dealt at the supervisory level bilaterally, he said. "Such practice…
PTI
Thinking of upgrading your smartphone? iPhone 15 Plus can be yours for under ₹65,000
Flipkart's Diwali sale is offering a huge discount on the iPhone 15 Plus, now available for ₹65,999…
What has changed for your credit cards, starting today?
Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…
Russia hit Google with a fine so big it defies comprehension, exposing a legal system adrift
Russia's massive Google fine is huge, symbolic, and likely unenforceable, but it's part of an incre…
Joshua Nelken-Zitser,Kieran C…
Fintech expert shares 5 ways AI can help detect deepfakes in eKYC systems
The recent PayTM saga exposed how financial institutions are finding it increasingly difficult to m…
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
A US missile-defense system, hailed as the world's best, is headed to Israel to counter Iran
The THAAD, or Terminal High Altitude Area Defense system, could help Israel bolster its air defense…
Tom Porter
China's stock markets are partying like it's 2008, overwhelming systems
The euphoria was thanks to Beijing's big-bang stimulus announcement, that showed urgency and concer…
Huileng Tan
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details
The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…