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FM announces credit guarantee scheme, other measures for MSMEs

The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …

PTI   


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2 mins read

AI could slow BPO sector growth: Chief Economic Advisor Nageshwaran

Chief Economic Advisor V Anantha Nageswaran emphasized the crucial and positive role that artificia…

ANI   


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3 mins read

India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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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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SBI report dismisses bank deposit concerns as a 'Statistical Myth'

As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and …

ANI   


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Struggling with IPO filing? AI might come to your rescue soon

Sebi chief Madhabi Puri Buch disclosed at a FICCI conference that AI will be used to streamline the…

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11 mins read

Big banks promised to protect the planet. Now they're doing an about-face.

Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …

Catherine Boudreau   


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Decline in bank deposits because of non-uniform tax treatment on various investment options: SBI report

On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its lates…

ANI   


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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

RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23

The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…

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Russia's war economy is so hot that at least 12 of its oligarchs received $11 billion in dividends over 15 months

The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.

Huileng Tan   


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Data privacy: Three in four Indians hold public sector offices responsible for breach

Data breach stories are increasing by the day and this impacts one’s privacy directly. Who is to bl…

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2 mins read

Average cost of data breach in India reached an all-time high of Rs 195 Million, says IBM Report

The report highlights that 70% of breached organizations globally reported disruption. In India, l…

ANI   


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Public sector bank profits grew 3x in 9 years says Sitharaman

According to Finance Minister Nirmala Sitharaman, the profit of public sector banks (PSBs) in India…

PTI   


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RIL has been displaced by this public sector giant as India’s most profitable company

reliance has been displaced by this public sector banking giant as india’s most profitable company.

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2 mins read

Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report

Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…

PTI   


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Bank of Baroda becomes second public sector lender to hit ₹1 lakh crore market cap

Bank of Baroda became the second Indian public sector bank to hit a market capitalization of over ₹…

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Asian Development Bank upgrades 2023 growth outlook for developing Asia amid robust domestic demand

The Asian Development Bank (ADB) has revised its economic projections for developing economies in A…

ANI   


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Measures taken by IIFCL to keep bad loans under check: Parliamentary panel

The company has put in place a Board approved Management Policy which lays out the Directives…

PTI   


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Following Kotak Mahindra Bank’s strong Q4 numbers, analysts reset stock target up to ₹1,900; Worried about reputation impact than financial, says CEO

Kotak Mahindra Bank’s share prices surged by over 5% on Monday, a day after the leading private sec…