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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
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
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
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
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
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…
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
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
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
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…
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
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…
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
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
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.
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
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 ₹…
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
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
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…