AI in Indian Banking: Technology May Reshape Jobs Rather Than Replace Bankers
Artificial intelligence (AI) is expected to significantly transform India’s banking sector, but its impact is likely to involve job redesign
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Financial Intelligence Unit–India: Strengthening the Fight Against Money Laundering
The Financial Intelligence Unit–India (FIU-IND) plays a central role in combating money laundering and ensuring financial system integrity in India.
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RBI clears amalgamation of 2 urban co-op banks
The Reserve Bank of India (RBI) has approved two voluntary amalgamations in the urban co-operative bank (UCB) space — The
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Govt mopped up Rs. 98,681 crore in FY23 from LTCG tax
The government has garnered Rs 98,681 crore from long term capital gains tax on listed equities in 2022-23, a 15
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Banks disallow excess funds in credit card A/Cs
Indian banks are no longer allowing credit card users to pay more than their outstanding amount. And in the cases
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Bank credit likely to grow 13-13.5% in FY24: CARE
Scheduled commercial banks’ (SCBs) credit growth is expected to be in the range of 13.0-13.5 per cent for FY24, excluding
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Jan Dhan A/Cs reaching 50 crore a key milestone
The number of Jan Dhan accounts reaching the 50-crore mark is a significant milestone, said Prime Minister Narendra Modi, and
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CII: Re trade with Bangle to boost bilateral biz
Trade settlement between India and Bangladesh in Indian currency will boost bilateral commerce, feels industry body CII. Bangladesh and India
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Unsecured loans jump 47% in 2 years till March led by small-ticket lending
Unsecured retail loans grew at a CAGR (compounded annual growth rate) of 47 per cent from March 2021 to March
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FDI flows into India rose 10% to $49 billion in 2022
Foreign Direct Investment (FDI) flows into India rose by 10% to $49 billion in 2022, making it the third largest
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