The neo bank, which was launched in 2021 and has over 750,000...
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RBI to promote innovations in payment systems with soft touch regulations:Governor
Sanjay Malhotra,Governor , RBI "We will continue to encourage...
Financial inclusion: Massive surge in active women borrowers in India
A recent report by NITI Aayog revealed that at least 27 million...
Generali enters exclusive talks to buy Credit Agricole’s La Medical
Italian major Assicurazioni Generali SpA entered into exclusive talks with French banking major Credit Agricole CAGR.PA to buy the bank's health insurance unit La Medicale, both companies said in a joint statement on Wednesday. Generali would also buy the...
NITI floats idea of full-stack digital banks, seeks comments by Dec 31
Digital banks or DBs are banks as defined in the Banking Regulation Act, 1949 (B R Act), the paper said."In other words, these entities will issue deposits, make loans and offer the full suite of services that the B R Act empowers them to. As the name suggests...
Wall Street’s $22 Trillion Ticking Carbon Time Bomb
Banks in Turkey, Russia, Indonesia, India and China are most exposed to carbon-transition risk, with three sectors—manufacturers, transportation companies, and power producers and other utilities—accounting for more than 75% of the potential bad loan exposure, Moody’s...
Singapore’s DBS suffers second day of online banking disruption
Singapore is the biggest retail and wealth management market for DBS, which also has operations in places including Hong Kong, Indonesia and India. Singapore: DBS Group Holdings Ltd , Southeast Asia's largest bank, is facing disruptions in its online banking services...
JPMorgan named most important bank to health of world’s financial system
Being included in the table means having to hold additional capital and undergo more intense supervision to avoid a repeat of taxpayer bailouts in the banking crisis over a decade ago. In practice, the lenders typically hold capital buffers that are already above FSB...
Vulnerability in PNB server exposed customer data for about seven months: CyberX9
''Punjab National Bank kept severely compromising the security of funds, personal and financial information of over 180 million (all) its customers for about the last 7 months. PNB only woke up and fixed the vulnerability when CyberX9 discovered the vulnerability and...
Sitharaman announces clearance to 3 key projects worth Rs 500 crore for IFSCA
Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman underlined that the central government's commitment to make GIFT City a world-class fintech hub as stated in the Union Budget 2021-22 GIFT-IFSC is especially targeted towards companies...
PM Modi to inaugurate IFSCA’s InFinity Forum on December 3
IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs) in India. New Delhi; Prime Minister Narendra Modi will inaugurate the 'InFinity...
RBI recommends strict data protection in digital lending
The committee recommended that data collection should happen only with prior and explicit consent of the borrowers. "The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging...
Global Indians focus on sustainability for investing in India:HSBC report
Sustainability plays a major role in investors' decision making, with more than three quarters (76 per cent) of global Indians saying environmental and social initiatives such as renewable energy and skills development are a key part of their decision making when...