by AIP Online Bureau | Dec 2, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Expressing concern over the rising sums of money lying in such accounts, the RBI said its supervisory inspections have revealed a slew of problems due to which accounts are becoming inoperative or get frozen Mumbai: The RBI on Monday asked banks to...
by AIP Online Bureau | Nov 19, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life
“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...
by AIP Online Bureau | Nov 18, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management
“While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” RBI Governor Shaktikanta Das said in a keynote address at the...
by AIP Online Bureau | Nov 16, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Risk Management, Technology
“Cloud adoption should be viewed as the start of a transformative journey that fuels long-term business growth, rather than the end game or destination. What’s clear from our research is that while the technology is seen by financial institutions as a building block,...
by AIP Online Bureau | Sep 28, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy
Alternative investments and substantial cash holdings in the unorganised sector slowed deposit accumulation, particularly in rural areas, RBI said New Delhi: Banks struggled to mobilise large deposits to meet the increasing credit demand in the last two financial...
