by AIP Online Bureau | Aug 10, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
In order to overcome the mismatch between deposits and lending, Sitharaman asked banks to come up with “innovative and attractive” deposit schemes to mobilise funds from the people,Nirmala Sitharaman , Finance minister Mumbai: Finance Minister Nirmala...
by AIP Online Bureau | Jul 20, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Policy, Regulation, Wealth Management/ Philanthropy
“While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds” New...
by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology
“These disclosures aim to enhance information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from...
by AIP Online Bureau | May 1, 2024 | Data, Eco/Invest/Demography, Technology
The report also delved into the transformational effect of generative AI on different banking roles. It categorized these roles into three main groups. Approximately 41 per cent of banking occupations, primarily involving data collection and processing, have a high...
by AIP Online Bureau | Mar 17, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy
Vivek Joshi ,Financial Services Secretary Banks have been sensitised on the matter, as the Department of Financial Services (DFS) regularly gets complaints that fraudulent and unethical practices are being adopted by banks and life insurance companies for procuring...
