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Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs

Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs

by AIP Online Bureau | Feb 1, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Policy

This group will review the entire banking system and suggest changes to support India’s next stage of economic growth. At the same time, it will focus on financial stability, inclusion, and protecting consumers, said Sitharaman while delivering her 9th consecutive...
Scheduled commercial banks allowed to become sponsors of Pension Funds

Scheduled commercial banks allowed to become sponsors of Pension Funds

by AIP Online Bureau | Jan 1, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy

This will enhance competition and safeguard subscriber’s interests. The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now. By introducing a clearly defined eligibility criteria based on net worth, market...
Over 1000 banks, third party apps, payment firm join DoT’s Digital Intelligence Platform

Over 1000 banks, third party apps, payment firm join DoT’s Digital Intelligence Platform

by AIP Online Bureau | Dec 22, 2025 | Banking & Bancassurance, Indian News, Policy, Regulation, Risk Management, Technology

The Department of Telecom said that the players that have joined Digital Intelligence Platform (DIP) have started fraud risk indicators that have helped in preventing potential financial losses of approximately Rs 660 crore across the banking ecosystem New Delhi:Over...
Indian banks consider financing Russian oil from non-sanctioned sellers

Indian banks consider financing Russian oil from non-sanctioned sellers

by AIP Online Bureau | Nov 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. Banks in India are now willing to...

Banks must simplify tech to protect customers, says Kotak Mahindra Bank’s data protection chief

by AIP Online Bureau | Nov 20, 2025 | Banking & Bancassurance, Data, Eco/Invest/Demography

With the rise of AI-enabled scams and digital impersonation, he warned that banks face an increasingly complex threat landscape. Criminals no longer rely solely on direct financial theft; instead, they exploit sensitive data to pose as legitimate institutions. New...
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