by AIP Online Bureau | Mar 6, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
“On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers,” the Reserve Bank of India (RBI) said in a circular Mumbai: India’s central bank on...
by AIP Online Bureau | Mar 3, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
”Rising return on term deposits has been driving the compositional shift in bank deposits: the share of term deposits in total deposits increased to 60.3 per cent in December 2023 from 57.2 per cent in March 2023,” it said New Delhi: Rising interest rates...
by AIP Online Bureau | Feb 26, 2024 | Eco/Invest/Demography, Indian News, Regulation, Technology
While the government has made it clear that there can be no compromise over the compliance to regulatory norms, it has also given the assurance that the fintech sector is seen as playing a key role in the Indian economy and various steps have been taken to nurture the...
by AIP Online Bureau | Feb 22, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management, Technology
Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation, Risk Management, Technology
While Indian banks have boosted spending on technology to detect potential money laundering and prevent fraud, the cases are rising. The number of reported frauds of more than 100,000 rupees ($1,205) rose 68 per cent to more than 14,000 from April to September last...
