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Latest Articles in banking
In Big Boost To Bilateral Ties, UPI-based Payments To Be Accepted In Sri Lanka
So far, France, UAE, and Singapore had partnered with India on emerging fintech and payment solutions
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Credit Card Spending Hits Record High At Rs 1.4 Lakh Cr; 87.4 Mn Cards In Use
While credit card spends were between Rs 1.1-1.2 lakh crore throughout the fiscal year 2023, they reached a new peak of Rs 1.4 lakh crore in May. Additionally, the average spend per card reached a record high of Rs 16,144
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Embracing Automation & Innovation: A Transformative Era For Banking
With automation as the engine and innovation as the compass, banks can navigate the evolving landscape with confidence, delivering unparalleled value to their customers and driving industry-wide progress
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76% Of Rs 2000 Bank Notes Returned Since Withdrawal Announcement: RBI
According to data collected from major banks, 87 per cent of the total Rs 2,000 banknotes returned from circulation were in the form of deposits, while the remaining 13 per cent were exchanged for banknotes of other denominations
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Centre Authorises PSBs, Select Private Banks To Implement Mahila Samman Savings Certificate
The scheme has been made available in all 1.59 lakh post offices from 1 April 2023, when the finance ministry formally issued the notification
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5G Expected To Unlock Opportunities For India's Tech Talent Pool: Report
Over 80 per cent of respondents foresee job creation and upskilling in the IT, banking, and financial services sectors due to 5G
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India Ready To Move From Banking To Neo-banking, Riding On UPI, ONDC: Report
India's digital transformation, coupled with improved consumer access, reach and technology proliferation, has opened doors for innovation across the industry, it says
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BC Sakhis Contributing Actively To Digital Transactions In Rural India, Says Experts
This was stated in a national conclave to promote digital transactions at gram panchayat level in Lucknow on Thursday
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Amid Rs 2,000 Deposits, PAN Details Necessary For Deposits Above Rs 50,000
The RBI states that banks will have their own processes and rules for exchanging Rs 2,000 notes
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IDFC First Bank CEO Vaidyanathan V Supports Lowering Highest Denomination Currency In India
He highlights that the highest denomination currency as a percentage of per capita GDP is significantly lower in developed countries
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V Vaidyanathan's Ode To N Vaghul
Some extraordinary people like him can never be forgotten. To meet and know such people is a privilege of our lifetimes, says the author
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BW Explains: Banks Flag High Overnight Rates, What Does It Mean For Consumers?
Overnight rates are a good indicator of short-term interest rate movements in the broader economy and lead to a domino effect on various economic indicators such as employment and inflation
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Bank of Baroda Makes Rs 500 Cr Provision Against Go First Exposure
The bank has an exposure of Rs 1,300 crore to the troubled airline, out of which Rs 1,000 crore has collateral by tangible securities and corporate guarantees
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Gender Imbalance In BFSI Tech Industry Linked To Unequal Salary Hikes: Report
The banking, financial services and insurance (BFSI) sector is evolving under the influence of advanced technologies – artificial intelligence (AI), the internet of things (IoT), data science etc
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Finance Ministry Calls PSBs To Increase Write-off Accounts Recovery By 40%
Currently, the recovery rate from written-off accounts is less than 15 per cent and public sector banks (PSBs) can recover only 14 per cent from the last five years, Rs 7.34 lakh crore as on March 2022
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