The State Bank of India’s (SBI) Shanghai branch has become the first Indian bank to link up with China’s National Advance Payment System (CNAPS). After being a member...
The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on...
Indian Posts has made a decision to convert India Post Payments Bank into Small Finance Bank. This will enable the Bank to offer small loans to customers. Payment...
Aadhaar architect Nandan Nilekani has launched an account aggregator model – Sahamati – via which, individuals and small businesses can share their digital financial data with third-parties in...
The Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019. This bill aims to curb the menace of non regulated financial schemes in the country...
The Andhra Bank has partnered with Floatbot to offer an Artificial Intelligence-powered virtual assistant for online banking users. The AI chatbot named “ABHi” – made by Floatbot –...
The Bimal Jalan Committee which was formed under former RBI Governor Jalan on December 26, 2018, to investigate the economic capital framework (ECF) for the Reserve Bank of...
The L&T Infrastructure Finance Company Limited (LTIF) has become the first Non-Banking Finance Company (NBFC) to get $100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending...
The annual banking statistics released by the Swiss National Bank makes the following observations: The UK has retained its top position in terms of money parked by its citizens and...
Sarada Kumar Hota has been appointed as the new Managing Director of National Housing Bank (NHB) for a period of three years. Prior to this appointment, Hota was...
