Nandan Nilekani unveiled an account aggregator model “Sahamati”

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 a safe and secure manner. For example, a user seeking a loan ..

Banning of Unregulated Deposit Schemes Bill, 2019

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 and will authorize the government to effectively seize the immovable and movable ..

Andhra Bank partners with Floatbot to launch AI chatbot “ABHi”

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 – is integrated with Core Banking Servers (CBS) of Andhra Bank and will ..

Bimal Jalan Committe

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 India. Why was it formed? As per conventional estimates, the RBI has ..

L&T Finance Holdings becomes first NBFC to get $100 million loan from AIIB for Green Energy Funding

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 to wind and solar power infrastructure projects in India. LTIF is a ..

Swiss National Bank – Annual Banking Statistics: Relevant Points

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 enterprises with Swiss banks. The UK accounts for more than 26 per ..