Union Finance Minister Nirmala Sitharaman has said that Indian banks must adopt a more versatile and proactive approach to counter emerging artificial intelligence-driven cyber threats.
Manohar Lal chaired a review meeting on the implementation of the PM SVANidhi Scheme with representatives of 33 states and Union Territories, senior officials from the Ministry of Housing and Urban Affairs (MoHUA) and Department of Financial Services (DFS), and major Banks/SLBC Convenors, in New Delhi.
Money is not merely a piece of paper or a metal disc or an electronic digit but ‘in essence it is a social relationship’. Money is the promise to repay by one to another in a society. The promise is based upon trust.
With the RBI’s 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.
PhonePe said it has over 535 million registered users and aims to create a powerful and seamless user experience in the secured loans category.
On the occasion of Paschim Banga Gramin Bank's 18th Foundation Day, the bank has joined hands with M-Swasth to inaugurate 18 E-Clinics within its branches.
For NBFCs, loans with a ticket size below Rs 1 lakh constituted over 85 per cent of loan originations by volume in FY23.
The state government today asked banks to speed up the clearance of pending applications under Bhabishyat credit card and West Bengal Student Credit Card scheme (WBSCC).
All sectors including auto, banks, consumer durables FMCG, healthcare witnessed a positive performance in September.
