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ASHWIN MANIKANDAN
RBI committee recommends AI framework for finance sectorA Reserve Bank of India panel suggests a plan for Artificial Intelligence in finance. The proposal includes building local AI models and a ...- Pine Labs eyes Asia operations of sinking WirecardAt least four major payment deployers, including Hitachi Payments and Atos-backed Wordline Technology, have made enquiries about its sale, ...
- Lenders will have to do a better job, and channels that they use need to evolve: Shahid Charania, MD, EquifaxShahid Charania, managing director, emerging markets,Equifax, discusses how India is going through a shift in credit behaviour with millenn...
- Samunnati Financial raises Rs 33 crore via offshore bondsThis is the NBFC's fifth such off-shore debt issuance in the last seven months.
- IDBI Bank’s losses triple in Dec quarterThe bank’s provision coverage ratio improved to 75 per cent from 56 per cent in September.
- Union Bank is back in blackThe bank believes its domestic growth would remain strong while overseas exposure is being trimmed.
- Amdavad Municipal Body raises Rs 200 croreIssuances of municipal bonds have been incentivised by the government to bring transparency and create a discipline in the financial perfor...
- Ahmedabad Municipal Corporation raises Rs 200 crore via bondsWith a maturity of five years, the bonds offer an interest rate of 8.7%.
- Payments banks see second straight year of lossesThe operating profits of these banks also remained negative with a loss of Rs 522.1 crore for fiscal 2018, up from Rs 240.7 crore a year be...
- Complaints with bank ombudsman surge 25% in FY18Of all the complaints received at the ombudsman's offices, 97% of them were resolved in 2017-18, up from 92% a year earlier.
- RBI moves to boost digital transactions, protect usersRBI announced reduced consumer liability in case of reported fraudulent digital transactions, and a grievance redressal mechanism for such ...
- Satin Creditcare launches digital lending appThe mobile application can be used for availing instant loans of Rs.20,000 of Rs.25,000 with a payback tenure of 9 or 12 months at 25% inte...
- Satin Credit’s fund cost up by 75 bpsIt also lends to the affordable housing segment in rural areas and to the SME sector.
- Porsche unveils Cayenne starting at Rs 1.19 croreThe SUV will be available in 3 variants: Cayenne, Cayenne E-hybrid and Cayenne Turbo.
- Steelmakers bet on demand for tinplate from packaging companies"The use of tin as a mode of packaging has picked up," Jayant Acharya, director of commercial and marketing, JSW Steel, told ET.
- Vedanta Resources gets approval to delist from LSEVolcan, controlled by Agarwal as executive chairman, owns nearly 67% in Vedanta Resources.
- SBI Card and Apollo Healthcare launch co-branded card offering access to healthcare servicesCard-holders will get OneApollo membership in which customers can access a variety of healthcare services and benefits at any Apollo health...
- Barclays Hurun India rich list 2018: Mukesh Ambani retains top spot; 214 new additionsMukesh Ambani, chairman of Reliance Industries, who has been topping the rich list since it was launched in 2012, has retained the position...
- SBI announces steps to go carbon neutral by 2030SBI announced a slew of initiatives such as migrating to EVs, installing solar panels on buildings and ATMs, and banning plastic in its off...
- Myntra unveils first smart wearable device Blink Go at Rs 4,199The device will help to set personal fitness goals that include activity tracking.
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