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RBI Governor Malhotra outlines which Indian banks will win the AI eraRBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain cl...- Psychology says your brain may remember things in the shower for a surprising reasonThe next time a forgotten name, unfinished task, or sudden flash of inspiration pops into your mind while you're in the shower, it may seem...
- Rs 20,000 crore credit guarantee plan misses the markBanks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with s...
- As banks shrink microfinance books, bigger MFIs prepare to grab the gapLarge microfinance companies including Muthoot Microfin and Satin Creditcare have raised their growth forecasts as private banks, small fin...
- Bengaluru: Railway Board accords in-principle approval for BMRCL's CBTC signalling systemThe Railway Board has approved CBTC signalling for BMRCL's Pink Line and Blue Line. This approval is a significant step towards opening the...
- Can NRIs open Sukanya Samriddhi Yojana account offering 8.2% interest rate?Sukanya Samriddhi Yojana provides a favorable tax regime for parents budgeting for their daughters. Only resident Indian girls aged below t...
- CEA flags AI risks, warns against exclusionIndia must proactively address AI safety and security, especially within the financial sector. Chief Economic Advisor V Anantha Nageswaran ...
- Student loans, GoI reading this rightIn a groundbreaking move, the government is set to double education loan disbursals across the country, enabling greater access to higher e...
- RBI allows gradual device restrictions for EMI defaults, eases recovery agent disclosure normsThe Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...
- Resident accused of maintenance default and nuisance wins eviction case lodged by housing society; Maharashtra co-op appellate court explains whyResident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Ma...
- RBI relaxes device-loan recovery normsThe Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...
- RBI bars banks from disabling mobile devices of defaulting borrowersBanks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were finance...
- Zomato assures Bengaluru restaurateurs of action on grievances; Swiggy talks due FridayAmong the key assurances, Zomato agreed that restaurants and darshinis would have the choice to opt into promotional and discount campaigns...
- FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
- RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
- Voda Idea gets Rs 26.8 cr DoT notice for alleged default in spectrum-related rollout obligationsVodafone Idea was issued a penalty notice by the Telecom Department amounting to Rs 26.83 crore. This action stems from an alleged breach o...
- You might never get your dream job: Psychology says your brain could be the biggest obstacle, here's how to overcome itMany people blame the job market for missing out on their dream career, but neuroscientist Emily McDonald says the biggest obstacle could b...
- Sebi penalises SME firm Kalahridhaan Trendz, promoters for misleading disclosuresKalahridhaan Trendz has been penalized by Sebi with a fine of Rs 1 crore for hiding a loan default and giving deceptive corporate announcem...
- States conducted over 1.69 lakh raids so far in FY27 to curb hoarding of fertilisers: GovtStates have conducted over 1.69 lakh raids to curb fertilizer malpractices. 270 FIRs have been registered against defaulters for these viol...
- AI Big Short? Why rising credit default swaps are spooking investors and how is it similar to 2008 housing crisisRising credit default swaps on major technology companies are fuelling concerns over a potential AI-driven market correction. Investors are...
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