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FINANCIAL INSTITUTIONS
GFF 2026: RBI flags speed, concentration, opacity as key risks as AI use grows in financeReserve Bank of India Deputy Governor Rohit Jain addressed emerging technology risks. He noted speed, concentration, and opacity as key con...
GFF 2026: India’s AI advantage could be cost, not just capability, says Sarvam AI CEOIndia's AI advantage centers on deploying technology affordably for its vast population. The nation aims to lead in AI adoption and develop...
India, Saudi Arabia deepen fintech ties with three-year pact for investment, startup expansionIn a strategic move, India and Saudi Arabia have agreed on a three-year deal aimed at invigorating their fintech sectors and startup ecosys...
Mumbai set to hold 68% of India's data centre capacity by 2030Mumbai's data centre capacity will reach sixty-eight percent by 2030. This expansion reflects sustained demand from financial institutions ...
IDFC FIRST Bank earns international credit rating, marking a step towards global financial marketsIDFC FIRST Bank has been awarded a BBB- Long-Term and A-3 Short-Term credit rating, underscoring its strong capital position and operationa...
Your bank account could one day become an AI agent: Perfios Group CEO Nitin ChughBank accounts may soon act as AI agents, understanding finances and offering recommendations. These agents could coordinate, make decisions...
BRICS by BRICS: India's journey from seeking reforms to shaping global orderIndia's BRICS engagement has shifted from seeking a voice to offering indigenous solutions. The nation now actively shapes global order wit...
US targets Iran’s aviation sector with sanctions on 27 airlines and foreign firmsThe US Treasury sanctioned 27 Iranian airlines and related foreign firms to curb weapons transport and technology access. Meanwhile, Irania...
Govt offers 50% funding capped at Rs 2 crore to replace fossil fuels with solar heat in industryThe Ministry of New and Renewable Energy is inviting proposals for solar thermal technology. Financial support up to fifty percent is avail...
ARCIL IPO: Goldman Sachs, BofA among investors in Rs 220 crore anchor roundAsset Reconstruction Company India has raised Rs 220 crore from anchor investors ahead of its IPO, which opens on September 9. The company ...
Blue Machines AI unveils speech-to-text model built for India's BFSI sectorBlue Machines AI has launched Aurora, a new speech-to-text model for Indian financial services. This model is designed for real-time multil...
Funding skew deepens in microfinanceLarge microfinance companies received 98.1% of sector funding in Q1. This funding concentration reflects financiers playing safer during un...
AIFs seek status quo as 'foreign control' rules go for a recastLocal alternative investment funds have warned regulators about proposed changes. These changes could significantly impact capital inflows ...
Finmin secures $1 billion IFC funding for MSMEs; $500 million already released to SidbiIndia secured one billion dollars from the International Finance Corporation for banks. This funding will provide long-term credit to small...
Inclusion must mean real ownershipBroader inclusion needs genuine ownership and representation beyond numerical targets. A village woman named Nakusa achieved land ownership...
Financial institutions confront a new operating reality as markets become more continuousThe evolution of financial markets is shifting towards a digital and continuous landscape, compelling institutions to recalibrate their str...
Japanese financial institutions flag currency fluctuationsJapanese financial institutions noted currency fluctuations and policy issues affecting investment decisions. They expressed confidence in ...