PNB, Oriental Bank and United Bank to be merged: Sitharaman

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

Singapore, March 9: Visa (NYSE: V) today announced the launch of Visa Intelligent Authorization, a new capability on the Visa Acceptance Platform that enables acquirers (banks and other financial institutions that process payments for merchants) to modernise their payment processing through a single API connection, helping eliminate the need for expensive, time-consuming infrastructure rebuilds.

Union Finance Minister Nirmala Sitharaman met Zou Jiayi, the new President of the Asian Infrastructure Investment Bank (AIIB), here in the national capital, where they discussed strengthening the India-AIIB partnership.

Paramount will acquire 100 per cent of WBD for USD 31 per share in cash, plus the "ticking fee", valuing WBD at USD 81 billion in equity value and USD 110 billion in enterprise value.