"PSBs were treated as 'ATMs' for their cronies and shady businessmen. It was actually during the UPA regime when bank employees were harassed and forced to give loans to cronies through "phone banking" by the then Congress-led UPA Govt functionaries," Sitharaman said.
Newly appointed Reserve Bank of India (RBI) Governor Sanjay Malhotra, in his first address on Wednesday, outlined the central bank's priorities under his leadership, emphasizing stability, financial inclusion, and technological innovation as the cornerstones of his governorship.
New Delhi [India], December 10: The Symbiosis School of Banking and Finance (SSBF) successfully conducted its flagship event, the Dalal Street Fest (DSF), from November 14 to 16, 2024. Organized by the Public Relations Committee of SSBF, this three-day fest provided over 1,300 participants f
Mumbai (Maharashtra) [India], December 7: IDFC FIRST Bank has unveiled the first-of-its-kind AI-powered holographic digital avatar of the country's most celebrated and legendary actor Amitabh Bachchan, setting a new benchmark in customer engagement and digital innovation. The Holographic Ext
Mumbai (Maharashtra) [India], December 6: IDFC FIRST Bank has unveiled the first-of-its-kind AI-powered holographic digital avatar of the country's most celebrated and legendary actor Amitabh Bachchan, setting a new benchmark in customer engagement and digital innovation. The Holographic Ext
The Reserve Bank of India (RBI) kept its key interest rates unchanged on Friday but cut the cash reserve ratio by 50 basis points to bring enough liquidity in the banking system.
By this, 1.15 lac crore liquidity will be infused into the backing system. Governor Das outlined the inflation projections for FY24-25, pegging Consumer Price Index (CPI) inflation at 4.8 per cent. Quarter-wise, inflation is forecasted at 5.7 per cent for Q3 and 4.5 per cent for Q4. For F
Emerging technologies like AI, blockchain, and data analytics, coupled with a growing need for cybersecurity and compliance experts are driving the hiring patterns in the Banking, Financial Services, and Insurance (BFSI) sector, according to a report by TeamLease Staffing.
New Delhi [India], December 4: In today's fast-paced digital era, the banking and financial services industry requires the ability to resolve financial disputes swiftly, transparently, and cost-effectively. Disputes, particularly those involving debt collections and financial recoveries, imp
Mumbai (Maharashtra) [India], December 4: Nisus Finance Services Co Limited engaged into Transaction Advisory Services and Fund and Asset Management, successfully secured a capital infusion of Rs 32.21 crore through anchor book process on December 03, 2024 just ahead of the company's schedul
Noting that all public sector banks are turning profitable, Finance Minister Nirmala Sitharaman said on Tuesday that banks are being professionally run under the Modi government and the total branches of all scheduled commercial banks have increased by 3,792 in a year to reach 1,65,501 in