Search For "banks"
Gross NPAs in outstanding education loans of public sector banks reduced t
Updated : 3 months, 1 week ago IST
Union Minister of State for Finance Pankaj Chaudhary, in a written reply to the Lok Sabha on Monday, said that in terms of outstanding education loans, the Gross Non-Performing Assets (NPA) of Public Sector Banks (PSBs) reduced from 7% in FY 2020-21 to 2% in FY 2024-25, thereby showing the s
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Agentic AI transforms banks frontline sales, boosts productivity and reven
Updated : 3 months, 1 week ago IST
Agentic artificial intelligence (AI) systems are rapidly reshaping how banks manage frontline sales, offering a potential breakthrough for relationship managers long burdened by inefficient systems, weak leads, and heavy administrative workloads, noted a McKinsey report.
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Weak household savings continue to weigh on bank deposit growth: Report
Updated : 3 months, 1 week ago IST
The report flags sluggish household deposit accretion and muted growth in low-cost deposits as the key structural challenges for banks in the current cycle. While deposits have broadly grown in double digits, momentum has failed to keep pace with credit growth.
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Mastercard collaborates with TerraPay to unlock acceptance for digital wal
Updated : 3 months, 1 week ago IST
Dubai [UAE], December 12: Mastercard has joined forces with TerraPay, a global money movement company, to equip its wallet partners including mobile money wallets, fintechs, and banks, with the latest digital payment capabilities.
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FinBox launches Journey Studio to enable lenders to launch digital credit
Updated : 3 months, 2 weeks ago IST
Bangalore (Karnataka) [India], December 10: FinBox, a leading digital credit infrastructure and risk intelligence provider, today announced the launch of Journey Studio - a platform that allows banks, NBFCs, and Lending Service Providers (LSPs) to launch new digital journeys for products lik
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Rs 2,000 cr returned so far under 'Your Money, Your Right' initiative; PM
Updated : 3 months, 2 weeks ago IST
Prime Minister Narendra Modi on Wednesday said that nearly Rs 2,000 crore has already been returned so far to the rightful owners under the 'Your Money, Your Right' initiative, launched by the government in October 2025 to help citizens reclaim their forgotten financial assets.
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Indian banks accelerating AI adoption for financial crime compliance: Repo
Updated : 3 months, 2 weeks ago IST
The Indian banks are rapidly integrating machine learning models into Financial Crime Compliance (FCC) operations amid rising fraud and regulatory scrutiny, making the traditional rule-based systems inadequate.
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Indian and Asia Pacific banks maintain stronger capital than US and Europe
Updated : 3 months, 2 weeks ago IST
Banks in the Asia-Pacific region, including those in India, have built stronger capital positions compared to their counterparts in the United States and Western Europe, Moody's highlighted in its latest survey report.
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Gold investment still has room to grow in 2026 as geopolitical risks persi
Updated : 3 months, 2 weeks ago IST
Gold, which witnessed a strong rally throughout 2025, is expected to continue its positive momentum in 2026 as investment demand for the precious metal still has room to grow amid persistent geopolitical uncertainties, highlighted a report by the World Gold Council.
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Majority assets provisionally attached by ED pertain to Reliance Communica
Updated : 3 months, 2 weeks ago IST
According to the company's release, Reliance Communications has been undergoing the Corporate Insolvency Resolution Process (CIRP) and is currently managed entirely by the Resolution Professional, under the supervision of the NCLT and its Committee of Creditors (CoC), led by the State Bank o
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RBI to study SEBI proposal on banks' foray into non-Agri derivatives: Gove
Updated : 3 months, 2 weeks ago IST
Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank will study the pros and cons of the markets regulator Securities and Exchange Board of India's (SEBI) proposal that observed that the banks be allowed to foray into non-agricultural derivatives.
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Real Estate players anticipate strong close to financial year as RBI slash
Updated : 3 months, 2 weeks ago IST
With the cut in repo rate, which will eventually lead to lowering down the lending rates by the banks and the Housing Finance Companies, it will make home loans more affordable, supporting homebuyers and strengthening the housing demand.
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