The technology should focus on several key areas, enabling early corrective action; analyzing both structured and unstructured data to identify related party or preferential transactions, saving resources for lenders and resolution professionals; automating routine tasks in post-disbursement credit monitoring
3 Days Ago
The attendant risks like algorithmic bias, explainability of decisions, data privacy, etc., are high. To harness the benefits, it is critical to address the attendant risks early in the adoption cycle
Dec 06, 2024
SFBs Permitted For Pre-Sanctioned Credit Lines Via UPI: MuleHunter.AITM Piloted
Dec 06, 2024
The task of supervision may be challenging but it is also essential for ensuring the stability and resilience of the financial system
Nov 28, 2024
As a former Fed Chairman succinctly noted “Monetary policy may be 98% talk and only 2% action but cost of sending the wrong message can be high
Nov 25, 2024
FM Nirmala Sitharaman unveils Rs100 commemorative coin, marking a centenary milestone of SBI's iconic Horniman Circle branch, a Grade 2A heritage structure and the oldest building in South Mumbai
Nov 18, 2024
Modi launches, multiple projects related to health sector worth over Rs12,850 crore
Oct 29, 2024
Reserve Bank is working to create a comprehensive data analytics ecosystem to support its supervisory functions
Oct 24, 2024
The spread of digitalization has spurred research on assessing the effects of digitalization on the economy and the transmission of monetary policy
Oct 24, 2024
Debasish Panda called for a transparent and hassle-free claim process, which is the moment of truth for customers
Oct 22, 2024
Product, Process & Promise: Bridging the trust deficit for the policyholder
Oct 22, 2024
Today, India's focus is on critical technologies like AI and semiconductors:PM
Oct 04, 2024
The SFBs should adopt robust business continuity plans and effective IT outsourcing strategies. These measures will help SFBs to significantly enhance their IT resilience against possible disruptions
Oct 01, 2024
New Challenges for Central Banks in the 21st century; Digital financial infrastructure (DFI) offers great potential for the future
Sep 24, 2024
The platforms tracking crop yields, weather patterns can provide real-time data that financial institutions can use to assess risk more accurately
Sep 18, 2024
100% Of Electronic Manufacturing Should Happen In India: Modi
Sep 11, 2024
Deputy Governor, Reserve Bank of India: It is disheartening to see innovative misinterpretation of regulations; While fintech platforms drive innovation and revenues, credit, and operational risks along with consequent losses still primarily rest with the regulated lenders who collaborate with these platforms
Sep 08, 2024
Mr C S Setty, Chairman, SBI: Investments in digital transformation technology should be geared towards ensuring that an end-to-end experience or process is being created which will result in operational efficiencies
Sep 05, 2024
In India, less than one fifth of MSMEs are owned by women. Women entrepreneurs often face significant challenges including limited access to capital, restrictive societal norms, and difficulties in accessing affordable finance. The financial sector has a crucial role to play in bridging this gender gap: RBI Governor
Sep 05, 2024
Leading Building Materials Company raises INR 150 Cr in Private Placement Round from Bharat Value Fund (BVF)
Sep 05, 2024
Fintechs Need to be Alert to Social, Macro-economic Priorities: Deputy Governor, RBI at GFF 2024
Sep 01, 2024
RBI Governor: We are now focusing on making the UPI and RuPay truly global; On their part, banks and FinTech NBFCs are expected to adopt a customer-centric approach; implement robust security measures; offer transparent financial products; and adopt fair lending practices
Sep 01, 2024
Nokia Expands Its R&D Footprint In India
Sep 01, 2024
5 association leaders were introduced as conference ambassadors to establish Mumbai as a world-class destination for global conferences
Sep 01, 2024
RBI Governor: We are now focusing on making the UPI and RuPay truly global; On their part, banks and FinTech NBFCs are expected to adopt a customer-centric approach; implement robust security measures; offer transparent financial products; and adopt fair lending practices
Aug 28, 2024
Need To Examine Full Insurance Coverage For Small Depositors, Senior Citizens; As per IADI, around 55 per cent of deposit insurers use a differential premium system
Aug 20, 2024
Fintech innovations present challenges of data security, consumer protection, and regulatory compliance; Deposit insurers must be vigilant in adapting to the evolving risk landscape
Aug 16, 2024
For deposit insurers, factors of key interest would be the degree of replacement of bank deposits by CBDC, the division of labour between central and commercial banks and the degree of privacy attached to CBDC usage
Aug 13, 2024
Lead Banks had established more than 1,500 Financial Literacy Centres at district headquarters by December 31, 2023. The camps conducted by them have covered more than 30 lakh participants
Apr 26, 2024
If growth rate of 10 per cent is achieved, India will become the second largest economy in the world not by 2045 as shown earlier, but by 2032 and the largest economy by 2050: Michael Debabrata Patra, Deputy Governor, Reserve Bank of India
Mar 28, 2024
Database, prepared using latest technology, will ensure expansion, development and delivery in cooperative sector
Mar 09, 2024
Address by Governor, Reserve Bank of India at the Digital Payments Awareness Week celebrations, March 4, 2024, RBI, Mumbai
Mar 08, 2024
A changing banking landscape, digitalisation of financial services, new business models, emergence of FinTech and technological progress are transforming financial sector in fundamental ways
Mar 04, 2024
Insightful Panel discussion on "Chasing Shadows: The Fintech-Cyber Cop Tango Against Digital Bandits", at the India Digital Summit, in Mumbai
Feb 28, 2024
The share of central banks and supervisory authorities adopting big data and machine learning has risen to 86 per cent in Asia, involving nowcasting exercises, applications to granular financial data, and suptech/regtech applications
Feb 21, 2024
First-ever Digital India future SKILLS Summit held in Guwahati alongside leaders from Industry & academia
Feb 17, 2024
The theme of the 59th SEACEN Governors' Conference: "Navigating Economic Headwinds and Advancing Financial Inclusion: Perspectives and Challenges"
Feb 16, 2024
In view of the increasing reliance of NBFCs on delivering their services through digital medium and their partnerships with Fintechs, the sector's exposure towards technology related risks, including cybersecurity threats and operational disruptions, as well as their reliance on third party partnerships has increased significantly
Feb 10, 2024
This will encourage the private sector to scale up research and innovation significantly in sunrise domains. We need to have programmes that combine the powers of our youth and technology
Feb 01, 2024
Electric Vehicles could be a game-changing initiative for sustainable livelihood opportunities in rural India
Jan 31, 2024
Role & Expectations of Directors of UCBs: RBI inspection reports should be discussed in the Board threadbare, and the observations should be suitably addressed in a timely manner
Jan 31, 2024
Digital technologies, especially the newer ones including AI and ML, help to dive deep into existing data as well as unstructured and high-frequency information to carry out meaningful analyses
Jan 30, 2024
PM targets installing rooftop solar on 1 crore houses; Our future is going to be much more beautiful than our past. This is the golden age of India's development. Today India is full of youth and energy. India will reach the goal of prosperity by following the path of both the purity of tradition and the infinity of modernity
Jan 22, 2024
Banks should learn to recognise ICAAP's inherent value and use its document as a strategic tool to align capital plans with risk appetite and risk assessment
Jan 22, 2024
RBI would continue to have focused interest in the orderly and sustained evolution of the IBC ecosystem; Robust secondary market in loans useful for management of credit exposures
Jan 12, 2024
Intellect Design Area Ltd. has also been granted TechFin Authorization. They will provide cloud ready invoice processing platform to global BFSI clients
Jan 12, 2024
Gujarat Emerging As A Hub Of Semiconductor Production. The theme of Vibrant Gujarat 2024 "Gateway to the Future" will be truly realized through the advancement of semiconductors and artificial intelligence in India
Jan 11, 2024
19th Convocation Ceremony of IGIDR Held in Mumbai
Jan 05, 2024
AI models drastically change the process as they are able to learn the rules and alter model parameterisation iteratively. This aspect makes many AI models a black box which are difficult to decode for audit and supervisory review.
Jan 01, 2024
Banks and NBFCs should exercise caution in relying solely on preset algorithms, ensuring that these models are robust, regularly tested, and recalibrated as needed to maintain robust underwriting standards
Dec 28, 2023
“A formal advisory has been issued incorporating the ‘agreed to’ procedures to ensure that users on these platforms do not violate the prohibited content in Rule 3(1)(b)”: Rajeev
Dec 26, 2023
India's first UPI-enabled Corporate Credit Card Offers host of exclusive rewards and benefits to corporate clients
Dec 26, 2023
Union WCD Minister Smriti Irani urges States to identify areas with a higher number of women working in unorganised sector to connect them with the Centre's Palna scheme, with an aim to enable women to actively participate in the workforce
Dec 23, 2023
Narendra Modi stressed the need for self-reliance in semiconductor and chip technology. PM Modi also highlighted India's high aspirations in the quantum technology and hydrogen energy sectors
Dec 20, 2023
“Just like the semiconductor model and framework we will be funding and supporting startups leveraging AI”: MoS Chandrasekhar
Dec 16, 2023
India at 125: Reclaiming the Lost Glory and Returning the Global Economy to the Old Normal
Dec 16, 2023
Narendra Modi: India is one of the fastest growing Fintech markets in the world today
Dec 09, 2023
RBI will provide unified regulatory framework on connected lending for all regulated entities caption Shaktikanta Das, Governor, Reserve Bank of India
Dec 08, 2023
Issues of Global South should be addressed: Nirmala Sitharaman
Dec 07, 2023
Between 2024 and 2030, the World Bank expects to significantly boost its financing through public and private sector channels for methane reduction
Dec 06, 2023
November modal forecast of MPC of the Bank of England predicts a soft landing: inflation returns to 2% in 2025, growth stagnates for the next year and a half and unemployment rises to just over 5% by the end of 2025
Dec 02, 2023
Leaders from both organizations and representatives from the Innovation Hub Founding Members including Accenture, Deutsche Telekom, Google Cloud, Orange, Telenor and Vodafone attended the ceremony at the Reliance Corporate IT Park in Navi Mumbai
Dec 01, 2023
MoS Rajeev Chandrasekhar: We are striking a balance between the need to innovate and grow while ensuring clear rights for Digital Nagriks; A Vision to leverage technology to transform lives and expand opportunities for Young Indians
Dec 01, 2023
MoHUA Secretary Manoj Joshi underlined the need for value capture financing of urban resources to overcome the financing gap in urban infrastructure projects
Nov 30, 2023
The AIGIF is an annual programme focused on fostering a strengthened relationship between India and AMS on the premise of cooperation in Science, Technology and Innovation
Nov 29, 2023
The workshop is divided into three broad streams - Virtual Assets, Illegal Phishing, and Tax Crimes
Nov 29, 2023
Rs90 Bn sanctioned for development of more lethal version of LCA Tejas
Nov 25, 2023
PIEDS launches ‘Womenpreneurs for Bharat 1.0’ start-up program across Northeast Region, Rajasthan, Haryana, and J&K
Nov 24, 2023
M. Rajeshwar Rao: 5 elements for resilient financial system include - strong governance and management; sound regulatory principles; adequate capital and liquidity; strong supervisory and risk management practices; and effective crisis management and resolution frameworks
Nov 23, 2023
Indian banks to maintain their profitability and valuation, they need to think boldly about reshaping their business models, embracing disruptive technologies and strengthening their risk management capabilities: Ruchin Goyal, BCG Managing Director
Nov 23, 2023
RBI Governor stated that there is no new stress building up in the banking system currently but urged the lenders to continue with stress testing
Nov 22, 2023
The improved health of the banks and corporates is also reflected in their recent second quarter results of 2023-24
Nov 22, 2023
Reliance Retail network of nearly 1000 Retail stores will expand to over 1200 within the next 2 years
Nov 22, 2023
The company saw a growth of 36% growth from the northern region – Uttar Pradesh, Delhi, Punjab, Rajasthan and Uttarakhand in FY 22-23
Nov 21, 2023
SCDF would facilitate to augment the low cost, longer repayment funds for holistic coverage of cluster development projects falling under three broad categories
Nov 16, 2023
Defence Minister Calls for active collaboration among ASEAN and Plus countries for prosperity & security in the region
Nov 16, 2023
PM- JANMAN launched with a budget of Rs240 Bn;15th instalment amount of Rs180 Bn under PM-KISAN released
Nov 15, 2023
Anurag Thakur: It adapts to the dynamic world of OTT, Digital Media, DTH, IPTV
Nov 10, 2023
Structural reforms related to banking, digitalization, taxation, manufacturing, etc., have laid the foundation for a strong and sustainable growth over the medium and long term
Nov 10, 2023
India moved from fragile 5 to top 5 economies in last 5 years: Goyal
Nov 09, 2023
Remove any such content when reported within 36 hours of reporting
Nov 08, 2023
7th BIMTECH Insurance Colloquium Sheds Light on Climate Change's Impact on Insurance and Sustainability
Nov 08, 2023
Speech of the Deputy Governor, RBI, at the Annual Central Banking Seminar, a flagship event of the Federal Reserve Bank of New York
Nov 08, 2023
Minister Chandrasekhar engages in bilateral meetings with Ireland, UK, Australia and Netherlands
Nov 03, 2023
While AI promises significant societal benefits, it also poses a range of potential harms
Nov 03, 2023
How is RBI Managing these Transitions?
Nov 02, 2023
PMMVY is an example of how Digital Connection and emotional and administrative responsibility can come together: Smriti Irani
Oct 28, 2023
Go beyond mere compliance and imbue your organization's lending policies and practices with the essence of the sustainable finance
Oct 27, 2023
Narendra Modi: Access to capital, access to resources and access to technology is a priority for our government
Oct 27, 2023
President Smt Droupadi Murmu: The work being done by the IIM Bangalore's Data Centre and Analytical Lab in the areas of artificial intelligence, big data, and machine learning will have a profound impact on the future of business and economy
Oct 27, 2023
NCEL has received orders worth Rs70 Bn: Coop Minister
Oct 24, 2023
Disruptive tech must to maintain military superiority: Dr Jitendra Singh
Oct 23, 2023
SCBs will be able to comply with minimum capital requirements even under severe stress scenarios
Oct 21, 2023
NCCF and NAFED can get their common App, to be utilized to coordinate procurement of maize
Oct 20, 2023
Financing, insurance, arbitration and creation of more diverse options is required to boost the country's ship-building capacity
Oct 19, 2023
In the changing world order, the world is looking towards India with new aspirations: PM
Oct 17, 2023
Afreximbank holds 7th Babacar Ndiaye Lecture in Marrakech
Oct 17, 2023
Seminar on the global economy during the Annual Meetings in Marrakech with Managing Director Gita Gopinath
Oct 16, 2023
A Customer-Centric Approach-Navigating the Path to Excellence in Customer Service
Oct 16, 2023
“The strategy will present significant opportunities for the manufacturing sector, Industry 4.0 and cyber-physical systems”: Chandrasekhar
Oct 16, 2023
