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New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, GenAI is poised to improve banking operations in India by up to 46 per cent. The report said AI is increa ...Read More >
Srinagar, July 09: Chief Minister Omar Abdullah on Wednesday said that Jammu & Kashmir's tourism sector is witnessing a strong revival, with a steady rise in the number of tourists visiting the Union Territory each day.Abdullah, while addressing reporters in West Bengal ahead of the Kolkata Tourism Fair, said, "Tourists are coming back to Kashmir in good numbers. The ongoingAmarnathYatra is proceeding smoothly with heavy footfall on both the Pahalgam and Baltal routes, he said."I spoke to severa ...Read More >
New Delhi, Jul 9: Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NBFCs a ...Read More >
New Delhi, Jul 9 (PTI) Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NB ...Read More >
Mumbai, Maharashtra, India - Business Wire India * Credit Conference 2025 designed to drive growth, financial inclusion, and ease of doing business in India * Leaders from banking, FinTech, and policy convened to discuss data-driven credit inclusion and the path to a credit-ready India * Expanding creditworthiness to support India's financial goals under the Bharat@2047 vision was a key theme As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling ac ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday called for a fundamental rethink of global sovereign credit rating systems, arguing that they often fail to reflect the economic resilience and structural strengths of emerging markets. Speaking at the International Business Forum, the 4th International Conference on Financing for Development in Spain, Sitharaman pointed to India's strong macroeconomic fundamentals, including sustained high growth and prudent fiscal management, as evidenc ...Read More >
MUMBAI, June 6 (Reuters) - India's central bank will release final regulations for gold lending by Monday, with more relaxed norms for small-ticket lending, governor Sanjay Malhotra said on Friday. In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers. The RBI had sought comments on the proposed rules by the middle of May. Last week, the federal finance ministry sought relaxations to the propo ...Read More >
MUMBAI (Reuters) -India's central bank will release final regulations for gold lending by Monday, with more relaxed norms for small-ticket lending, governor Sanjay Malhotra said on Friday. In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers. The RBI had sought comments on the proposed rules by the middle of May. Last week, the federal finance ministry sought relaxations to the proposed rules ...Read More >
New Delhi: In a major boost to Adani Power Ltd (APL), Crisil Ratings has upgraded its rating on the long-term bank facilities of the company from 'Crisil AA-/Positive' to 'Crisil AA/Stable'. Additionally, the global credit rating agency has assigned its 'Crisil AA/Stable' rating to Adani Power's proposed Rs 11,000 crore non-convertible debentures (NCDs). The upgrade reflects Crisil's assessment of Adani Power's improving credit risk profile, citing key business growth parameters such as an inc ...Read More >
NEW DELHI: Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'. The global credit rating agency has also assigned its 'Crisil AA/Stable' rating to Rs 11, 000 crore proposed non-convertible debentures (NCDs) of Adani Power. The upgrade in rating reflects "Crisil Ratings' expectation of strengthening in APL's overall credit risk profile with strong improvement in the business parameters on account of in ...Read More >
Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a ke ...Read More >
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