BUSINESS
Banning crypto not possible as regulation is always behind technology: Manish Tewari
In an exclusive interaction with Moneycontrol, the member of the parliamentary committee on finance said complete ban on crypto assets will not be possible in India.
BUSINESS
Bankers target 25-30% increase in footfall at ATMs after UPI-ATM services
India’s first UPI-ATM feature was launched by the National Payments Corporation of India on September 5, this year. It uses a cardless cash withdrawal technology that makes the process easier and more convenient.
INDIA
G20 leaders agree to discuss adoption, implications of CBDCs
A G20 discussion paper said the leaders also welcome the BIS Innovation Hub Report on Lessons Learnt on CBDCs.
BUSINESS
G20 welcomes IMF-FSB Synthesis Paper on cryptocurrencies
The G20 declaration further added that they continue to closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem
INDIA
India got over 1 lakh visitors during its G20 presidency, says chief summit coordinator
India assumed the year-long G20 Presidency in December last from Indonesia.
BUSINESS
G20 Summit: Sherpa Amitabh Kant says Leaders' Declaration 'almost ready'
G20 2023 summit: There is intense speculation about India's ability to bring together the G20 members and issue a joint statement when the world order is deeply divided over Russia's invasion of Ukraine
BUSINESS
Everything you need to know about the newly-launched UPI-ATM
UPI-ATMs offer secure cardless cash withdrawals, a service similar to what is provided by some banks.
BUSINESS
Lenders welcome Modi's call for banking sector reforms
Bankers said that in the last few years, there have been significant reforms in the sector but there is still room for more
BUSINESS
India Post Payments Bank wants RBI to relax lending rules, says top official
Payment banks are not permitted to lend to any person, including their directors.
BUSINESS
Uday Kotak’s successor at KMB unlikely to face major challenges, say experts
Currently, joint MD Dipak Gupta will be the interim MD and CEO till a new chief is named.
BUSINESS
No plan to apply for a universal banking license soon: AU Small Finance Bank MD and CEO
The bank plans to work on growing organically and focus on the business with the existing AD-1 license.
BUSINESS
Govt to appoint Asset Valuer to aid IDBI Bank's strategic divestment
DIPAM is seeking the services of a respected asset valuation firm registered with the Insolvency & Bankruptcy Board of India (IBBI), it said.
BUSINESS
National Pension System AUM set to touch Rs 12 lakh crore by March 2024: PFRDA Chairman
NPS crossed Rs 10 lakh crore in assets under management in August 2023.
BUSINESS
5-day week should be implemented for public sector banks: parliamentary panel member Modi
Sushil Kumar Modi, member of the parliamentary committee on finance, says the government can increase the working hours by half an hour per day from Monday to Friday.
BUSINESS
Bullish on India: India growing faster than other top 10 nations in the world, says MD & CEO of IHCL
The whole world is bullish on India, and events like landing a spacecraft on the moon or manufacturing a vaccine in the midst of COVID-19 has given a certain positioning to India, said Puneet Chhatwal.
BUSINESS
Max Life Insurance to expand its presence in 100 more cities this year
Max Life Insurance is planning to add 1,000 more employees this year and through its increased presence, go deeper into rural markets, says MD & CEO, Prashant Tripathy
BUSINESS
India has extraordinarily embraced digital: B20 founding member Denton
Praising India's Unified Payments Interface (UPI), a platform that enables seamless transfer of funds between bank accounts, Denton said the way it has been made available at almost no cost is extraordinary
BUSINESS
B20 India Summit: Uday Kotak pitches for sustainable development
On August 26, veteran banker Uday Kotak pitched for sustainable development saying risk of existential viability of planet is above business viability.
BUSINESS
MC Exclusive: Sunil Mittal bullish on India, says country on China-like growth path
"India is on a growth path, which we saw in China 25 years back. We have strong tailwinds. I personally feel it," Mittal said.
BUSINESS
B20 Summit: Sustained global economic recovery a key issue for next few years, says FM
Most countries have since the pandemic seen a sharp recovery in their economic activity for a short period, which was followed by a period of fall, and going forward they are looking at ways to sustain economic recovery, Nirmala Sitharaman added
BUSINESS
Exclusive: High inflation temporary, unlikely to guide RBI rate decision, says Dinesh Khara
Khara said that high inflation will stay for one to two months, unless there is any trend.
BUSINESS
Indian banking industry cheers success of Chandrayaan-3
India made history by successfully landing Chandrayaan-3 on the moon's south pole on August 23.
BUSINESS
Bank of Baroda bullish on India’s consumption demand prospects, says executive director
India is now the land of opportunities for a large population that is aspirational for a better life, executive director Joydeep Dutta Roy said.
BUSINESS
Airtel Payments Bank has no plan to become small finance bank: MD Biswas
Anubrata Biswas said the payments bank plans to eventually list, but added that it would be difficult to predict the timeframe.
