Financial Institutions

TRAI has now fixed a phase-wise migration schedule.

Banks must promote more research on AI usage, says SBI's CTO

Banks are striving to become more digitally advanced by revamping their systems – right from the core to the front-end – using AI and other tech.

Uday Kotak praises JPMorgan post First Republic Bank's acquisition, asks India to learn from US

Kotak tweeted saying India also needs strong institutions backed by reliable domestic capital, like the US. According to him, the development underscores strong domestic US financial institutions backed by significant capital and capable leadership

Creditors realise Rs 2.43 lakh crore through insolvency resolution process till Sep 2022

So far 532 CIRPs (Corporate Insolvency Resolution Process) yielded resolution plans, said the quarterly report of the Insolvency and Bankruptcy Board of India (IBBI).

India can grow by 10% in next 20 years if it builds strong domestic financial institutions: Sanjiv Bajaj

“India has a golden opportunity over the next 10-20 years to grow between 8-10 percent as an economy. However in order to achieve that we need to continue to focus on building a solid set of domestic financial institutions”, Bajaj said.

The Green Pivot | Spotlight is on FIs to map climate risks, take right steps

Climate change tops the list of long-term risks for banks, finds an EY survey; this article takes stock of FI readiness in taking corrective measures

Maharashtra authority gets 4 applications from financial institutions to revive stuck housing projects

More than 500 slum rehabilitation projects funded by several financial institutions are stuck in Mumbai.

PM Modi asks financial institutions to come out with futuristic ideas to fund emerging economic needs

Stating that implementation of green financing is the 'need of the hour' to meet net-zero carbon emissions target by 2070, Modi said financial help should be extended to environment-friendly projects.

RERA needs to be amended to include financial institutions: Gautam Chatterjee 

The 2016 legislation that paved the way for a real estate regulatory authority can gain more teeth if the architect, engineer and chartered accountant are made accountable for design, quality of workmanship and fiscal discipline, says the founder chairman of the MahaRERA. 

Stay away from crony lending, focus on high quality loans: CEA K V Subramanian tells financial institutions

Observing that Indian banking sector since the early 1990s faced the problem of poor quality lending especially on large loans, K V Subramanian said, loans were not given to most creditworthy borrowers but to crony capitalists, leading to high distress.

Wealth managers, i-bankers, insurance brokers & share transfer agents may soon be brought under IBC

So far, only NBFCs with assets of over Rs 500 crore have been brought within the scope of IBC

RBI to come under direct scrutiny of Centre, new Parliament proposal suggests: Report

The move would improve the RBI’s functioning and strengthen the institution, Finance Standing Committee Chairman Jayant Sinha said

Financial institutions need to guard against reputation risks: SBI study

Reputation is the perceived impression that stakeholders have about how a company is managing its business processes, said SBI's 'Ecowrap'.

Filed your FATCA? If not, your account will be blocked after April 30

ll investors related to mutual funds (MF), bank account holders and those who have invested in insurance schemes cannot operate their accounts opened between July 1, 2014 and August 31, 2015, from May 1 if they are not compliant with FATCA — tax information sharing law.

Government infusion of Rs 1900 crore likely by March 31: IDBI Bank

The pricing will be determined as per the SEBI formula for the preferential allotment, said P Sitaram, ED, IDBI Bank.

Realty sentiment hits 3-yr low in Dec qtr on note ban: Report

The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.

Stop transaction in Rs 500, Rs 1,000 Indian notes:Nepal to banks

The Nepal Rashtra Bank (NRB) in a written directive to the financial institutions as well as currency exchange offices said all business transactions in Indian currency notes having the denominations should be stopped with immediate effect.

NBFCs need more funding options to keep rates affordable

Until not very long ago, many observers and commentators believed that the role of non-banking financial companies (NBFCs) in India‘s financial system was fast diminishing.

Mastercard & HDFC Bank Launch `#CelebrateHERoes` Campaign to Support the Cause of Women Empowerment

Mastercard in partnership with HDFC Bank has launched a Priceless Surprises campaign, “#

Economy's financial parameters improved in April-June: Survey

The CII-IBA Financial Conditions Index stood at 61.1 for April-June period compared to 47.8 in the previous quarter.

Uber launches scheme for local taxis, autos

Taxi aggregator Uber today announced the 'Mi Pan Malak' scheme to encourage taxi and auto drivers across the megapolis to join its platform.

Banks, FIs provide over Rs 78,000 cr for clean energy projects

Overall, as many as 23 public sector and 7 private sector banks as well as 4 public sector and 2 private sector non-banking financing companies (NBFCs) have committed for financing renewable energy projects of 76,350 MW in the country with an outlay of Rs 3,72,240 crore.

Credit offtake of banks to pickup from next month: Vinod Rai

Credit offtake to industry, which has seen decline in the recent past due to slowdown in certain sectors and issues related to bad loans, is likely to see an uptick from next month, Bank Board Bureau chief Vinod Rai said on May 12

Infosys bets big on blockchain technology

Betting big on 'blockchain technology', software services major Infosys has launched a new framework that will allow banks to simplify complex transactional services.

Rail Min to meet financial fraternity on railway funding options

The railways is looking at various funding raising options including the possibility of issuing rupee-denominated bonds in overseas markets, sources said.