RBI directs banks to ensure 2 whole-time directors on boards
The latest RBI order will help facilitate succession planning with respect to tenure and upper age limit for MD & CEO positions
financial inclusion
October 2023
September 2023
October 2022
July 2022
June 2022
May 2022
December 2021
March 2021
BFSI rides on AI push
Nearly 87% of financial services consumers begin their journey online, with two-thirds finding online channels more helpful for purchase decisions
World Bank G20 document lauds India’s digital infra progress under Modi rule
The World Bank has noted that on the digital infrastructure front, India has achieved in just six years what would have taken about five decades
India aiming for SOP on crypto during G20 presidency: FM
Finance Minister Nirmala Sitharaman says India wants to place the agenda on crypto before the G20 table for discussion and aim for a tech-driven regulatory framework.
India in talks with other nations to make RuPay, UPI, BHIM acceptable: FM
Nirmala Sitharaman says interoperability of these platforms gives strength to Indians' capabilities in those nations.
NITI Aayog for full-scale digital bank licence to make India global fintech leader
However initially, applicants seeking a digital bank licence should get a 'restricted digital business bank licence' and enlist under the RBI's regulatory sandbox, Aayog suggests
Alliances drive financial inclusion in life insurance
Alliances enable companies to leverage strengths, gain insight into the local market place and understand customers better.
Small Finance Banks in a League of Their Own
SFBs are taking financial inclusion beyond account opening and creating income opportunities in remote areas.
UPI surges; now 51% of digital transactions in India
Financial inclusion: Kerala tops the list with a score of 90.9; Bihar ranks at the bottom with 38.5.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
