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The industry leaders were discussing the future of the sector at Business Standard's BFSI Summit 2024 on Friday
Accordingly, transactions in foreign exchange cash; foreign exchange tom; and foreign exchange spot, involving the rupee or otherwise shall now be reported to the TR, it said
List of banks, asset managers, insurers swells amid growing business opportunities
This is the industry's first-ever introduction of UPI for elders, offering a simple user interface, enhanced security, and cyber fraud awareness
The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure
Investment leaders from Bain Capital, Samara Capital, BlackSoil Capital, and Multiples Alternate Asset Management speak about capital flow, business and startup growth at the BS BFSI Insight Summit
As digital payments and UPI gain popularity, Indian banks are cutting down on ATM expansion, especially in off-site locations, and focusing on digital infrastructure
Banks have intensified efforts to strengthen their liability franchise
In cybersecurity, social engineering refers to manipulating a victim to gain control over a computer system or steal personal and financial information
The MFI sector has been facing significant challenges over the past five to six months, leading to a notable decline in asset quality
Proposal seeks to lessen compliance burden on taxpayers and avoid litigation
In a meeting with Revenue Secretary Sanjay Malhotra, CII urged the government to increase the capex by 25 per cent over 2024-25 (BE) with a sharp focus on infrastructure related to rural areas
Irdai has invited comments from the stakeholders on 'Exposure draft Irdai (Regulatory Sandbox) (Amendment) Regulations, 2024' by November 25
Banking industry leaders highlight growing cybersecurity challenges and customer education efforts while speaking with Manojit Saha at Business Standard BFSI Insight Summit
The IBC has seen successful resolution in 46 per cent of cases admitted in the real estate sector as of June 2024, IBBI data shows
Traders expect the Reserve Bank of India to continue intervening to prevent sharp moves in the rupee, which is evident in the currency's muted implied volatility compared to its regional peers
The rupee suffered its worst day in 4-1/2 months on Wednesday, mirroring the slump in other Asian currencies amid uncertainty over what a Trump presidency will bring
Leaders of financial sector strike a note of confidence, optimism
According to the Amendment to the Master Direction - Know Your Customer (KYC) Direction, 2016, regulated entities (REs) will have to apply the customer due diligence (CDD) procedure at UCIC level