India’s Financial System

RBI Deputy Governor Swaminathan J says India's financial system needs both the innovation and speed of T20 cricket and the discipline and longevity of Test cricket

In May, Japan's Sumitomo Mitsui Banking Corporation (SMBC) agreed to acquire a 20 per cent stake in Yes Bank for $1.6 billion

SBI Chairman CS Setty said India needs deeper capital markets, innovation, and financial talent to achieve the Viksit Bharat 2047 vision, speaking at the Stockbrokers' Business Meet

RBI Governor says financial stability is essential for growth, urges vigilance as global structural shifts make policymaking harder amid trade fragmentation, climate risks, and geopolitical tensions

RBI is working to ensure frequency of such occurrence is less, he said

Budget reforms will redefine the financial system by fostering inclusion, competition, and efficiency. Financial institutions will benefit from enhanced market depth and improved liquidity

Brics's demand to reform the present financial system and global institutions and attempts to develop different payment mechanisms will get suitable support

Matrix of financial stability at its best, challenge is to improve, says Das

Fintech firm One97 Communications, which owns Paytm brand, plans to invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, the company said on Wednesday. The company will make the investment over a period of time and will seek requisite approvals for the same. "GIFT City is set to become a global financial hub, further putting India on the world map for innovation. The strategic investment in GIFT City represents a pivotal step towards building an Artificial Intelligence-driven cross-border remittance and payments technology landscape, presenting global opportunities. This will enable us to deliver fast, reliable, and cost-effective remittance solutions, reducing friction, at a global scale," One97 Communications Founder and CEO Vijay Shekhar Sharma said in a statement. With GIFT city as an ideal innovation hub for cross-border activity, Paytm will use its proven capability to innovate and build new tech for users across the

India and the US recently co-chaired the 'US-India Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Dialogue'

The company launched AI products, namely Lentra Convo, Lentra Insights, and Lentra Wingman, to serve lenders with solutions that enhance the lending processes

9 companies accounted for 81% of total disbursement made by 36 companies that are members of Fintech Association for Consumer Empowerment

Here is the best of Business Standard's opinion pieces for today

Greater acceptance among G20 about crypto regulations, says FM

With several domestic startups facing the heat due to the collapse of Silicon Valley Bank, CII President Sanjiv Bajaj on Monday said that India could look to create its own enabling financial ecosystem to support budding entrepreneurs. Talking about the startup sector, the CII President in an interview with PTI said it is an unusual sector where the normal banking parameters do not work. "It (startup sector) is a very high growth, it is very innovative, it is loss-making in the initial years. So, the normal banking parameters for lending don't really work. How do you create the right financial ecosystem in India to support startups because we are a startup nation," said Bajaj, who is also the Chairman and MD of Bajaj Finserv. Observing that India is the third largest startup ecosystem in the world, he said there is a need to encourage startups. "We have the entrepreneurial zeal, we have the technical capability and the enabling ecosystem for it, but finance is something that is ...

Guidelines for selection of general managers and directors of public sector general insurance companies have been made part of FSIB

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April

Decentralized finance needs to give up on its techno-anarchist utopia, and get more real and centralized. Otherwise DeFi lending will enter annals of finance as failure where hawala has been success

Banks' gross NPAs may jump to 8.1-9.5% by Sept 2022 from 6.9% in Sept 2021, says RBI in financial stability report

Regulatory oversight and supervision of ARCs need a revamp and, like other regulated entities, rogue ARCs should be punished