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Over-reliance on AI poses financial stability risks: RBI Governor Das

Feasibility of expanding RTGS to settle transactions in USD, Euro, GBP can be explored

JC Flowers ARC invites counterbids for Rs 1,351 crore of bad debts

Entities interested in bidding for the assets are required to submit expressions of interest (EoIs) by October 16, after which they will have until October 31 to conduct due diligence

Heavy reliance on AI can lead to concentration risks, says RBI governor

Banks have to ride on the advantages of AI and Bigtech and not allow the latter to ride on them, says Das

Feasibility of expanding RTGS to settle transactions can be explored: Das

Divergence in global monetary policies can be expected to lead to volatility in capital flows and exchange rates, which may disrupt financial stability, says Das

NBFCs raise Rs 3.23 trn in H1FY25 from domestic debt capital market

Private sector NBFCs raise Rs 1.91 trillion in H1FY25

Bandhan Bank's shares jump over 12% as key overhangs get resolved

The bank informed the exchanges that it has received RBI approval to appoint career PSU banker Partha Pratim Sengupta as MD&CEO of the bank for a period of three years

Growth at any cost approach of some NBFCs poses risks: RBI Governor

Governor Das warns of action for failure to do so; directs them to review compensation practices linked to targets

Non-life premiums fall 6.5% in September as crop, auto segments drag

In H1, premiums of non-life insurers were up 7% Y-o-Y

Banks should avoid long-term, high-risk lending: FM Nirmala Sitharaman

Indian regulators are doing a world class job, Sitharaman said

All eyes on govt as RBI Guv Das, Dy Guv Patra's terms near expiry

Govt extends M Rajeshwar Rao's term by one year

'Out of turn' request: RBI seeks loan disbursement data from P2P companies

Norms tightened after flagging regulatory violations by some lending platforms

HDFC Bank's deposit growth outpaces credit in Q2, helping meet target

Country's largest private sector has indicated that it would grow its advances at a slower pace than deposits

Piramal Capital and Housing Finance eyeing to double retail AUM in 3 years

To enter gold loans, microfinance loans, and co-branded card segment; Co. to tap the dollar bond market soon

IDBI Capital calls for bids on Rs 1,772 crore SBI-led highway bad loans

State-owned NARCL has submitted an anchor bid of Rs 300 crore for exposure, prompting a Swiss auction scheduled for October 30

RBI's stern warning to gold financiers likely to take a toll on NBFCs

While large players may not be impacted, lesser-vintage firms could have to mend ways

Surrender value norms: Life insurers begin rolling out revised bestsellers

Most major life insurance companies have products in excess of 30. It was becoming difficult for the companies to revise all their products, in accordance with regulations by the deadline

RBI directs gold loan providers to review policies and practices

Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers

Net financial wealth of households touched all-time high in Q1 FY25

Motilal Oswal report shows assets have grown at a faster pace since the pandemic

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models

Staffing power up: HDFC Bank likely to overtake SBI in employee count

Numbers for industry show private banks are taking the lead in adding workers and setting up new branches