Page 91 - Finance News

NPCI expands AI use to enhance customer safety in digital transactions

NPCI is conducting a pilot study in collaboration with public and private sector banks to integrate Artificial Intelligence (AI) and Machine Learning for strengthening customer safety

UPI payments face outage for third time in a week, NPCI flags latency

This is the third time processing UPI payments has faced an outage

Govt appoints Sivasubramanian Ramann as the next PFRDA chirperson

Ramann, who is currently serving as the deputy comptroller and auditor general (CAG) and chief technology officer at the CAG of India, has been appointed for a tenure of five years

Shishu account share drops sharply as Kishor loans surge: SBI PMMY Report

The average ticket size of the loans has nearly tripled - Rs 1.02 lakh in FY25, Rs 72,000 in FY23, from Rs 38,000 in FY16

NPCI appoints industry veteran Rajola as executive director of growth

Rajola will be responsible for driving the adoption of NPCI's payment solutions

UPI outage hits transactions as year-end rush strains bank servers

A surge in UPI transactions and year-end bank closures led to a system outage, causing transaction failures, which the NPCI attributed to high volumes and financial year-end settlements at banks

UP Co-operative Bank outpaces commercial lenders in loans, advances

UPCB has achieved a credit deposit (CD) ratio of over 72 per cent, higher than the overall banking sector's CD of 61 per cent in UP

Indian Rupee ends at 85.51/$ as markets focus on tariff announcement

Trump is expected to announce his reciprocal tariffs plan on Wednesday during an event in the White House Rose Garden

Govt appoints Poonam Gupta as new RBI Deputy Governor ahead of MPC

The government has appointed NCAER Director General Poonam Gupta as the RBI Deputy Governor for a three-year term

Indian Rupee opens 21 paise weaker at 85.68/$ with Trump tariffs in focus

Tracking the fall in the dollar index, the currency appreciated by 2.39 per cent in March, registering the best month since November 2018

Microfinance stress continues to affect loan originations: CRIF data

Rising delinquencies, over-leverage strain the sector

UPI clocks new record in value and volume in March after dip in Feb

Digital payments system tops Rs 24 trn in value and 19 billion in volume for first time

RBI announces Rs 80,000 crore OMO buys before MPC review meeting

Banking system liquidity turned surplus after 4 months

Trump effect: Banks consider reviewing policies for US study loans

Among the measures, look at rigorous background checks on institutions and visa scrutiny

Raising money as important as managing debt: FM Nirmala Sitharaman

FM says, when it comes to finances of the country there can be no politics

RBI tells banks to continue joint account for surviving spouse's pension

Spouse entitled for family pension must be survivor

RBI strengthening financial system amid challenges: Governor Malhotra

Central bank's role has expanded significantly beyond initial mandate, he says

MFI loans down 41.7% to 11.9 million in Dec quarter, NPAs zoom: Report

The amount disbursed to the borrowers who come from the poor and marginalized communities declined 34.9 per cent to Rs 63,440 crore as against Rs 97,400 crore in the year-ago period

GST collections rise 9.9% to exceed Rs 1.96 trillion in March 2025

GST revenue from domestic transactions rose 8.8 per cent to Rs 1.49 lakh crore, while revenue from imported goods was higher 13.56 per cent to Rs 46,919 crore

Capital expenditure not cut, rises to Rs 11.21 trn for FY26: Sitharaman

Loans to states under the scheme for interest-free 50-year special assistance for capital expenditure has gone up proportionately