Only 12% of BFS firms have a global, enterprise-wide AI strategy.

Are boards equipped to uphold accountability in todays complex banking landscape?

Raamdeo Agrawal believes that the financial sector, particularly banks, is poised for growth. He anticipates a significant pickup in financials, driven by the banking sector. According to him, banking stocks are likely to deliver strong returns if credit flow continues to improve.

This comes as Reserve Bank of India has issued new directives to classify accounts as inoperative, if there are no customer-induced transactions for over two years.

Despite discussions with the Indian Banks' Association, UFBU stated that the strike would proceed as planned, as negotiations over their key demands failed to yield a positive outcome.

Despite a recent market correction, Argal remains hopeful for the upcoming quarters.

The country's largest lender later said the technical issues have been fully resolved.

SEBI conducted an inspection with regards to debt issues handled by the company's merchant banking division for the period April 1, 2022, to April 30, 2024.

The attractive valuations of banking stocks, along with the RBI's fresh liquidity push, makes BFSI one of the top sectors to bet on, according to the Jefferies India analyst.

In this episode of Talking Point, we spoke to Vikas Khemani, Founder, Carnelian Asset Management & Advisors about the correction phase in the stock market.There has been a slowdown in earnings that has brought a squeeze in the liquidity as well. Khemani calls for investors to keep low expectations this year as he anticipates it to be a stock-pickers market. Further, he expects more recovery in the markets in the later half of the year as well.As various sectors stand at different junctures, here

PSU banks, traditionally wholesale lenders, have now adopted a balanced mix of retail, agriculture, MSME and corporate loans, resulting in more balanced loan books, says Setty.

The purpose behind both fin.In and bank.In is to foster a safer, more harmonised digital environment for carrying out financial transactions.

Former HDFC Bank CEO Aditya Puri also flagged the risks of defending the rupee amid a rising dollar, as it may overvalue the domestic currency and cause a reduction in liquidity.

In 2025, banks will focus their efforts on gen AI projects to improve customer experience, increase operational effectiveness, lower risks, and update IT infrastructure, reveals an IBM study.

However, the appointment is subject to regulatory approval from the Reserve Bank of India.

Praj Industries Ltd. reported a 41.6% year-on-year drop in its consolidated net profit to Rs 41.1, against Rs 70.4 crore in the same quarter last year.

The president blamed inflation on the Feds supposed focus on DEI, gender ideology, green energy, and fake climate change.

The tableau focussed on the financial empowerment of citizens, especially the previously-unbanked communities, through a host of initiatives.

DAM Capital's top line rose to Rs 104 crore, as compared to Rs 63 crore in the September quarter.

PSU banks outperformed private banks by 120 percentage points over a three-year period, even as they underperformed by six percentage points in the second half of 2024.

The liquidity tightness is a result of higher rupee-implied rates in the short-dated FX swap market are diverting rupee liquidity from the call market.

So far in January, Morgan Stanley has also said its quitting the group.

Hi-Tek Group, Star Health Insurance, TCIL, and Shell were among the major organisations that faced data breaches, revealed cybersecurity company CloudSEK.

Check the eligibility criteria and benefits of four PM schemes.

The changes replace the current single-nominee system for bank accounts or fixed deposits.

Finance Minister Nirmala Sitharaman defends the significant reforms in India's banking sector under Prime Minister Modi, addressing misstatements made by Rahul Gandhi.

Motiilal Oswal assess earnings trajectory as rate cycle turns

Stocks to Buy: The brokerage's preference for safety and valuation over growth continues

NDTV Profit Podcast: From Lok Sabha passing the banking bill to SEBI's new proposal on brokers' audit, heres everything you need to know at the start of the day.

The Lok Sabha's approval of the Banking Laws (Amendment) Bill 2024 introduces key changes to enhance governance in the banking sector

DMKs Rani Srikumar criticised hidden banking charges, questioning fees for basic services like ATM withdrawals and SMS alerts.

The amendments are proposed to improve bank governance and enhance investors' protection, Nirmala Sitharaman said in Lok Sabha.

Behind the facade of consumer focus and digital adoption, India's banking sector has glaring cracks in customer service and operational efficiency.