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Investment / Daily Excelsior

FM meets Citibank CEO, discusses way forward for banking system in India

NEW YORK, Oct 22 : Finance Minister Nirmala Sitharaman on Monday met Citibank CEO Jane Fraser here and discussed the banking sector in view of the decadal reforms and the way forward for India. The two discussed the use of #AI in important sectors such as #agriculture and #UrbanDevelopment as well as Indias booming #pharmaceutical sector and hub for the world, the finance ministry said in a post on X. Fraser complimented the Finance Minister for Indias digital payment transformation. [] The post

23 Oct 2024 6:00 am
Sensex rebounds 376 pts, Nifty snaps 3-day losing run on gains in FMCG, banking shares

MUMBAI, Sep 9 : Benchmark Sensex bounced back from early lows to close higher by nearly 376 points on Monday, snapping its four-day losing run following a rally in blue-chips ICICI Bank, HUL and HDFC Bank. The 30-share BSE Sensex rebounded 375.61 points or 0.46 per cent to settle at 81,559.54. The index opened lower and hit a low of 80,895.05 points in early trade due to weak global trends. Later, it recovered from lows and jumped 469.43 points or [] The post Sensex rebounds 376 pts, Nifty snaps

10 Sep 2024 5:03 am
J&K | Budget Approval Paves Way For Fiscal And Banking Reforms

SRINAGAR, Aug 9: The Parliament approved the budget of Jammu & Kashmir for 2024-25 with provision of Rs. 1,18,390 crore. While Lok Sabha passed the Appropriation Bill on Tuesday, Rajya Sabha approved it on Wednesday. This budget provides for revenue expenditure of Rs. 81,486 crore and capital expenditure of Rs. 36,904 crore. Follow The Daily Excelsior Channel On WhatsApp This outlay surpasses the pre-actuals of the financial year 2023-24 by Rs. 30,889 crore. This jump has been possible thanks to

9 Aug 2024 7:20 pm
Over Rs 177 cr lost on account of ATM/credit card, internet banking frauds

NEW DELHI, Aug 5: As much as Rs 177 crore was lost on account of credit, debit card and internet banking frauds in the 2023-24 fiscal, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the amount of loss due to cyber fraud has increased from Rs 69.68 crore in FY23 to Rs 177.05 crore in FY24. The quantum of loss in FY22 was Rs 80.33 crore, it [] The post Over Rs 177 cr lost on account of ATM/credit card, internet banking fr

5 Aug 2024 5:43 pm