RBI plans to extensively use AI, ML to improve regulatory supervision The Reserve Bank is planning to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision on banks and NBFCs. For this purpose, the central bank is also looking to hire external experts. While the RBI is ...

Bank Holiday Tomorrow: Is October 5 a bank holiday? [ad_1] Collectively banks in various states will be closed for 21 days in October 2022 due the festive season. In addition to this, banks won’t be open on Sundays and the second and fourth Saturdays. When is Dussehra celebrated It is the festival of Dussehra and banks will be closed for ...

Bonds strengthen sharply as growth fears drag down US debt yields Government bonds strengthened sharply on Tuesday, with yield on the 10-year benchmark paper hurtling 11 basis points (bps) as US bond yields declined to their lowest levels in almost two months, dealers said. A fall in US debt yields increases the appeal of fixed-income instruments in ...

Card Tokenization: 10 credit, debit card FAQs on tokenization [ad_1] What is the process? The card holder can get the card tokenised by initiating a request on the website/app provided by the token requestor and any such similar facility provided by the merchant. This token requestor / merchant will forward the request to card networks Visa / Mastercard / Rupay. ...

HDFC Bank posts 23.5% loan growth in second quarter at Rs 14.8 trn Private sector HDFC Bank on Tuesday said it has registered a 23.5 per cent rise in loans to Rs 14.80 lakh crore in the second quarter of this fiscal. The credit book was Rs 11.98 lakh crore as of September 30 last year. ...

indian bank FD interest rate: Indian Bank hikes FD interest rates by up to 50 bps [ad_1] Indian Bank has increased the interest rates of fixed deposits (FD) by up to 50 basis points (bps) for select tenors. The new interest rates are effective from October 4, 2022, according to the bank’s official website. The bank will now offer interest ...

IDFC First Bank’s loans grow 24.8% YoY in Q2, deposits up 35.9% YoY IDFC First Bank’s customer assets, or advances, rose by 24.8 per cent year-on-year (YoY) basis at Rs 1.45 trillion at the end of September 2022 (Q2 FY23). Sequentially, its asset book expanded by 5.6 per cent over Rs 1.37 trillion at end of June 2022 (Q1 ...

Can Sukanya Samriddhi Yojana be closed before maturity [ad_1] Can Sukanya Samriddhi Yojana be closed before maturity [ad_2]

Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ Loans continued to grow at a healthy pace for private sector banks in the July-September quarter of the current financial year while deposit growth also picked up pace, business figures released by a few lenders showed. HDFC Bank, the largest private sector lending of the country, reported ...

UPI and UPI Lite: What are the differences? [ad_1] UPI and UPI Lite: What are the differences? [ad_2]