Banking Sector Expectations
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All About Sarvam AI, India's "Sovereign" AI That Beat Google Gemini and ChatGPT
Sarvam AI's achievements are expected to drive the adoption of AI solutions in various sectors, including banking, education, and government services.
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AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announci...
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SBI Report Estimates The Impact Of Trump Tariffs On American Economy
The recent move by the United States to impose steep tariffs on Indian goods is expected to weigh on the US economy, pushing up inflationary pressures and impacting growth, according to a report by the State Bank of India (SBI).
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Bharat Bandh On July 9: Who Called It, What's Open, What's Closed
Over 25 crore workers from government sectors such as banking, postal services, mining, construction, and transport will go on a nationwide general strike, or Bharat Bandh, on Wednesday, July 9.
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UPI Daily Transactions Expected to Cross 1 Billion-Mark in Next 5 Years: Nirmala Sitharaman
The Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years, stated Union Finance Minister Nirmala Sitharaman on Tuesday while addressing an event. She stated that the data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs. 10.62 trillion (nearly Rs. 11,00,000 crore) in ...
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Competitors or Collaborators: The Way Ahead for FinTech Firms and Traditional Banks
In the next five years, FinTech is expected to grow at a compound annual growth rate (CAGR) of 22 percent. Funding for FinTech companies in India through IPOs, M&As, and private funding rounds increased by 3x in 2021. The numbers tell a great story, but it seems that we’re only getting started. To fully understand the national reshaping across t...
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Digital Rupee: ‘We See Clear Advantages in a Central Bank Driven Digital Currency’, Finance Minister Says
Union Finance Minister Nirmala Sitharaman said the “Digital Rupee” is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency.
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Key Services Hit As 2-Day Nationwide Bank Strike Begins: 10 Points
Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and "retrograde banking reforms". As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body...
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Piyush Goyal To meet Heads Of Public Sector Banks Ahead Of Budget
Interim Finance Minister Piyush Goyal has called the heads of all public sector banks for a meeting on Monday when he is expected to take stock of banking sector's performance and discuss ways to improve their financial health.
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Protests Stall Parliament, Minutes After Budget Session Resumes: 10 Points
The Lok Sabha and the Rajya Sabha were adjourned for the day amid slogan shouting by opposition lawmakers after parliament reconvened on Monday after a recess. In the Rajya Sabha, both the BJP and the Congress have moved adjournment motion notices on issues the parties say must be discussed immediately, setting the tone for a stormy second half of ...
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All About Sarvam AI, India's "Sovereign" AI That Beat Google Gemini and ChatGPT
Sarvam AI's achievements are expected to drive the adoption of AI solutions in various sectors, including banking, education, and government services.
-
AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announci...
-
SBI Report Estimates The Impact Of Trump Tariffs On American Economy
The recent move by the United States to impose steep tariffs on Indian goods is expected to weigh on the US economy, pushing up inflationary pressures and impacting growth, according to a report by the State Bank of India (SBI).
-
Bharat Bandh On July 9: Who Called It, What's Open, What's Closed
Over 25 crore workers from government sectors such as banking, postal services, mining, construction, and transport will go on a nationwide general strike, or Bharat Bandh, on Wednesday, July 9.
-
UPI Daily Transactions Expected to Cross 1 Billion-Mark in Next 5 Years: Nirmala Sitharaman
The Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years, stated Union Finance Minister Nirmala Sitharaman on Tuesday while addressing an event. She stated that the data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs. 10.62 trillion (nearly Rs. 11,00,000 crore) in ...
-
Competitors or Collaborators: The Way Ahead for FinTech Firms and Traditional Banks
In the next five years, FinTech is expected to grow at a compound annual growth rate (CAGR) of 22 percent. Funding for FinTech companies in India through IPOs, M&As, and private funding rounds increased by 3x in 2021. The numbers tell a great story, but it seems that we’re only getting started. To fully understand the national reshaping across t...
-
Digital Rupee: ‘We See Clear Advantages in a Central Bank Driven Digital Currency’, Finance Minister Says
Union Finance Minister Nirmala Sitharaman said the “Digital Rupee” is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency.
-
Key Services Hit As 2-Day Nationwide Bank Strike Begins: 10 Points
Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and "retrograde banking reforms". As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body...
-
Piyush Goyal To meet Heads Of Public Sector Banks Ahead Of Budget
Interim Finance Minister Piyush Goyal has called the heads of all public sector banks for a meeting on Monday when he is expected to take stock of banking sector's performance and discuss ways to improve their financial health.
-
Protests Stall Parliament, Minutes After Budget Session Resumes: 10 Points
The Lok Sabha and the Rajya Sabha were adjourned for the day amid slogan shouting by opposition lawmakers after parliament reconvened on Monday after a recess. In the Rajya Sabha, both the BJP and the Congress have moved adjournment motion notices on issues the parties say must be discussed immediately, setting the tone for a stormy second half of ...
