Indian Financial System
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Banks On Edge, Finance Ministry On Alert: Mythos AI Panic Explained
Mythos, an advanced AI model developed by Anthropic, can compress weeks of hacking effort into hours. This is making banks nervous globally.
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IT Department Reportedly Issues Tax Notices to Crypto Traders Over Past Unreported Transactions
Indian tax authorities are issuing notices to crypto investors over unreported transactions from past financial years. The move follows increased scrutiny of exchange data and income filings, with regulators using analytics tools to detect mismatches. The notices aim to improve compliance and allow investors to clarify discrepancies before further ...
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US Companies Face Anti-Indian Backlash After Trump's H-1B Visa Overhaul
A rise in hostility toward Indian professionals and businesses in the United States has followed recent changes to the country's skilled-worker visa system, according to experts cited by the Financial Times.
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Financial Advisor Explains Why India's Rich Are Quietly Leaving
Shrivastava shared that many High Net-Worth Individuals (HNIs) privately reach out to him for advice on relocating overseas.
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'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
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"Tremendous Ties With PM Modi But...": Trump's Top Aide On India Buying Russia Oil
A senior official of US President Donald Trump's administration accused India of financing Russia's war in Ukraine by purchasing oil from Moscow.
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Indian Cybercrime Coordination Centre Helps Reduce Spoofed Calls by 97 Percent, Minister Says
The Indian Cybercrime Coordination Centre (I4C) systems have slashed spoofed calls by 97 percent, curbing cyber-crime and financial fraud, according to Dr Pemmasani Chandra Sekhar, Minister of State for Communications. The Department of Telecommunications' Digital Intelligence Platform (DIP) facilitates secure information sharing among stakeholders...
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"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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Economic Survey 2023-24 Reveals Over 30 Crore Students In India's Education System
Economic Survey 2023-24: Female enrolment in higher education increased to 2.07 crore in financial year 2022 from 1.57 crore in fiscal year 2015.
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Indian Financial Systems Remain Largely Unaffected From Microsoft Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
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Indian Economy, Financial System Remain Robust And Resilient, Says RBI
The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.
-
Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
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India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
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Navinder Singh Sarao: How This Indian Trader Wiped Off $1 Trillion From US Market
Navinder Sarao's case sparked intense debate within the financial community, with some viewing him as a scapegoat for systemic issues within the markets
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Banks On Edge, Finance Ministry On Alert: Mythos AI Panic Explained
Mythos, an advanced AI model developed by Anthropic, can compress weeks of hacking effort into hours. This is making banks nervous globally.
-
IT Department Reportedly Issues Tax Notices to Crypto Traders Over Past Unreported Transactions
Indian tax authorities are issuing notices to crypto investors over unreported transactions from past financial years. The move follows increased scrutiny of exchange data and income filings, with regulators using analytics tools to detect mismatches. The notices aim to improve compliance and allow investors to clarify discrepancies before further ...
-
US Companies Face Anti-Indian Backlash After Trump's H-1B Visa Overhaul
A rise in hostility toward Indian professionals and businesses in the United States has followed recent changes to the country's skilled-worker visa system, according to experts cited by the Financial Times.
-
Financial Advisor Explains Why India's Rich Are Quietly Leaving
Shrivastava shared that many High Net-Worth Individuals (HNIs) privately reach out to him for advice on relocating overseas.
-
'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
-
"Tremendous Ties With PM Modi But...": Trump's Top Aide On India Buying Russia Oil
A senior official of US President Donald Trump's administration accused India of financing Russia's war in Ukraine by purchasing oil from Moscow.
-
Indian Cybercrime Coordination Centre Helps Reduce Spoofed Calls by 97 Percent, Minister Says
The Indian Cybercrime Coordination Centre (I4C) systems have slashed spoofed calls by 97 percent, curbing cyber-crime and financial fraud, according to Dr Pemmasani Chandra Sekhar, Minister of State for Communications. The Department of Telecommunications' Digital Intelligence Platform (DIP) facilitates secure information sharing among stakeholders...
-
"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
Economic Survey 2023-24 Reveals Over 30 Crore Students In India's Education System
Economic Survey 2023-24: Female enrolment in higher education increased to 2.07 crore in financial year 2022 from 1.57 crore in fiscal year 2015.
-
Indian Financial Systems Remain Largely Unaffected From Microsoft Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
-
Indian Economy, Financial System Remain Robust And Resilient, Says RBI
The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.
-
Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
-
India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
-
Navinder Singh Sarao: How This Indian Trader Wiped Off $1 Trillion From US Market
Navinder Sarao's case sparked intense debate within the financial community, with some viewing him as a scapegoat for systemic issues within the markets
