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New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
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Damage To Gaza Critical Infrastructure Around $18.5 Billion: World Bank
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
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India's Digital Public Infrastructure Push Gets World Bank's Praise
India is pushing for the inclusion of digital public infrastructure (DPI) as a major takeaway from the upcoming G20 summit in New Delhi.
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Mastercard Launches ‘Crypto Secure’ to Assist Banks in Preventing Cases of Fraud
Mastercard has launched a new tool called ‘Crypto Secure’ that is intended to help banks and financial institutions detect as well as prevent fraudulent activities associated with virtual digital assets. CipherTrace blockchain startup will be providing the infrastructure for rolling-out the tool.
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India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
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UK Finance Minister Plans New Infrastructure Bank In Budget: Report
UK Chancellor of the Exchequer Rishi Sunak is expected to set aside GBP 22 billion for a new infrastructure bank when he tables his Budget in Parliament next Wednesday, according to a UK media report on Saturday.
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China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
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China's Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.
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Indian-Origin Woman Takes Charge Of European Bank's Sustainability Team
The European Bank for Reconstruction and Development (EBRD) on Monday announced the appointment of Nandita Parshad, an Indian-origin senior executive, as the head of its consolidated new sustainable infrastructure group within the multilateral organisation.
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BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh
The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
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BRICS Bank Approves $ 400 Million Loans For India, Russia
The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.
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Meet the Startups That are Changing India’s Banking and Financial Institutions
AI and IoT are some of the areas where startups are finding new ways to get the banking and financial services industry to get up to date, with analytics and insights.
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India Preparing Projects Worth $2-3 Billion For Funding By AIIB: Arun Jaitley
India is preparing a basket of projects worth USD 2-3 billion for funding by the Asian Infrastructure Investment Bank (AIIB) in several areas like urban development and energy and is ready to set up an office of the China-backed bank in New Delhi.
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Chinese President Launches New AIIB Development Bank As Power Balance Shifts
Chinese President Xi Jinping launched a new international development bank seen as a rival to the US-led World Bank at a lavish ceremony today, as Beijing seeks to change the unwritten rules of global development finance.
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In New Maldives Land Ownership Policy, Some See 'Sweetener for China'
The Maldives ratified legislation today to allow foreigners with investment of more than $1 billion to own land despite opposition concern the reform could be used for military expansion in the islands by China.
-
New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
-
Damage To Gaza Critical Infrastructure Around $18.5 Billion: World Bank
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
-
India's Digital Public Infrastructure Push Gets World Bank's Praise
India is pushing for the inclusion of digital public infrastructure (DPI) as a major takeaway from the upcoming G20 summit in New Delhi.
-
Mastercard Launches ‘Crypto Secure’ to Assist Banks in Preventing Cases of Fraud
Mastercard has launched a new tool called ‘Crypto Secure’ that is intended to help banks and financial institutions detect as well as prevent fraudulent activities associated with virtual digital assets. CipherTrace blockchain startup will be providing the infrastructure for rolling-out the tool.
-
India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
-
UK Finance Minister Plans New Infrastructure Bank In Budget: Report
UK Chancellor of the Exchequer Rishi Sunak is expected to set aside GBP 22 billion for a new infrastructure bank when he tables his Budget in Parliament next Wednesday, according to a UK media report on Saturday.
-
China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
-
China's Belt And Road Can Speed Development, Needs Transparency: World Bank
China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.
-
Indian-Origin Woman Takes Charge Of European Bank's Sustainability Team
The European Bank for Reconstruction and Development (EBRD) on Monday announced the appointment of Nandita Parshad, an Indian-origin senior executive, as the head of its consolidated new sustainable infrastructure group within the multilateral organisation.
-
BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh
The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
-
BRICS Bank Approves $ 400 Million Loans For India, Russia
The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.
-
Meet the Startups That are Changing India’s Banking and Financial Institutions
AI and IoT are some of the areas where startups are finding new ways to get the banking and financial services industry to get up to date, with analytics and insights.
-
India Preparing Projects Worth $2-3 Billion For Funding By AIIB: Arun Jaitley
India is preparing a basket of projects worth USD 2-3 billion for funding by the Asian Infrastructure Investment Bank (AIIB) in several areas like urban development and energy and is ready to set up an office of the China-backed bank in New Delhi.
-
Chinese President Launches New AIIB Development Bank As Power Balance Shifts
Chinese President Xi Jinping launched a new international development bank seen as a rival to the US-led World Bank at a lavish ceremony today, as Beijing seeks to change the unwritten rules of global development finance.
-
In New Maldives Land Ownership Policy, Some See 'Sweetener for China'
The Maldives ratified legislation today to allow foreigners with investment of more than $1 billion to own land despite opposition concern the reform could be used for military expansion in the islands by China.
