India
4,800 phishing incidents monthly in India's banks
Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.
2 days ago
4,800 phishing incidents monthly in India's banks
Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.
2 days ago
State Bank of India taps SG-based APIX for fintech innovation platform
The platform will provide access to over 250 financial service APIs.
Low deposit growth spell loan funding challenges for Indian banks
The banks may opt to borrow more, according to Fitch.
India urges banks to review digital payment access for disabled users
They must submit a plan of action for any modification within a month’s time.
India’s credit and charge card payments market to grow 15.5% in 2024
Credit and charge cards accounted for 75.7% of total card payment value in 2023.
India’s central bank names new executive director
Shri Aviral Jain will look after the legal and premises departments.
IDFC First Bank, ICICI banking platforms rated best in India: Forrester
IDFC is the top-rated platform overall whilst ICICI was best in overall experience.
Axis Bank, Mastercard, launch credit card for business owners
Cardholders will gain access to select airport lounges and are offered travel insurance.
India’s new regulatory measures to moderate loan growth
It will enhance compliance and safeguard customers, S&P said.
RBI deputy governor calls for enhanced financing access for Indian farmers
Shri Swaminathan Janakiraman suggested five solutions to address financing issues.
Indian banks deposits and credit grow at the same pace
Deposits have expanded by $147.73b between January-August 2024.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
Mastercard pilots biometric payment authentication in India
Shoppers can use their fingerprint, face scan, or pin to confirm payment.
India names first self-regulatory organisation for fintechs
There are two more applications pending, according to the central bank.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
Indian banks’ net interest margin decline as deposit costs rise
Deposit costs rose by up to 90 basis points for some banks.
Indian bankers optimistic for loan demand: survey
Except for mining and quarrying, demand is expected to hold up through September.
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