Bank fraud cases rise 27% YoY in 2024; scams worth ₹21,367 crore logged in H1FY25: RBI data
Reserve Bank of India data showed that bank fraud cases have risen 27 per cent year-on-year to a total of 18,461 cases in the ...
The Financial Express23m
NBFCs maintain double-digit credit growth in FY24: RBI report
NBFCs also secured funds from foreign sources, mainly through external commercial borrowings (ECBs) and issuance of debentures.
Why credit card holders cannot challenge excessive interest rates in consumer court
A Bench of Justices Bela M Trivedi and Satish Chandra Sharma last week held that the interest rate charged by banks could not ...
Bad loans decline: Banks’ gross NPA ratio declines to 13-year low of 2.5% at September end, says RBI report
The slippage ratio, which measures new accretions to NPAs as a share of standard advances at the beginning of the year, also ...
Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can now charge over 30% on credit card dues, after the Supreme Court overturned a 16-year-old National Consumer ...
RBI committee to study global regulations on AI, identify risks
The committee will also try to identify potential risks associated with AI and a framework to evaluate and monitor the use of ...
RBI sets up panel to develop a framework on ethical use of AI in financial sector
The Reserve Bank of India (RBI) has announced that it has constituted a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial ...
money.rediff45m
Madhya Pradesh HC Stays Religare AGM Amid Burman Family Tussle
Madhya Pradesh High Court has stayed the Dec 31 AGM of Religare Enterprises Ltd, amidst a dispute between Chairperson Rashmi ...
RBI Sets Up Committee To Recommend Framework for Ethical AI in Financial Sector
The committee will also recommend a framework including governance aspects for responsible, ethical adoption of AI models/applications in the Indian financial sector.