SBI, other banks using AI big time to improve efficiency, cut costs

Private sector banks too are using the advance innovative technology for improving workforce productivity and enhancing the customer experience. Read more »

Under CBI scanner, ex-Canara Bank MD quits RBI panel

In a letter to the regulator, Raman said he had shown the highest standards of integrity in his professional career and the loans to the group were given after following established standards. Read more »

PNB hikes lending rates by up to 10 basis points

New Delhi, Jun 30 () State-owned Punjab National Bank today raised the marginal cost of funds-based lending rate, the floor rate at which it lends to consumers, for select tenors by 0.05-0.10... Read more »

Why small farmers are upset with India’s food safety regulator

A 2016 Yes Bank White Paper on organic market estimates it to be Rs 250-300 crore and the “uncertified, unmonitored” one to be Rs 300-500... Read more »

Bank Board Bureau recommends name of bank bosses

It is said to have interviewed about five dozen senior executives from different government-owned banks as it sought recommend more than a dozen candidates to run public sector banks, battling with huge... Read more »

Sriram takes charge as MD and CEO of IDBI Bank

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of the Reserve Bank of India (RBI). Read more »

Subsidised LPG price hiked by Rs 2.71 per cylinder

Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month. Read more »

IGI, Mumbai airports fare poorly in flight punctuality globally: Study

The 'on-time performance' for Delhi stood at 70.7 per cent in comparison to Nagoya Komaki Airport in Japan which topped the global ranking list with an OTP rate of 94.5 per cent. Read more »

One of India’s longest-serving bosses is getting another extension. Here’s why

ITC is trying to emerge as a modern diversified fast-moving consumer goods (FMCG) player while trying to shed its cigarette and tobacco legacy. Read more »

US-China trade war could flood India with steel

Duties imposed by the U.S. would trigger “trade diversion” from other steel makers, who would then dump their products in India Read more »