India’s Financial Intelligence Unit has issued notices to 15 offshore digital asset platforms, expanding its efforts to enforce anti-money-laundering rules and curb illicit cross-border crypto transactions. India’s Financial Intelligence Unit has stepped up pressure on offshore crypto platforms, issuing non-compliance…
Canara Bank plans to issue up to ₹4,500 crore in Basel III-compliant Additional Tier I bonds on September 16, as part of a larger ₹8,500 crore fundraising plan to support its expansion across various lending segments and strengthen its capital…
A Kerala consumer commission has awarded Rs 70,000 to a customer after an ATM failed to dispense Rs 10,000 in 2014, ruling the bank could not provide proof of the transaction and highlighting the bank’s responsibility in safeguarding customer interests.…
India’s financial regulators have initiated a pioneering pilot to tokenise corporate bonds using blockchain and CBDC technology, signalling a major step towards digitising the country’s asset trading infrastructure amid wider financial inclusion efforts. India’s financial regulators have taken a step…
Razorpay launches Vulcan, an innovative AI foundation model in India designed to enhance payment success, reduce fraud, and personalise checkout experiences, developed with Nvidia and AWS technology. Razorpay has unveiled Vulcan, which it describes as India’s first artificial intelligence foundation…
George Thomas of Quantum AMC highlights improved investment prospects in India’s FMCG shares following a significant correction in valuations, emphasising stable fundamentals amid ongoing headwinds. George Thomas of Quantum AMC says India’s fast-moving consumer goods shares are starting to look…
Indian medical device makers welcome recent regulatory reforms but warn that the broader policy framework risks misclassifying engineering products as pharmaceuticals, urging for a dedicated law and regulator to support industry growth. India’s medical device makers have welcomed some of…
Taxpayers awaiting income-tax refunds in India often face delays due to simple processing or discrepancy checks, not system failures, with guidance on how to track and resolve issues. Taxpayers waiting for an income-tax refund are often dealing with a simple…
At a recent BRICS forum, member countries discussed strategies to expand overseas markets, strengthen trade with Africa and Asia, and boost women’s participation in the economy, amid calls for reforms to secure sustainable growth. At a BRICS forum on Thursday,…
Nitin Chugh of Perfios warns that regulatory hurdles and the need for human oversight will slow the full adoption of artificial general intelligence in financial services, despite advancements in agentic AI systems tailored for credit assessment and risk management. The…
