Banking | Ganga News Today

The sticking point in the rollout is the reluctance of Indian and Sri Lankan banks to come to an agreement on fee payments for transactions using the RuPay cards.

WORLD

India Aims to Introduce RuPay Services in Sri Lanka

March 18, 2024

India's push to introduce RuPay services in Sri Lanka aims to enhance digital payment connectivity between the two countries, facilitating ...

Global spending on AI is estimated to cross $500 billion in the next three years, of which generative AI is slated to account for nearly 30%, says Moody’s

BUSINESS

Moody’s Predicts Global Generative AI Spending

by Ayushi

January 24, 2024

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Moody's, the financial services firm, predicts that global enterprise spending on generative artificial intelligence (AI) will surpass $150 billion by ...

The bank is growing its loan book based on internal risk appetite and does not offer personal loans below ₹50,000, Amitabh Chaudhry added.

BUSINESS

Axis Bank Cautious on Personal Loans, Monitors Asset Quality

by Ayushi

October 25, 2023

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Axis Bank, a prominent private-sector lender in India, is keeping a watchful eye on the quality of its personal loans ...

INDIA

India & Singapore Expand Digital Payment Link with UPI-PayNow

by Ayushi

October 18, 2023

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India and Singapore are bolstering their collaboration in the realm of digital payments, expanding the scope of their landmark linkage ...

Bank FD interest rate: These rates are applicable on deposits below ₹2 crore, with effect from October 9, 2023

INDIA

Unity Bank Hikes FD Interest Rates on Select Tenures

by Ayushi

October 14, 2023

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Unity Small Finance Bank Limited, popularly known as Unity Bank, has announced an increase in the interest rates offered on ...

Yes Bank cuts FD rates: After the revision, the bank offers interest rates between 3.25% to 7.25% to general citizens, and 3.75% to 8% to senior citizens on FDs maturing in seven days to ten years

INDIA

Yes Bank Reduces Fixed Deposit Interest Rates

by Ayushi

October 7, 2023

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Private lender Yes Bank has recently announced a reduction in the fixed deposit (FD) interest rates for deposits below ₹2 ...

The Wyoming's new special-purpose depository institutions wrt crypto-focused banks haven’t received Fed approval for master accounts at the central bank.

WORLD

Delayed Approvals for Wyoming’s Crypto-Focused Banks

by Ayushi

September 6, 2023

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Wyoming's efforts to establish state-chartered banks catering to cryptocurrency firms have faced delays in obtaining approval from the Federal Reserve. ...