Finance Minister Nirmala Sitharaman said Indian banks are prepared for tech risks but warned about threats from Anthropic’s Mythos AI, with Ministry of Electronics and Information Technology monitoring impacts and urging stronger safeguards
The Reserve Bank of India approved Emirates NBD Bank’s plan to acquire up to 74% stake in RBL Bank, subject to regulatory clearances. The deal would make RBL a foreign-owned subsidiary, marking a significant development in India’s banking sector
The Finance Ministry has introduced a new framework to standardise recruitment result timelines for public sector banks. Officer-level results will be declared first, followed by clerical exams, reducing attrition, enhancing transparency, and improving workforce planning across SBI, NBs, and RRBs
HDFC Bank CEO Sashidhar Jagdishan clarified that AI adoption won't cause layoffs, instead shifting staff from backend to customer-facing or tech roles. Despite experimenting with generative AI, the bank sees it as a growth tool, not a job threat
Hyderabad: Telangana AI Mission (T-AIM) together with financial services company Wells Fargo launched the ‘Academic Grand Challenge’ to foster innovation in the banking sector. T-AIM is an initiative of the Government of Telangana, powered by Nasscom. In this challenge, student teams from India are expected to build solutions on two fronts. One involves building a […]
Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
"Going ahead, market is expected to remain positive but with sector/stock specific action. Investors would now track earnings season and watch out for management commentaries."
