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AI, trust, and the future of money: With AI making payments invisible, trust becomes the new currency

Artificial intelligence will shift payments from digital to delegated commerce, enabling machines to transact for consumers. Trust and real-time controls will become essential building blocks for the financial system. AI will enhance personalized experiences and help identify fraudulent transactions effectively. Consumers will focus on payment outcomes rather than the underlying transaction rails. New guardrails will be necessary as machines increasingly interact autonomously. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gSjIXwC via IFTTT
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Gold loan portfolio to surpass Rs 1.5 lakh crore by FY27-end: Indian Bank MD

Indian Bank expects its gold loan book to surpass Rs 1.5 lakh crore this financial year. This growth will be driven by increased loan volumes and robust demand for gold loans. The bank also reported significant CASA deposit growth in the first quarter. It has successfully raised USD 400 million through overseas bond issuance. Further foreign currency inflows are anticipated from FCNR(B) deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4nd3DGb via IFTTT
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SBI's total business may double to Rs 200 lakh cr by 75th foundation year in 2030: Chairman

By the year 2030, State Bank of India anticipates its total business could reach an impressive Rs 200 lakh crore, mirroring the Indian economy's projected annual growth of seven to eight percent. The bank's Vision 2030 is designed to benefit customers, employees, shareholders, and government stakeholders. With a focus on bolstering capital ratios and enhancing its cost-to-income ratio, SBI sets its course through various economic landscapes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/it7g5AP via IFTTT
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Commercial vehicle loans post 20.1% five-year CAGR as used cars and auto premiumisation drive lending: report

Commercial vehicle loans will grow significantly over five years. Used car loans are the fastest-growing segment, formalizing credit access. Two-wheeler financing maintains the largest borrower volume, introducing many new customers. Auto loan disbursements are shifting towards higher values, increasing average ticket sizes. Delinquency indicators are improving across most vehicle loan categories. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DLEbt9h via IFTTT
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FCNR deposits emerge as banks’ new FY27 growth lever: Report

Indian banks anticipate stronger net interest income and earnings growth in FY27. This outlook is supported by robust foreign currency deposit mobilization and healthy credit demand. Systemic credit growth is projected around fifteen percent year-on-year, with FCNR deposits aiding expansion. Asset quality remains stable, and deposit growth has strengthened significantly by end-July. ICICI Securities maintains a positive stance on the banking sector's performance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/m4qdIVc via IFTTT
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Banks ride RBI swap wave to raise $12 billion via overseas debt

This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/na4cXDG via IFTTT
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Tata, Godrej and now Birla: Big groups aren't just chasing glitter

India’s gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reaching Rs 3.3 lakh crore by May 2026. Tata Capital, Godrej Capital and Aditya Birla Capital are expanding aggressively as lenders shift toward secured retail credit, driven by rising gold prices, strong demand, regulatory changes and India’s vast household gold holdings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YHPRAO3 via IFTTT
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