Posts

Banks, FIU-IND work on sharper framework to flag money mule accounts

Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/insmJhB via IFTTT
Post a Comment
Read more

HDFC Bank staff help prevent Rs 1.12-crore 'digital arrest' fraud

HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An attentive staff member noticed an anxious couple trying to send a hefty amount of money while on a video call with someone unknown. Reacting promptly, the bank team identified the suspicious activity and successfully protected the seniors from losing Rs 1.12 crore, showcasing their commitment to customer safety. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zWiyeqB via IFTTT
Post a Comment
Read more

Kotak Mahindra Investments' CFO Siddarth Gandotra resigns, Hiren Vora to succeed

Siddarth Gandotra resigns as CFO of Kotak Mahindra Investments Limited on August 31, 2026. Hiren Vora will assume the CFO role starting September 1, 2026. Vora brings eighteen years of experience within the Kotak group. Finance Minister Nirmala Sitharaman called for banking sector reform recommendations. A high-powered committee will examine banking's role in Viksit Bharat 2047. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zw3tQoi via IFTTT
Post a Comment
Read more

Former Nomura banker Mangesh Ghogre joins BTIG

BTIG appointed Mangesh Ghogre as managing director in its Industrials Investment Banking group. Ghogre will focus on metals and mining coverage for the firm's clients. He brings over two decades of global investment banking experience across the US and Asia. Previously, Ghogre worked at ThinkEquity and founded One Capita Advisors. U.S. Bancorp completed its acquisition of BTIG, LLC on June 1, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LKvQt87 via IFTTT
Post a Comment
Read more

NABARD, NaBFID sign MoU for funding rural infrastructure projects

NABARD and NaBFID have signed an initial pact to strengthen collaboration. This agreement focuses on financing infrastructure projects with significant rural impact. The memorandum provides a framework for joint financing and knowledge sharing. Key areas include water, sanitation, irrigation, and post-harvest storage facilities. This partnership aims to advance rural prosperity and bridge the rural-urban divide. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yqK71RH via IFTTT
Post a Comment
Read more

Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag

Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uZTe2f7 via IFTTT
Post a Comment
Read more

EAC moots consolidation to create a few large banks

India needs to consolidate banks into a few large entities. This consolidation aims to meet rising credit needs for Viksit Bharat by 2047. Banks will increasingly focus on data-driven customer experiences and AI automation. The banking sector has seen significant positive changes since 2014. Future agendas include mobilizing stable deposits and deepening productive lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Tkl9Nf1 via IFTTT
Post a Comment
Read more