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AI expansion push: Seven PSBs roll out 32 generative AI use cases under EASE 8.0 programme

Seven public sector banks are using generative AI for 32 new applications. These initiatives aim to boost efficiency and credit assessment. Ten banks have formal AI policies. The EASE 8.0 reforms encourage AI for complex tasks and faster decisions. Future reforms, EASErise, will focus on risk management and economic shock absorption. This technology push aligns with national financial goals. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pQ4Hg7E via IFTTT
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Muthoot Microfin looks to buy company offering loan against property

Muthoot Microfin is exploring inorganic growth by acquiring a majority stake in two non-banking financial companies. This move aims to expand its micro loan against property business. The company is diversifying its portfolio following recent RBI policy changes. Muthoot Microfin plans to significantly increase its secured lending. This strategy will reduce reliance on unsecured microfinance loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tLBYzfE via IFTTT
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Reserve Bank proposes easing foreign exchange transaction norms

The Reserve Bank of India has proposed new rules for foreign exchange dealings. Authorised persons will get more flexibility in hedging exposures, managing balance sheets, and market-making. Reporting obligations will also be eased. These draft directions aim to provide greater freedom in dealing with foreign exchange products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z2UWVgn via IFTTT
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Banks ramp up bad loan sales to ARCs in December quarter, retail NPAs at Rs 24,814 crore

Industry data up to December 2025 showed that banks sold Rs 24,814 crore retail non-performing assets (NPAs) to asset reconstruction companies (ARC). That compares with Rs 9,093 crore of retail bad loans sold up to September. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Yc1wGlv via IFTTT
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Rising middle class, talent make India a good place to invest in: Bernard Mensah, President of International, Bank of America

Bank of America's Bernard Mensah sees India as a prime investment destination, citing its growing middle class, strong institutions, and reformist government. The bank is increasing its India limits, anticipating more M&A activity fueled by regulatory liberalization and a focus on supply chain resilience. Despite geopolitical risks, Mensah believes capitalism's core architecture remains intact. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ht7E5IQ via IFTTT
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Three senior bankers including country head at Raine Group are said to depart advisory firm

Three senior bankers at Raine Group’s India unit, including country head Gaurav Mehta, are set to leave the boutique advisory firm to start a new investment banking venture, according to people familiar with the matter. Managing directors Naveen Asopa and Girish Punjabi are also departing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ifTpcJH via IFTTT
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Avendus to help Mizuho link India, Japan, US and Europe: Masahiko Kato, Global CEO

Mizuho Bank aims to build a Japan-India investment corridor using its banking strength and the Avendus Capital acquisition, as CEO Masahiko Kato highlights rising Japanese investor interest and India’s growing strategic appeal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kqRcrBs via IFTTT
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