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View: The dark side of India’s digital gold rush

India's booming digital commerce is marred by "dark patterns," design tactics that trick consumers into overpaying or buying unwanted items. From airlines to quick-commerce startups and banks, companies exploit weak regulations and a newly connected population. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8Dt0nrg via IFTTT
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Cheques & balances: IDFC First brings in extra layer of security

IDFC First said it is implementing two new controls for government, banking and institutional accounts. Under the revised protocol, the bank will first send an email to the registered email ID of the concerned account holder and will clear the transaction only after receiving explicit confirmation from that address, a spokesperson said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8dDtIvo via IFTTT
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Banks rake in Rs 19,000 crore from minimum balance charges

Banks collected about Rs 19,000 crore in penalties for not maintaining minimum balance between FY23 and FY25, with private banks accounting for around Rs 11,000 crore and public sector banks Rs 8,093 crore, according to data shared in Lok Sabha. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/d8BNlFu via IFTTT
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Senior bankers quit for rivals as Asia talent fight intensifies

Senior bankers in Asia are increasingly switching firms as deal activity in the region picks up, triggering fresh hiring and poaching among major global banks. Investment banks including UBS, Citigroup, JPMorgan, Morgan Stanley and Jefferies are competing for talent across sectors such as real estate and equity capital markets. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H4N98B3 via IFTTT
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Billionaire-backed Kotak Bank open to deals as CEO touts capital

Kotak Mahindra Bank is exploring acquisitions to deploy its surplus capital and expand its scale, CEO Ashok Vaswani said. The lender has a strong capital position, with a capital-to-risk ratio of 22.6%, allowing it to consider even deals above $1 billion, though it will assess whether targets fit its strategy, valuation and management focus. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4EFzUHG via IFTTT
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Basic savings, Jan Dhan accounts not subject to penalty for not having minimum balance: FM Nirmala Sitharaman

With nearly 72 crore basic savings accounts, including PM Jan Dhan accounts, enjoying the perk of no penalties for low balance, this initiative is a game-changer for financial inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PRFyNHz via IFTTT
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NatWest Group India appoints Ritu Tushir as head of HR for India operations

NatWest Group India has appointed Ritu Tushir as its new head of HR in India. Tushir will spearhead the bank's people strategy, focusing on building a future-ready workforce with skills in data, AI, and cloud. Her role emphasizes accelerating reskilling and strengthening cultural enablers like well-being and DE&I. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/t1oGAsr via IFTTT
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