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Digital Platforms Are Eating Banking

Digital Platforms Are Eating Banking

I requested a room full of bankers lately what they notion after they heard the phrase “platform.” The most common responses had been “online banking,” “cellular banking,” and “lending.” One guy stated “footwear.” Very humorous,…

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Why FinTech Companies Keep Launching Their Own Banking Products

Why FinTech Companies Keep Launching Their Own Banking Products

While every person ought to buy a Certificate of Deposit (CD) that paid over five% APY just a decade in the past, the common charge for a 12-month CD is now just 0.59%. Worse, the…

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ICICI Bank launches digital banking platform ‘InstaBIZ’ for MSMEs

ICICI Bank launches digital banking platform ‘InstaBIZ’ for MSMEs

ICICI Bank on Wednesday introduced the launch of a new virtual platform ‘InstaBIZ’ curated for MSMEs and self-employed clients to permit them to adopt their commercial enterprise banking transactions digitally and right away. InstaBIZ allows…

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‘I’m an outsider’: Why Raghuram Rajan didn’t observe for top task at Bank of England

‘I’m an outsider’: Why Raghuram Rajan didn’t observe for top task at Bank of England

Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t follow to head up the Bank of England. In an interview with the BBC,…

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Interactive: The transformation of the banking sector

Interactive: The transformation of the banking sector

The length from 1967-1991 become characterized via nationalization of banks. However, administered interest fees directed lending and little operational flexibility took a toll at the profitability of banks. With a view to improving the delicate…

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View: Modi ought to starve India’s state banks, no longer celebrate them

View: Modi ought to starve India’s state banks, no longer celebrate them

Fifty years in the past, India took a wrong turn leftward from which it’s miles yet to get better: On July 19, 1969, the authorities took over the banking device, nationalizing 14 banks which collectively…

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Bank employees are proud, but feel fundamental issues but to be addressed

Bank employees are proud, but feel fundamental issues but to be addressed

As u . S. A. Celebrates 50 years for the reason that bank nationalization, financial institution employees can be proud that they have contributed to state-building. Still, there are primary troubles close to the bank…

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MF Wrap: Banking is the top select for fund houses in June; right here are different sectors that made it to their purchasing list

MF Wrap: Banking is the top select for fund houses in June; right here are different sectors that made it to their purchasing list

Asset managers continued to gather shares of banks for the 9th instantly month in June, in keeping with Securities and Exchange Board of India (SEBI) deployment statistics. The finances deployed 24. Seventy-eight percent of their…

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Banking quarter going through many challenges: Gadkari

Banking quarter going through many challenges: Gadkari

NAGPUR: Union minister Nitin Gadkari on Saturday said that the banking zone becomes dealing with quite a few demanding situations on numerous fronts. Gadkari also stated, “Banking zone is going through a variety of challenges…

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Aditya Birla Payments Bank to wind up

Aditya Birla Payments Bank to wind up

Less than two years after it changed into began, Aditya Birla Payments Bank is about to shut down the store. In a regulatory filing, the Vodafone-Idea combine stated the Board of Directors of its accomplice…

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