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June 24, 2021 11:41 am
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BFSI

ICICI Lombard

ICICI Lombard eyes tech upgrade, partners Microsoft to automate audits of service calls

The deployment of Microsoft’s Azure AI tools will allow ICICI Lombard to improve the accuracy of its quality audits
cash, India rupee

Explained: Why demand for cash has surged during pandemic

This is largely happening because people withdraw in larger quantities and prefer to hoard, pre-empting medical or any other form of emergencies, which has ultimately increased cash in circulation
Padma Kumar Nair, CEO, National Asset Reconstruction Company's (NARC) (Photo: File)

IBA approves appointment of SBI chief GM Padma Kumar Nair as first NARC CEO

 Nair was selected as the preferred candidate by a five-member committee appointed by the Indian Banks’ Association (IBA) and is likely to get a five-year term
Google Pay

Google Pay US users can transfer money to India and Singapore

Google Pay app users in the US can now transfer money to friends and family in India and Singapore
Mathew Joseph, Chief Risk Officer, HDFC Bank

Veteran HDFC executive Mathew Joseph to remain CRO for two more years

The mortgage lender HDFC has announced to extend Joseph’s tenure that was likely to end on June 1 this year by another two years
Digital Payment, Online Shopping

FSS and NIPL join hands to expand UPI global footprint

FSS, and NPCI International Payments (NIPL), the international arm of National Payment Corporation of India), have signed a strategic partnership to expand UPI (Unified Payment Interface) rails in international markets
SBI, State Bank of India, YONO, SBI Online Account

Open SBI account online without visiting branch with YONO: Here’s how

State Bank of India, the country's largest lender has also launched a Video KYC-based account opening feature on its mobile banking app YONO.
Abhay Aima, Advisory Board Member, Spice Money

Spice Money appoints former HDFC Bank country head Abhay Aima as new Advisory Board Member

Finteh firm Spice Money said that it has appointed former HDFC Bank country head Abhay Aima as a new Advisory Board Member.
Digital Payment, Online Shopping

RIL looks to ride NUE to foray into global digital payment biz

Planning new strides in the digital payment segment, Reliance Industries’ proposed New Umbrella Entity (NUE) for payments services, in a consortium with Infibeam Avenue, Google and Facebook has set its eyes on global launch.
The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman along with the Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur arrives at Parliament House to present the General Budget 2021-22. (Photo: PIB)

Budget 2021 adequately supports SMEs, education and BFSI sectors, says top CXOs

Increasing the FDI limit to 74% from the current 49% in the insurance sector is a welcome move by the government which was long overdue, says BFSI leaders on the Union Budget 2021.
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