Thursday, March 28, 2024

Banks

Credit cards woes form largest chunk of complaints for private banks, mobile banking for public sector banks

NEW DELHI: The largest share of public sector banks' complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said.

RBI issues new rules for self-regulatory organisations of banks, NBFCs

MUMBAI: The RBI on Thursday issued an omnibus framework for recognising self-regulatory organisations (SROs) for its regulated entities such as banks, NBFCs and housing finance companies.

Deposit rush among Indian banks to raise competition for funds

NEW DELHI: Surging credit has caused the loan-to-deposit ratios (LDRs) to climb at Indian banks, raising concerns that the trailing deposit growth and competition for funds would hit margins, according to S&P Global Market Intelligence data and analysis.

Netaji Subhash Chandra Bose had performed penance on the banks of river Saraswati in village Sautha in kaithal district

KAITHAL: Haryana Saraswati Heritage Development Board Vice Chairman Dhuman Singh Kirmach said that Netaji Subhash Chandra Bose had also done penance on the banks of Saraswati river. There is a plan by Saraswati Board to build a very beautiful ghat at this place. All the holy places located on the banks of Saraswati are being renovated. Similarly, renovation work will be done in Southa village also.

Asian central banks will not cut rates ahead of the Fed: Morgan Stanley

NEW DELHI: The latest commentary from Asian central banks signals that they have adopted a wait-and-see approach to rate cuts, foreign brokerage, Morgan Stanley said.

Punjab cyber-crime division directs banks to appoint nodal officers to coordinate with police in financial crimes

CHANDIGARH: In order to enhance coordination between the police and bank authorities to prevent Cyber Financial frauds in the state as desired by Chief Minister Bhagwant Singh Mann, Cyber Crime Division of Punjab Police has asked the banks to appoint a separate Nodal Officers for 1930 Cyber Helpline to ensure priority blocking of bank accounts and also for providing details regarding suspect bank accounts in timely manner.

Indian banks face a slowdown in growth and profit margins as deposits lag

NEW DELHI: Indian banks face a slowdown in growth and profit margins as deposits lag despite higher interest rates.

Ex-PhonePe CEO's startup Paymart to offer 'virtual ATM', partners 5 Indian banks

NEW DELHI: Former PhonePe CEO Amit Narang's fintech startup Paymart on Friday said that it has partnered with five Indian banks to offer its innovative virtual, cardless, and hardware-less cash withdrawal service.

Growth in banks' credit surpassing deposits: RBI

MUMBAI: The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.

Allahabad HC concerned over banks charging ‘very high’ rates of interest

PRAYAGRAJ: The Allahabad High Court has observed that despite guidelines issued by the Reserve Bank of India (RBI), banks are imposing arbitrarily high interest rates on their customers.

GenAI spending from banks to reach $85 bn globally by 2030

NEW DELHI: The spending on GenAI by banks will reach $85 billion in 2030, from $6 billion globally in 2024 which is a 1,400 per cent growth, a report showed on Tuesday.

SGPC Asked Punjab Govt to declare holiday in banks on the eve of birth anniversary of Guru Gobind Singh.

AMRITSAR: The Shiromani Gurdwara Parbandhak Committee has asked the Punjab government to declare holiday on January 16 on the eve of birth anniversary of Sri Guru Gobind Singh.

Yes Bank makes biggest market cap gain among banks in Q4 2023

NEW DELHI: Yes Bank posted the highest percentage increase in market capitalization among Indian banks in the quarter ended December 31, 2023. Market capitalization for the lender rose 24.4 per cent to Rs 616.94 billion from October to December, helping Yes Bank move two slots higher to 14th position in the list of top 20 Indian banks by market cap, according to S&P Global Market Intelligence data & analysis.

HDFC Bank led market capitalization gains among major Indian banks in Q4

NEW DELHI: HDFC Bank led market capitalization gains among major Indian banks in the quarter ended December 31, 2023, according to S&P Global Market Intelligence data.

Indian banks to see 'moderate growth' in deposits, 'deceleration in credit'

CHENNAI:The 2024 outlook for the Indian banking sector is robust and healthy with the Reserve Bank of India (RBI) hitting the pause button on the policy rate revision, satisfactory capital levels, loan loss provisions, and softening retail inflation, Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares and Stock Brokers has said.

Punjab FM directs banks to go full throttle on disbursements of loans under schemes aimed at creating employment and boosting entrepreneurship

CHANDIGARH: Directing banks to go full throttle on disbursements of loans under various schemes aimed at creating employment and boosting entrepreneurship in the state, the Punjab Finance Minister Advocate Harpal Singh Cheema on Friday asked the Lead bank Punjab National Bank (PNB) and other banks in the State Level Bankers' Committee (SLBC) to meet their targets of disbursement of Mudra and other loans for startups in Punjab by March 2024 by giving due emphasis on schemes aimed at empowering the SC/ST communities and women, startups by the youth, and Micro, Small & Medium Enterprises (MSMEs).

Banks in Punjab told to speed up disbursal of self-employment loans

CHANDIGARH: Punjab Finance Minister Harpal Cheema and Member of Parliament Vikramjit Singh Sahney on Friday reviewed the progress of sanctioning and disbursement of loans under various schemes for self-employment with state heads of 40 banks here.

RBI directs banks to roll out Card-on-File token facility for customers

MUMBAI: The RBI has issued a circular to all banks for introducing the Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts with various e-commerce applications.

RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23

NEW DELHI: The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-banking financial companies (NBFCs) and other entities for breach of norms during 2022-23, Minister of State for Finance Bhagwat Karad said in a written reply to the Lok Sabha on Monday.

Banks, midcaps and small caps continue to power stock market rally

MUMBAI: The markets are on a roll and the situation is so as the state election results a week ago indicate ongoing stability to continue after the general elections due in five months. The markets have gained about 4.5% in the last six trading sessions and are set to do much more in the coming six months.

Nifty depressed by poor performance of banks

NEW DELHI: The dominant trend in the market this year is the huge outperformance of the mid and small caps, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Banks, RBI keeping close watch to tackle cyber fraud: Sitharaman

NEW DELHI: Union Finance Minister Nirmala Sitharaman on Thursday said that while government institutions, banks and insurance companies were building greater awareness over cyber fraud, there was a need for people also to be more alert against cheats who were out to game the system.

Rajasthan Assembly polls: BJP banks on Hindutva by fielding Hindu seers against Congress candidates on three seats

JAIPUR: Three Hindu seers have been fielded by the BJP in Rajasthan against the Congress’ Muslim candidates in Tijara, Pokhran and Hawa Mahal.

Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending

NEW DELHI: Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India's (RBI) action raised the risk weightage on unsecured loans.

Trump's daughter Ivanka testifies in civil fraud trial claiming no memory of her communication to banks

NEW YORK: Former US President Donald Trump's daughter Ivanka Trump took the witness stand on Wednesday morning to testify in the $250 million civil tax frauds trial brought forth by Attorney General Letitia James, which seeks to cancel Trump business licences to do business in Manhattan and fine him for tax fraud.

RBI issues new directions to banks, NBFCs on IT governance & cyber security

MUMBAI: The RBI has issued a new comprehensive Master Direction to banks and NBFCs on Information Technology Governance, Risk, Controls and Assurance Practices which spells out the role of Directors of these regulated entities to discharge their duties in order to safeguard the interests of customers.

RBI’s intervention in unsecured loans could hurt growth of banks, NBFCs

NEW DELHI: Undeterred growth and risk mispricing in unsecured loans, mainly personal loans, cards over the past two years invite warning shots from the RBI, Emkay Global Financial Services said in a report.

Civil society forum writes to RBI Governor seeking information security auditors system for banks

KOLKATA: In the wake of multiple instances of online bank frauds through misuse of biometrics data in Aadhaar cards, a popular civil society forum here has appealed to Reserve Bank of India (RBI) Governor Shaktikanta Das for the introduction of information security (IS) audit system for banks.

PSU banks are best-performing bank stocks among Asia-Pacific peers

NEW DELHI: India's state-owned lenders posted the best-performing bank stocks among the country's Asia-Pacific peers in the quarter ended September 30, reflecting growing investor interest and the banks' stronger financials metrics, according to S&P Global Market Intelligence.

BJP banks on PM Modi's popularity, strong base, but Raje is a problem

NEW DELHI: Keeping the future of the party in mind, the BJP is determined to form a government in Rajasthan, and given the recent debacle in Karnataka, it is not prepared to take any risk in the desert state.

Cong banks on its 'six guarantees' to do a Karnataka in Telangana

HYDERABAD: From a distant third in the race, the Congress party in Telangana appears to have catapulted to a position where it can pose a real challenge to the ruling Bharat Rashtra Samithi (BRS).

Karuvannur Bank scam case: ED raids two more Coop banks in Thrissur

THIRUVANANTHAPURAM: Enforcement Directorate on Monday raided two more Cooperative banks in Thrissur in connection with the Karuvannur Service Cooperative Bank loan scam case in Kerala.

RBI to discontinue incremental cash reserve ratio requirement for banks, funds to be released in phases

NEW DELHI: The Reserve Bank of India (RBI) has decided to discontinue the requirement for scheduled banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL).

How neobanks are set to disrupt $31 bn Indian fintech market

NEW DELHI: The $31 billion fintech market in India is set for a disruption with the emergence of neobanks and to scale and secure a foothold, these digital-only banks should acquire primary bank accounts, a new report said on Wednesday.

SAD asks CM to direct cooperative banks to stop issuing arrest warrants against farmers

CHANDIGARH: -The Shiromani Akali Dal (SAD) today asked chief minister Bhagwant Singh Mann to direct cooperative banks to stop issuing arrest warrants against farmers who had failed to repay their loans because of deteriorating financial conditions due to crop failures coupled with sharp increase in agricultural inputs.

DHFL case: SC stays NCLAT order; to hear appeals of Piramal, banks in May

NEW DELHI: The Supreme Court on Monday stayed the National Company Law Appellate Tribunal's (NCLAT) order which ruled a stipulation in the DHFL resolution plan as "illegal" on recovery of avoidance transactions.

Indian fintech payment firms have no data advantage over banks: Moody's

NEW DELHI:As the Reserve Bank of India (RBI) barred Paytm from taking on new customers for its Payments Bank, a new report on Thursday said that fintech platforms' dominance in digital payments may not result in a significant data advantage over banks.

Nawanshahr DM orders CCTV cameras in all fuel stations and banks

NAWANSHAHR: Keeping in view the current scenario and maintaining law and order situation in the district, Deputy Commissioner-cum- District Magistrate Vishesh Sarangal on Wednesday ordered the installation of CCTV cameras in all fuel stations and banks.

UK PM announces sanctions against five Russian banks

NEW DELHI: UK Prime Minister Boris Johnson on Tuesday announced sanctions against five Russian banks -- Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank.

Small finance banks' AuM seen rising 20% in FY22: ICRA

NEW DELHI:Assets under management for small finance banks are estimated to rise by 20 per cent in FY22, as against 18 per cent increase in the last fiscal, rating agency ICRA said.

Two firms cheat banks of Rs 70 cr, CBI lodges cases

NEW DELHI:The Central Bureau of Investigation on Friday registered a case against two private firms and its officials for allegedly cheating banks to the tune of Rs 70 crore.

Large private banks to become larger, consolidation likely over FY22-24

MUMBAI: The Indian banking sector is set to witness a fresh phase of consolidation over the medium term which will primarily be driven by large private sector banks (PVBs)

Kamaldeep Singh Saini elected Vice Chairman of National Cooperative Agriculture and Rural Development Banks Federation Mumbai

CHANDIGARH: The Chairman of the Punjab State Cooperative Agricultural Development Bank Kamaldeep Singh Saini got elected as the Vice-Chairman of the National Cooperative Agriculture and Rural Development Banks Federation, Mumbai.

Banks to have nationwide credit outreach programme this year: FM

NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday said that public sector banks (PSB) will adopt a nationwide credit outreach programme this year.Addressing the media in Mumbai, she said that banks will go about to exhibit loan offerings in every district of the country in a bid to enhance the credit demand.

CPI-M Kerala unit parking ill-gotten wealth in Coop banks: BJP

THIRUVANANTHAPURAM: Kerala BJP chief K.Surendran on Saturday alleged that the ruling CPI-M is parking its ill-gotten wealth in cooperative banks and the latest massive fraud that has surfaced at the Trissur Karavanoor Cooperative Bank is only a tip of the iceberg.

RBI proposes changes in fund raising norms of urban co-operative banks

MUMBAI:The Reserve Bank of India (RBI) has proposed changes in rules for fundraising by primary (urban) co-operative banks.
On Wednesday, the central bank released a draft circular for issue and regulation of share capital and securities of primary (urban) co-operative banks

RBI bars MPs, MLAs from holding MD post in urban cooperative banks

 NEW DELHI: In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD) in urban cooperative banks.

Two weeks later, people still spending long nights outside banks

By Anand Singh
NEW DELHI: A chill has set in at 10 pm when the first customers start gathering outside a small SBI branch in Geeta Colony in east Delhi with the aim of drawing cash when it opens in the morning.

RBI bars MPs, MLAs from holding MD post in urban cooperative banks

 NEW DELHI: In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD) in urban cooperative banks.

Rahul attacks Centre over bodies buried in sands on Ganga banks

NEW DELHI: Former Congress president Rahul Gandhi on Thursday took a jibe at Prime Minister Narendra Modi over the dead bodies buried on the banks of the river Ganga, saying that the head of the Modi's "system" remains buried in the same sand.

Now, two dozen bodies found on Ganga banks in UP's Ghazipur

GHAZIPUR (UP): After Bihar's Buxar, around two dozen bodies were found on the banks of the Ganga at adjoining Ghazipur district of Uttar Pradesh, an official said on Tuesday.

Amritsar Rural Police busts major illegal mining racket along the banks of Ravi river

CHANDIGARH: As per the drive initiated by the newly formed Enforcement Directorate, Mining, against illegal mining, Amritsar (Rural) Police has launched a major crackdown on illegal sand mining in the district.

Major illegal mining operation conducted along the banks of Ravi river by Amritsar(RURAL) police- 1JCB, 1Pokline , 9 Trucks and trolleys seized, 2 Accused arrested

CHANDIGARH: As per the drive initiated by the newly formed Enforcement Directorate, Mining, against illegal mining, Amritsar (Rural) Police has launched a major crackdown on illegal sand mining in the district.

SII borrows money from banks to scale up Covishield production

NEW DELHI: To scale up production of its Covishield vaccine, the Serum Institute of India (SII) had borrowed money from banks instead of waiting for the government's aid to arrive.

SC restrains banks from charging interest-on-interest on borrower during moratorium

NEW DELHI: The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers.

MP Patiala Preneet Kaur slams BJP led central govt for its move to privatise public sector banks

PATIALA: NMember Parliament Patiala Preneet Kaur today while extending her support to the clarion call of Nationwide Bank Strike by the United Forum of Banks Union, slammed the BJP led central government for it's move to privatise Public Sector Banks, as announced by the Finance Minister Nirmala Sitharaman in her recent budget speech.

In a first, Ludhiana to vaccinate scribes, staff of banks, judiciary

NEW DELHI: Ludhiana on Monday became the first city in India to extend Covid vaccination to the people beyond the priority group listed by the Centre.

Seven merged banks to see cheque book changes from April 1

NEW DELHI: From April 1, 2021, cheque-books and passbooks of over half a dozen banks which went through a merger will become invalid.

Power Engineers oppose privatization of banks and the power sector

CHANDIGARH: All India Power Engineers Federation (AIPEF) oppose privatisation of banks and the power sector and extends full support to bank employees for their two days strike on March 15 and 16.

Banks To provide loans of Rs 8.25 Crore for self employment to beneficiaries dedicated to 400 year Prakash Purab: Chairman

KAPURTHALA: Mohan Lal Sood , Chairman, Punjab Scheduled Castes, Land Development and Finance Corporation said that to establish self employment for the beneficiaries of Scheduled Castes dedicated to 400 Prakash Purab of Guru Teg Bahadur ji , a subsidy of Rs 1.5 crore has been released for the purpose, with which various banks would provide Rs 8.25 crore loans to the applicants.

Sukhjinder Singh Randhawa encourages cooperative banks to compete at par with private banks

CHANDIGARH: Punjab Cooperation Minister Sukhjinder Singh Randhawa said that to encourage the Cooperative Banks to compete with private banks, their government is going to revamp the Cooperative Banks by introducing new schemes including gold loan and insurance schemes. The minister said that new recruitment will be done to deal with shortages of staff and for starting net banking and other online banking services will also be introduced to include the Cooperative Banks in top banks of the state.

80% Indian corporate banks to leverage Cloud by 2024

NEW DELHI: Nearly 80 per cent of corporate banks in India are forecast to run their trade finance and treasury workloads on Cloud by 2024, said a new IDC report on Friday.

Couple booked for playing fraud with banks

NAKODAR: The Mehat Pur police have booked a couple on the charges of breach of trust and playing fraud with two banks.The investigating officer (IO) Sarabjit Singh said that the accused have been identified as Jasvir Singh a resident of Parjian Kalan village in Shahkot and his wife Malkit Kaur.

India needs more profitable, robust banks: Minister

NEW DELHI: India needs more profitable and robust banks to fully meet the growing demand and privatisation of two state-run lenders is a move in that direction, Minister of State for Finance, Anurag Thakur, told IANS.

WhatsApp Pay now live with 4 top banks in India

NEW DELHI: WhatsApp Pay on Wednesday announced it is now live with State Bank of India, HDFC Bank, ICICI Bank and Axis Bank for its up to 20 million users in India.

Andhra CM asks banks to focus on doubling farmers' income

AMARAVATI: Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Friday asked senior bank employees to focus on doubling farmers' income, reducing investment costs, providing proper market facilities for crops and supporting them at the time of natural disasters.

Staff at state-run banks court 'black badges', work normally on Bharat Bandh

NEW DELHI:Government-run banks are operating normally without major impact of the 'Bharat Bandh' called by farmer organisations.
Bank unions have, however, decided to put on black badges in support of farmers' call of repealing of three farm bills.

Banks need to invest more in IT, tech: RBI Guv on HDFC Bank outage

MUMBAI: A day after the Reserve Bank of India (RBI) asked the HDFC Bank to temporarily stop issuing new credit cards and launching new digital businesses activities, RBI Governor Shaktikanta Das has said that all banks and other financial institutions should invest more on their IT systems and technology to avert such inconvenience for the customers and build trust towards digital payments.

Non-performing loans of Indian banks lowest in 6 years

NEW DELHI:The bad loan scenario in Indian banks has improved as the net non-performing loans (NPL) are at a six-year-low.
According to a report by Kotak Institutional Equities, net NPLs for banks are now closer to FY2014 levels.

Cooperation Minister hands over appointment letters to 110 Field Executives in cooperative banks

CHANDIGARH: The Cooperation Minister  Sukhjinder Singh Randhawa on Tuesday handed over appointment letters at the Markfed Head office to 110 Field Executives of 12 Central Cooperative Banks in order to augument the staff  and strengthen the working of the banks. These field executives have been appointed through outsourcing by PESCO in the cooperative banks.

SC allows trust to operate banks accounts to pay bills, taxes

NEW DELHI: The Supreme Court has permitted the Maharwal Khewaji Trust, which manages the Rs 20,000-crore property of erstwhile princely state of Faridkot, to operate bank accounts to pay salaries to staff and meet expenses on utilities bills and taxes etc.

RBI raises retail exposure threshold for banks to improve credit flow

MUMBAI:The Reserve Bank of India (RBI) has decided to enhance the threshold limit of retail portfolio of banks to Rs 7.5 crore, with a view to improve the credit flow to small businesses.

Offered Rs 14K cr to banks as settlement: Mallya's UB tells SC

NEW DELHI:Fugitive liquor baron Vijay Mallya's United Breweries (Holding) Ltd on Wednesday told the Supreme Court that it had offered over Rs 14,000 crore to various banks to settle its dues and that the company's assets exceeded its total debt.

FinCEN files: Big banks let $2tn 'dirty money' move around world

NEW DELHI: The FinCEN files show that the world's biggest banks have allowed criminals to move "dirty money" around the globe. In total, these reports flagged more than $2 trillion in transactions, according to BuzzFeed News.

New banking bill gives RBI powers to restructure co-op banks

NEW DELHI:The new Banking Regulation (Amendment) Bill, 2020, introduced by the government on the first day of the Parliament's Monsoon Session, provides the Reserve Bank of India (RBI) powers to restructure cooperative banks.

RBI issues norms for banks to appoint Chief Compliance Officers

MUMBAI:The Reserve Bank of India (RBI) on Friday came out with guidelines for banks to appoint Chief Compliance Officers (CCO).

Centre may allow cooperative banks to lend under ECLGS

NEW DELHI:As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.

PM discusses credit growth, risk aversion with banks, NBFCs

NEW DELHI:Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion.

Co-op banks come under RBI as President clears ordinance

Release balance loan amount of Amrapali homebuyers, SC to banks

NEW DELHI:In a relief for embattled homebuyers who are yet to get possession of their houses in the stalled Amrapali Group projects, the Supreme Court on Wednesday directed the banks to release the loans given to the Amrapali homebuyers, which were declared as non-performing assets (NPAs).

Punjab Government shifts 70 employees of Hindu Cooperative Bank in various cooperative banks

CHANDIGARH: The cooperation department of Punjab Government, on Thursday, shifted as many as 70 employees of Hindu Cooperative Bank Pathankot to various bank branches of the department.

Mohali DC allows public dealing in banks from 10 am till 2 pm, with some restrictions

MOHALI: The District Administration has allowed the public dealing in the banks all across the district from 10 am till 2 pm on working days, but with some restrictions.

After Yes Bank crisis, Maharashtra shuns private banks

MUMBAI: Against the backdrop of the Yes Bank crisis, the Maharashtra government has decided to only bank with public sector banks, officials said here on Friday.

After Yes Bank crisis, Maharashtra shuns private banks

MUMBAI:Against the backdrop of the Yes Bank crisis, the Maharashtra government has decided to only bank with public sector banks, officials said here on Friday.

Punjab CM orders thorough probe into Phagwara blood bank lapses,immediate inspection of all blood banks in state

CHANDIGARH:Taking serious note of the shocking neglect that led to infected blood being given to two patients and a mismatch blood transfusion to a teenager at the Blood Bank at the Civil Hospital Phagwara, Punjab Chief Minister on Friday ordered a detailed inquiry into the incident and immediate inspection of all the blood banks in the state.

Act Smartly and Reduce Home Loan EMI Even If Banks Don’t Lower down the Rates

In 2019, the Reserve Bank of India announced consecutive cuts in its repo rates, which ideally should have urged financial institutions to lower their lending rates for home loans and other advances. However, even with a repo rate cut of 50 basis points by the RBI and a consequent reduction in MCLR, many financial institutions have lowered their interest rates by only a small margin. This has led borrowers to seek other ways to reduce their home loan EMI.

Only 17% of banks have deployed digital at scale: Report

BENGALURU:Digital transformation in the banking industry has a long way to go as a new report has revealed that even today only 17 per cent of banks have succeeded in digitally transforming at scale.

Markets open on positive note, PSU banks up

MUMBAI:Indian markets opened higher on Wednesday led by gains in banks and financial sector stocks amid supportive global markets.

12