ToneTag unveils AI banking assistant for millions of small merchants
ToneTag has launched eKosha, an AI-powered voice assistant for merchants. It turns payment devices (POS machines) into banking service points, so banks can offer services without installing new infrastructure. Merchants can talk to the device in their own language to access: Banking services Loans Government schemes Business insights Banks can also sell more financial products […]
HDFC Bank vs Yes Bank vs Kotak Bank vs IndusInd Bank – Which banking stock to buy after Q1 business update?
Last week, banks like HDFC Bank, Yes Bank, Kotak Mahindra Bank, and IndusInd Bank shared their business performance for the April–June 2026 quarter. HDFC Bank and Axis Bank shares rose by up to 2.5% on Monday because investors liked their business performance.Kotak Mahindra Bank shares fell by up to 3.5%, as investors were less positive […]
Where should you buy a home? Crisil maps India’s emerging housing hotspots
Demand for homes in Tier-2 cities has been growing quickly over the last five years. However, higher house prices and affordability issues mean buyers now need to be more careful about where and what they buy Housing demand in Tier-2 cities grew 14% annually over the last five years. Nagpur, Coimbatore, and Lucknow grew even […]
Indian banks curb short-term debt sales as RBI aids cheaper forex funding
Indian banks are borrowing less money through short-term loans called Certificates of Deposit (CDs) because they now have a cheaper and longer-lasting way to get funds. Recently, the Reserve Bank of India (RBI) encouraged banks to attract more foreign-currency deposits (money deposited in banks in currencies like US dollars). This has given banks an easier […]
Kotak Bank’s CEO will leave behind a solid lender, but stock performance yet to show
Kotak Mahindra Bank’s CEO, Ashok Vaswani, has decided not to continue in his role after this year, so the bank may need to find a new leader. He has worked in banking for 35 years, and during his time at the bank, many important changes happened. However, the bank’s profits have been falling in recent […]
Rupee opens 5 paise stronger at 94.35 against dollar after US, Iran agree to halt strikes
The rupee started the day slightly stronger (up by five paise) on June 29. It ignored the recent tension between the US and Iran because oil prices stayed steady. Meanwhile, traders did not take big actions and waited for upcoming talks between the two countries to keep the situation under control. moneycontrol https://www.moneycontrol.com/news/business/markets/rupee-opens-5-paise-stronger-at-94-35-against-dollar-after-us-iran-agree-to-halt-strikes-13960818.html
RBI expands credit derivatives market with launch of credit index derivatives an ..
The Reserve Bank of India has introduced a new financial tool called Credit Index Derivatives to strengthen India’s financial market. These instruments allow banks and investors to manage risk better by protecting themselves from losses if borrowers fail to repay loans. Instead of focusing on one loan, this new system is based on a group […]
Housing sales down 6% in Apr-Jun in top 7 cities, avg price up 7%: Anarock
Last year, a total of 96,285 houses were sold.These sales happened in India’s top 7 big cities.The cities include Mumbai, Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai, and Kolkata.These cities are the biggest real estate markets in the country.So, overall housing demand was strong in these major cities. business-standard https://www.business-standard.com/industry/news/housing-sales-down-6-in-apr-jun-in-top-7-cities-avg-price-up-7-anarock-126062900321_1.html
RBI’s AI risk framework to strengthen governance, oversight of AI models
RBI is planning new rules to manage risks from AI and machine learning in banks, so that these technologies are used safely and properly. Banks will have to create a clear system (MRMF) to manage risks of all models, including AI models, and get it approved by their board. The bank’s board will regularly review […]
HDFC Bank may pick new chairman before deciding on CEO extension
HDFC Bank has been cleared of allegations made by its former chairman, so now it is focusing on appointing a new permanent chairman first. After that, the bank’s board will decide whether to extend the term of its CEO Sashidhar Jagdishan, whose current term ends in October. The new chairman may be appointed in the […]