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Who can tap the Aadhaar database? India’s private firms are still guessing

Who can tap the Aadhaar database? India’s private firms are still guessing

A government fiat had specifically mentioned banks and telcos.
Why opening new branches is no longer a priority for Indian banks

Why opening new branches is no longer a priority for Indian banks

For now, the focus is on trimming bad loans and going digital.
India’s banks may still be unprepared for another PNB-like mega scam

India’s banks may still be unprepared for another PNB-like mega scam

The technology-based vulnerabilities remain unpatched.
Walmart is looking at taking PhonePe’s model to other nations

Walmart is looking at taking PhonePe’s model to other nations

This is despite the fact that the world's largest retailer operates its own payments arm.
Pakistan aside, the Modi government faces a battle on the economic front too
India’s central bank finally toes the line, pays $4 billion advance to government

India’s central bank finally toes the line, pays $4 billion advance to government

The money will help the government fund its pre-poll sops.
A year on, India is still reeling from its biggest bank fraud while the perpetrators are at large
Indian consumers are feeling optimistic, but nobody knows why

Indian consumers are feeling optimistic, but nobody knows why

Consumer confidence was at a two-year high in December.
Five key takeaways from India’s new central banker’s maiden policy review

Five key takeaways from India’s new central banker’s maiden policy review

With a rate cut and a change in stance, Shaktikanta Das has managed to woo industries and investors in his maiden monetary policy announcement as…
Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

As if the bad loan crisis at Indian banks wasn’t alarming enough, there is a ticking time bomb that can spark another crisis for the…
Why are Indian investors shying away from mutual funds?

Why are Indian investors shying away from mutual funds?

After a heady run, India’s mutual fund (MF) industry seems to have lost some steam. The assets under management (AUMs) of all MFs in India…
The Indian government is worried that cryptocurrencies may destabilise the rupee

The Indian government is worried that cryptocurrencies may destabilise the rupee

From money laundering to terror financing, the risks associated with cryptocurrencies are well known. But a high-level panel tasked with drafting rules for India’s virtual…
What students of IIT, IIM, and ISB thought of Piyush Goyal’s 2019 budget

What students of IIT, IIM, and ISB thought of Piyush Goyal’s 2019 budget

The Narendra Modi government’s interim budget presented yesterday (Feb. 01) was a populist dream. Coming weeks ahead of India’s general elections, interim finance minister Piyush…
There’s a way for the Modi government to help farmers without blowing its budget

There’s a way for the Modi government to help farmers without blowing its budget

The German statesman Otto von Bismarck once described politics as “the art of the possible.” On Feb. 01, India’s central government is likely to pursue…
Chanda Kochhar alone isn’t responsible for the ICICI Bank mess

Chanda Kochhar alone isn’t responsible for the ICICI Bank mess

A high-level independent probe has established that Chanda Kochhar, former chief of ICICI Bank, was guilty of violating the code of conduct at India’s second-biggest…
Why India should not treat cryptocurrencies like Ola and Uber

Why India should not treat cryptocurrencies like Ola and Uber

An international legal firm has sought to allay the Indian government’s fear of cryptocurrencies. As with any emerging technology, their potential benefits will eventually outweigh…
One of India’s most celebrated woman bankers is booked in a $242 million fraud case

One of India’s most celebrated woman bankers is booked in a $242 million fraud case

The nepotism scandal at India’s ICICI Bank, which brought to pass the downfall of its celebrated former chieftain Chanda Kochhar, just got murkier. Not only…