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The Chinese banks are far less digital than the Indian banks. But the technology enablers who lived there five years ago were probably at a better or higher level than India,” said Kamath

Chinese banks are lagging behind Indian lenders in terms of digitalization, according to veteran banker K V Kamath. Despite being early adopters of digital payments, Chinese banks are still less digital than their Indian counterparts. Kamath believes that India has caught up with China in terms of technology and is now leading the way. He also expressed optimism that the digital economy will contribute significantly to Indias $25 trillion economy.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Africa, many parts of Europe, and South America offer fertile grounds for embracing India’s comprehensive framework of digital infrastructure and services, commonly known as the India stack.

India Business News: MUMBAI: In a boost to core sector financing through infrastructure debt funds (IDFs), the Reserve Bank of India has relaxed several norms for NBFC-IDF.

Recent reports indicate that India’s gross domestic product (GDP) touched US $ 3.75 trillion by FY23 and is well poised to reach the US $ 5 trillion mark by March 2026 if it sustains a...

NaBFID has been mandated with evolving and deepening India’s infrastructure investments pipeline. Will it succeed?

National Highways Infra: To acquire five operational road projects worth Rs 9,000 crore

Going ahead, Rai expect Rs 75,000 crore sanctions in rest of the years.

The bond sale, which had a base size of ₹5,000 crore, received bids worth ₹23,629.50 crore, NaBFID said. SBI Capital Markets was the lead advisor to the issue, while Cyril Amarchand Mangaldas was the legal advisor.