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State-run banks in India are considering the establishment of a common blockchain platform to issue letters of credit and facilitate multi-party underwriting for their corporate clients. The platform would allow lenders to make faster decisions and provide a more efficient and secure solution for stakeholders and auditors.
Mumbai - The National Bank for Agriculture and Rural Development (NABARD) organised a month-long hackathon to stimulate young minds to develop innovative solutions for financial inclusion in rural areas. The key objective of the hackathon was to crea
Digital technology and data are all-pervasive in modern banking operations. However, while they are elevating efficiency and experience, they are also increasing security risks. Not surprisingly, nearly three-fourths of banking industry Chief Risk Officers rate cybersecurity risk among their top risk priorities for this year.
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Most stock markets in the Gulf ended higher on Tuesday on bets for an imminent end to U.S. interest rate hikes, although the Saudi index eased on volatile energy prices.
India Business News: Mumbai: The Axis Bank board, at its meeting held today, appointed N.