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Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) on Thursday announced the issuance of the Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023. Business News | RBI Issues New Prudential Regulations for All India Financial Institutions.

Ukraine-Canada News Live Updates: Ukrainian President Volodymyr Zelensky arrived in Canada Thursday night from the United States on an unannounced visit to rally support for his country as it fights the Russian invasion. Prime Minister Justin Trudeau greeted Zelensky as he stepped off his plane in Ottawa, as seen on Canadian TV, traveling from Washington for his first visit here since the war started in February 2022.

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 India's $25 trillion economy.

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