A comprehensive information technology (IT) outsourcing framework for all Reserve Bank of India (RBI)-regulated entities may be on the cards and aligned with the new privacy Bill.
In a related move, the first baby steps are also said to be underway to set up community Cloud architecture - Indian Banking Community Cloud (IBCC) - for state-run banks. This could either be through an alliance of state-run banks or under the aegis of the National Payments Corporation of India or the Institute for Development and Research in Banking Technology. The possibility of a new umbrella entity with state-run banks as equity holders cannot be ruled out.
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Bandhan Bank Q4 profit falls 94% to â¹54.6 crore
Bandhan Bank on Friday reported a 93.24 per cent drop in its net profit to â¹54.6 crore in the March quarter (Q4FY24) compared to a profit of â¹808.3 crore in the corresponding quarter of the previous financial year.
UN ups India's CY24 growth forecast
The United Nations (UN) has revised upwards India's growth forecast for 2024 by 70 basis points to 6.9 per cent, from 6.2 per cent estimated in January this year, driven by robust public investment and resilient private consumption.
RBI flags concerns over functioning of debt recast firms
Meeting with ARCS part of supervisory engagements
Adani Ports & SEZ shares stable after Norges Bank exit
A day after Norway's Norges Bank decided to sell its shares in Adani Ports & Special Economic Zone, the company's shares closed stable at â¹1,336 a share on Friday.
Trent, Bharat Electronics in Nifty 50 contention
Tata group retailer Trent and state-owned Bharat Electronics Ltd (BEL) are seen as likely contenders to the benchmark Nifty 50 index during the next rebalancing exercise in September.
M&M stock races ahead on strong Q4 results, healthy outlook
Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably.
Silver outpaces gold as buying gains momentum
Gold's record-setting rally may have captured the headlines this year, but it's silver that's running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.
Go Digit IPO booked 9.6x on last day, QIBS bet big
The â¹2,615 crore initial public offering (IPO) of the Fairfaxbacked Go Digit General Insurance closed on Friday, with the issue getting subscribed over 9.6 times.
Bajaj MF adds to variety in multi-asset space
Takes the dividend yield route to stand out in emerging hybrid category
Heavyweights lift Sensex, Nifty
Equity benchmarks Sensex and Nifty closed higher for a second straight day on Friday as buying in index majors M&M, Reliance Industries, and ITC helped the indices rebound from early lows.