The FinTech Hub
Source: Live Mint A few years ago, a junior employee at a major Indian bank spent hours navigating outdated policy manuals just to respond to a client query. Today, that same task takes less than 30 seconds to complete. All thanks to an artificial intelligence (AI) powered chatbot. What once demanded tedious manual effort, multiple…
Source: Live Mint New Delhi [India], : Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research. The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness…
Source: Live Mint If the events of the last few weeks have shown us anything, it is that the real estate guys were right—it really boils down to location, location, location. India may be blessed with numerous natural advantages, but in one aspect, at least, it has been dealt with a particularly harsh hand—its neighbourhood….
Source: Live Mint SBI Dividend: India’s largest public sector bank, the State Bank of India, on Saturday, May 3, 2025, announced a dividend issue for its financial year ended 2024-25, according to an exchange filing. The institutional lender declared a ₹15.90 per equity share with the face value of Re 1 apiece. Also Read |…
Source: Live Mint Expert view: Amit Jain, the co-founder of Ashika Global Family Office Services, believes short-lived rallies will continue to be followed by quick corrections in the Indian stock market until there’s more clarity on global trade and interest rate directions. In an interview with Mint, Jain said banking, infrastructure, FMCG, and healthcare appear…
Source: Live Mint In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most…
Source: Live Mint Imagine opening a bank account or applying for a loan from the comfort of your home—no branch visits, no paperwork, just a quick video call. That’s the power of Video KYC (VKYC), a game-changer in India’s banking sector since its launch in 2020. What started as a pilot project quickly became the…
Source: Live Mint Artificial intelligence (AI) became a household topic of discussion after the launch of ChatGPT, the GenAI tool that could make content by adding a prompt, in November 2022. The Mint AI Summit 2025 held in Bengaluru had experts across sectors including banking, manufacturing, and even gaming, give their insights into AI adoption….
Source: Live Mint Private lending major HDFC Bank has increased its Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight tenure by 5 bps from 9.15 per cent to 9.20 per cent. This is effective from February 7, 2025, according to the bank’s website. Rates for all other tenures are unchanged. Overall, HDFC Bank’s…
Source: Live Mint The Reserve Bank of India (RBI) is planning to raise the maximum fees that banks can charge customers for exceeding the “free five transactions” limit and the ATM interchange fees, reported the Hindu BusinessLine news portal, citing people aware of the development on Tuesday, February 4. This increase in charges will mean…
