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“The reason why we think that was happening is because of the unprecedented wealth that was generated post COVID, especially by the retail investors,” says Jigar Mistry, Buoyant Capital.The screen across is definitely red and we can debate about the factors that are in play for the Indian benchmark indices, maybe it is valuations, maybe…
“Overall Nifty earnings should stabilise going forward. So, we are of the opinion that Nifty 50 index if I look at the valuation is currently near to 10-year average level and hence I feel that we might see more consolidation at this level, but major downside is now over,” says Jitendra Gohil, Kotak Alternate Asset…
MUMBAI: RBI has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and prevent frauds.All banks that are direct members or…
MUMBAI: RBI has formed a panel to guide ethical AI adoption in the financial sector. The committee on Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) will be chaired by Pushpak Bhattacharyya of IIT Bombay.Others in the panel include experts from academia, industry, govt, and regulatory bodies. Its mandate includes assessing AI adoption…
ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of India has now partly reversed its January 2012 directive that had mandated disabling of cash retraction in ATMs. The original decision was taken to prevent fraudulent activities at ATMs.ATMs are equipped with…
