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Are Indian banks ready for analytics?

Thursday, April 28, 2016 | More »

When I started my career in banking in the 1980’s, banking was often referred to as the 3-6-3 business in the US, as bankers would borrow funds at 3% from the depositor, lend the money at 6% and were off to the golf course by 3 o’clock. Today, technology has revolutionised banking, enabling cust...

Foreign Airlines In India Can’t Settle Transactions Abroad, Says RBI

Foreign airlines operating in the country must stop their practice of using overseas banks to settle transactions in Indian Rupees (INR) from online tickets sales in India, an RBI circular has mandated. Those airlines must return to India any surplus collected from such ticket sales and they have to...

11 April, 2011 | More »