New Delhi, Feb 10 (IANS) Union Home Minister Amit Shah said on Tuesday that cybercrime is a major threat to the world and added that he will be addressing a national conference on tackling cyber-enabled fraud and dismantling the ecosystem. The conference is being organised by the Central Bureau of Investigation (CBI) with the aim of bolstering India’s cybercrime combat prowess.Taking to the social media platform X, the Home Minister said, “Cybercrime is a major threat to the world today. Our…
Latest Financial Institutions News & Updates
Washington, Feb 6 (IANS) Artificial intelligence has emerged as a priority risk for the US financial system, with Treasury Secretary Scott Bessent telling Congress that regulators are stepping up oversight of how AI is used across markets and institutions.Testifying before the Senate Banking Committee, Bessent said AI is one of four focus areas in the Financial Stability Oversight Council’s 2025 annual report. “The council is prioritizing the responsible use of artificial intelligence to str…
Washington, Feb 5 (IANS) Artificial intelligence is becoming a new focus for US financial regulators. Treasury Secretary Scott Bessent told Congress that AI can strengthen markets, but it also poses risks that require close monitoring.Bessent was testifying before the House Financial Services Committee on the Financial Stability Oversight Council’s 2025 annual report. He said AI is now one of the four top priorities for protecting the financial system. The others are Treasury markets, cybersec…
Chandigarh, Jan 30 (IANS) In a major reform aimed at removing long-standing administrative bottlenecks in agricultural lending, the Haryana government is set to launch a transparent and technology-driven rural credit system that will free farmers from the routine of running between banks and revenue offices for loan-related documentation, said state Financial Commissioner (Revenue) Sumita Misra on Friday. The government will soon sign a memorandum of understanding with the Reserve Bank of India …
Ghaziabad, Jan 29 (IANS) The Enforcement Directorate (ED) filed a supplementary charge sheet before a Special Court in Ghaziabad against a builder accused of diverting Rs 126 crore collected from home buyers for a project in Sector-119 in Noida, an official said on Thursday. The ED’s Lucknow Zonal office filed the supplementary charge sheet under Section 44 and 45 read with Section 3, 4 and 70 of the Prevention of Money Laundering Act (PMLA), 2002, against Unnati Fortune Holdings Limited (UFHL) …
New Delhi, Jan 21 (IANS) Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Wednesday said that recent legislative, regulatory, and policy reforms mark a landmark and progressive transformation of India’s upstream sector.He underscored that these reforms, coupled with data-led exploration initiatives, have unlocked extensive investment opportunities, particularly in India’s offshore and frontier areas.The minister, in his virtual address during the upstream-focused engagements in…
New Delhi, Dec 28 (IANS) The Finance Ministry has directed public sector banks and financial institutions, such as insurance companies, to promptly report vigilance-related matters concerning whole-time Directors on their boards.The directive from the Finance Ministry’s Department of Financial Services (DFS) states that omission of any significant information relevant for decisions relating to appointments, promotions, board-level postings, and placement of whole-time Directors is a matter of …