Banking

RBI Appoints Advisory Committee to Support Administrator of Aviom India Housing Finance

/

The three-member Advisory Committee, constituted under Section 45-IE (5) (a) of the RBI Act, 1934, will aid the Administrator in carrying out his responsibilities. The members of the committee include Paritosh Tripathi, former Chief General Manager of State Bank of India, Rajneesh Sharma, former Chief General Manager of Bank of Baroda, and Sanjaya Gupta, former Managing Director and CEO of PNB Housing Finance Limited.

Budget 2025

What is Economic Survey before the Budget and why does it matter?

/

In addition to data-driven assessments, the survey often provides policy recommendations aimed at improving economic efficiency and fostering growth. Over the years, it has adopted thematic approaches, focusing on topics such as behavioral economics, digital transformation, or climate resilience to frame discussions on policy and reform.

Banking

RBI Files Insolvency Petition Against Aviom India Housing Finance

/

Following the filing of the application, an interim moratorium has come into effect as per the provisions of the IBC. This prevents the institution or continuation of legal proceedings against the company, prohibits the transfer or disposal of assets, and restricts enforcement of security interests until the tribunal either admits or rejects the petition. However, the supply of essential goods and services to the company will remain uninterrupted during this period.

98e03567
AI

India’s Bold AI Push: A step towards digital sovereignty and global leadership

/

At the heart of this effort is the India AI Compute Facility, a state-of-the-art infrastructure that has surpassed initial expectations, securing nearly 19,000 GPUs. This massive computational resource, including some of the most advanced AI chips like Nvidia H100 and H200 GPUs, will play a crucial role in developing a Large Language Model (LLM) tailored to India’s unique needs. This approach ensures that India isn’t merely playing catch-up with the global AI race but is actively shaping the future of generative AI with solutions that are culturally and linguistically diverse.

Stockton Stone
Media

The slow death of Independent Journalism in India

/

A veteran journalist had to resign from an international publication in 2017 after the publication faced legal pressure from a prominent corporate group over an investigative report. The mere threat of defamation cases and the potential withdrawal of advertisements were enough for the publisher to distance itself from the journalist’s work

Banking, Budget 2025

AIBEA urges Government to strengthen PSBs ahead of Budget 2025

/

AIBEA reiterated its opposition to the privatization of public sector banks, particularly calling for the government to retain a minimum 51% stake in IDBI Bank. The letter also urged Bank of Baroda to merge its subsidiary, Nainital Bank, rather than selling it. Additionally, the association raised concerns about aggressive cross-selling of insurance products by banks, calling for a renewed focus on core banking services.

Scroll to Top