May 18, 2024
Banking

AI keyword usage has risen sizeably in banks: Patra – Digital Transformation News

Almost three-fourths of banks and several non-banking financial companies (NBFCs) have developed chatbots and virtual assistants, said Michael Patra, deputy governor, RBI. Delivering a keynote address at the SAARC Finance seminar, he said the usage of artificial intelligence (AI) related keywords in Indian banks has increased sizeably.“A survey conducted by the RBI at June-end 2023

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Loans

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr

Indostar, which is backed by private equity investor Brookfield, said the sale of the SME loan portfolio comprised several stressed accounts resolved on December 30, 2023 through sale under the Swiss Challenge method. The method involves an interested party presenting a bid to the auctioneer who then calls for counter bids. Click here to follow

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