LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE

HIGHLIGHTS

• Public sector banks are planning to build and share digital infrastructure.
• Not just software, banks are likely to share the hardware used for setting up the back office and servers.

In response to the rapid digital adopti...

GOVT PLANNING TO BRING DOWN THE NUMBER OF PSU BANKS TO FIVE: REPORT

According to the banking and government sources, the Central Government is planning to privatise over half of its banks owned by state as part of an overhaul of the banking industry. As per a government official, the first part of the plan would be to sell majority stakes in Central Bank of India...