Financial Services & Insurance (BFSI)

Public Sector Banks Prepare Reports On Financial Risks

Public Sector Banks Prepare Reports On Financial Risks

The government directed the state-owned banks to increase vigilance to the predominant financial stress in the west. Finance Minister Nirmala Sitharaman advised the banks to identify the stress points and adverse exposures. The public sector banks are to prepare an explanatory plan on various risks in the market. Moreover, it will extend multiple communication strategies…

India Expected To Witness GDP Growth By Virtue Of AI

India Expected To Witness GDP Growth By Virtue Of AI

According to a report titled “AI Adoption Index” by The National Association of Software and Services Companies (NASSCOM), the Indian economy may witness an addition of $500 Billion By 2025 to its GDP. This addition to the GDP is a result of the adoption of including artificial intelligence in economic functioning.  “The pandemic has made…