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SBI chairman says rapid rise of AI-driven lending brings new vulnerabilities for banks
SBI Chairman CS Setty highlighted the dual nature of digital finance growth, noting both opportunities and vulnerabilities like cyber risks and algorithmic biases. He stressed that trust must be the foundation of India's expanding financial system, emphasizing that innovation should not compromise safety or inclusion.
SBI chief flags risks in rapid growth in digital finance, stresses trust-based innovation
State Bank of India Chairman C S Setty highlighted emerging risks in digital finance and platform lending. He stressed that financial systems must prioritize trust and strengthen governance. India needs significant capital mobilization for its development goals. Banks alone cannot meet these needs, requiring deeper bond markets and broader investor participation. Innovation must balance speed with safety and inclusion.
975% return in six months! Multibagger stock hits upper circuit despite stock market crash
On May 11, Magnus Steel & Infra shares reached ₹193, driven by its new role as a steel supplier for Tata Motors. With ongoing orders worth ₹32.50 crore, the company aims to strengthen revenue visibility following a strong financial performance in FY26.
Zerodha's Nikhil Kamath suggests exploring gold-based stablecoins for India
Zerodha co-founder Nikhil Kamath questioned the long-term suitability of dollar-backed stablecoins for India and proposed exploring a gold-linked stablecoin. He said such a model could monetise idle household gold holdings while reducing dependence on dollar-dominated digital financial systems and supporting India’s strategic interests.
Mainstreet Credit Union adopts Intellect's eMACH.ai Digital Engagement Platform
Intellect Design Arena is helping to transform the digital banking experience for Mainstreet Credit Union. By implementing Intellect's eMACH.ai Digital Engagement Platform (DEP), Mainstreet is evolving its member experience to provide tailored financial guidance that anticipates and meets the unique needs of its 25,300+ members across Southwestern Ontario. Mainstreet's adoption of eMACH.ai DEP and its specialized modules, Retail and Small Business Onboarding and Personal Financial Management (PFM), addresses the friction often found in legacy platforms. The platform will be available to Mainstreet as a multi-tenant SaaS solution, providing high security and automatic updates while allowing the credit union to scale its community-focused mission with digital ease.
Five reasons why Affle 3i shares have seen the biggest single day gain in four years
Affle 3i's CPCU business saw 12 crore converted users in the fourth quarter, taking the total converted users for the full financial year to 45.6 crore.
Oracle Financial Services Software Ltd down for fifth straight session
Oracle Financial Services Software Ltd is quoting at Rs 9277.5, down 0.73% on the day as on 13:19 IST on the NSE. The stock jumped 6.47% in last one year as compared to a 3.97% slide in NIFTY and a 22.99% fall in the Nifty IT index.
Market Trading Guide: Buy Coforge and NBCC on Monday for near-term gains of up to 7%
The Nifty ended sharply lower amid escalating US-Iran tensions, rupee weakness and heavy selling in financial stocks, slipping below the 50-day EMA and signalling renewed weakness. Analysts expect further downside if the index remains below 24,200, while Coforge and NBCC (India) are seen as attractive short-term trading opportunities.
Zerodha’s Nithin Kamath flags ULIP, endowment traps; says health policies remain complex
Nithin Kamath highlights persistent personal finance blunders by Indians, particularly the continued uptake of ULIPs and endowment plans despite ample information. He notes a lack of innovation in these financial missteps, where insurance and investments are wrongly combined. While health insurance faces complexities, Kamath argues these bundled products are easier to scrutinize, making poor choices harder to excuse.
DRC Systems India Limited Schedules Board Meeting on May 18, 2026 to Approve FY26 Audited Financial Results - scanx.trade
DRC Systems India Limited Schedules Board Meeting on May 18, 2026 to Approve FY26 Audited Financial Resultsscanx.trade
Air India To Cut Costs, Reduce Flights As War Worsens Financial Struggles
The turmoil also comes as the Tata Group-owned airline is looking for a new chief executive officer to replace Campbell Wilson, who resigned in April.
Coforge shares surge 6%, rally 16% in three days post Q4 results. What's ahead for investors?
Coforge shares saw a significant jump following robust Q4 financial results. The company reported a substantial surge in net profit and revenue. Analysts are optimistic, with several brokerages issuing 'Buy' recommendations. Strong deal wins and an expanding order book fuel confidence for future growth. The acquisition of Encora is also expected to boost revenue.