Can banking be as easy as ordering food online? AI and blockchain may soon make it a reality
Advancements in artificial intelligence and data analytics would make it possible assess a person's creditworthiness without human intervention and the back-end of banks that decide on whom to dish out loans would be done by algorithms rather than human beings..
RBI imposes Rs 1 cr penalty on Cooperatieve Rabobank U.A.The penalty has been imposed for contravention of certain provisions of the Banking Regulation Act, 1949 and directions related to 'transfer to reserve funds'.
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