Banks ask RBI to allow cloud adoption, list the dos & don'ts
The proposal assumes significance in the wake of data security and other regulations on one hand, and the urgency felt by traditional banks to innovate with fintech firms challenging the conventional operating models and commercial structures.
Merger of HDFC entities to increase M&A prominence among banks: FitchFitch said the combined HDFC entity will have an asset base of USD 340 billion, nearly half the size of the largest bank, State Bank of India, and double its nearest competitor, ICICI Bank.
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