State-run banks in India are set to revamp their processes by creating a risk-based profitability measurement framework, which will involve more detailed scrutiny of securities pledged by high-value borrowers. The move is part of a proposed strategic roadmap until FY26 being developed in discussions between public sector banks (PSBs) and the government.
New senior citizens policy in the works after 25 years
India is developing a new senior citizen policy and amending the Maintenance and Welfare of Parents and Senior Citizens Act 2007 to address the needs