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Policy● Neutral for Indian equities
Finance Ministry seeks banks' inputs on AI tools for loan collection, assesses adoption
The brief
- The Finance Ministry has sought banks' feedback on AI-driven loan collection tools
- The review covers adoption and customer-protection practices
- Scrutiny of collection practices may affect Indian banks and digital lenders using AI
- NSE MD says no govt talks on new UPI MDR
- Finance Ministry to talk to IBA to ensure MDR is not passed on to consumers
- Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concerns