ICICI Bank Eyes Rs 80k Crore Mobile Banking Transactions by March: Chanda Kochhar

As the WEF debates ways to master the fourth industrial revolution, top banker Chanda Kochhar today said financial sector has rapidly adopted the new technology and ICICI bank is targeting total transactions worth Rs 80,000 crore through mobile banking by the end of this fiscal.

Confident of utilising the headroom available to the Indian economy, Finance Minister Arun Jaitley on Thursday said it needs some additional growth engines and the focus now is on reviving private investments.

International Monetary Fund chief Christine Lagarde on Thursday said China should communicate better with its financial market.

Cash won't be around in a decade, the chief executive of one of Europe's biggest banks predicted on Wednesday.

Nearly half of those questioned also expect an artificial intelligence machine to be sitting on a corporate board of directors within the next decade.

Expecting Indian economy to continue to improve, top banker Chanda Kochhar today said India is in a "sweet spot" amid the global economy witnessing a low-growth and low-inflation environment.

The end of ultra-loose monetary policy and the divergence between central banks in the United States and Europe are contributing to recent volatility in financial markets, top bankers at the World Economic Forum in Davos said.

Reserve Bank Governor Raghuram Rajan on Wednesday said that "we are in a world of make believe," and wondered "what exactly are the fundamentals?"

Dozens of makers of medicines and diagnostic tests have joined together in an unprecedented effort to tackle "superbugs" - infections that increasingly don't respond to drugs and threaten millions of people in countries rich and poor.

That's according to the inaugural "Best Countries" ranking from U.S. News & World Report, the University of Pennsylvania's Wharton School and global brand consultants BAV Consulting. The ranking was officially unveiled at the World Economic Forum in Davos, Switzerland, on Wednesday.

RBI Governor Raghuram Rajan on Wednesday sought to allay fears amid the stock market plunge and the rupee nearing its lowest-ever level, saying things will stabilise and people will look at stable emerging markets, including India.

Mr Chambers' bullishness comes in the wake of the government's recent initiative to promote start-ups in the country.

India is among the fastest growing major economies, but it can do much better, Finance Minister Arun Jaitley told NDTV today at the World Economic Forum meet in Davos.

Stating that monetary policies alone could not change the world, Reserve Bank of India Governor Raghuram Rajan on Wednesday said the governments needed to create an underlying framework for growth in the long term for the world economy.

Seeking to allay concerns over volatility in currency and stock markets, Reserve Bank of India Governor Raghuram Rajan on Wednesday said things would stabilise and emphasised that monetary policies alone could not change the world.

With global headwinds hitting emerging markets as well, Finance Minister Arun Jaitley on Wednesday said volatility had become a global norm, but India could certainly grow at 8-9 per cent in a friendlier global climate.

Finance Minister Arun Jaitley dismissed the Congress party's demand that the cap on the Goods and Services Tax (GST) be specified in the Constitutional amendment bill as "preposterous." He was speaking at a discussion organised by NDTV at the World Economic Forum in Davos.

Monetary easing by central banks across the globe has reached its limits and prolonged stimulus raises the risk of distortions in asset prices, Reserve Bank of India Governor Raghuram Rajan said on Wednesday.

In an era of digitization, how can India be a global resource for innovation, growth and talent?

Central banks still have more firepower they can use to counter a slowdown in global growth, which does not change the outlook for recovery in the euro zone, European Economics Commissioner Pierre Moscovici said on Wednesday.