India now accounts for 63% of the fleet size of airlines in south Asia but its order constitutes 94% of the region.
Jet Airways has introduced first class and business class on short-haul international routes, which were earlier all-economy flights.
Raman Ramachandran, CMD, BASF India, also emphasized on the importance of sustainability as a part of the industry’s mid and long term goals.
The project, which is in a pilot phase and is yet to be rolled out, will be tested in one of its branches in the coming weeks.
In a bid to raise productivity and increase efficiency, the bank said that the software robots have reduced the response time to customers by upto 60%.
UPI is a payments platform that was recently launched by the Reserve Bank of India backed National Payments Corporation of India.
Interestingly , banks are using the ATM machine --a touch point that attracts all kinds of customers throughout the day -to push their financial products.
Banks are using big data analysis capturing facts such as the customer’s work profile, income, personal details, payment capacities to decide on his credit worthiness.
All cannot be done by the RBI, even the government needs to perform: Bank of Baroda chief PS Jayakumar
He says that the government should also share the burden by sticking to commitments on payments and clearing litigation issues.
While Nandan Nilekani feels that it is the Whatsapp moment for the Indian banking industry Bhattacharya said that it will take another two years for banks to lend seamlessly on the basis of data analytics.
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