Banks Seek Relaxation on Project Finance Norms, Major Financial Fraud Uncovered

Banks in India seek relaxations on RBI's project finance draft norms. Nedumparambil Finance owner and family arrested for a financial fraud of Rs 500 crore. Plus, global finance leaders expect AI to unlock deeper, faster audits. Also, Aadhar Housing Finance IPO opens today, should you subscribe to the issue?

Sources:
https://www.ndtvprofit.com/business/banks-seek-relaxation-on-rbis-project-finance-draft-norms
https://www.onmanorama.com/news/kerala/2024/05/08/nedumparambil-finance-owner-family-arrest-nm-raju-financial-fraud-500-crore.html
https://news.bloombergtax.com/financial-accounting/global-finance-leaders-expect-ai-to-unlock-deeper-faster-audits
https://www.businesstoday.in/markets/ipo-corner/story/aadhar-housing-finance-ipo-opens-today-should-you-subscribe-to-the-issue-428713-2024-05-08

Outline:
(00:00:00) Introduction
(00:00:42) Banks Seek Relaxation On RBI's Project Finance Draft Norms
(00:03:01) Global Finance Leaders Expect AI to Unlock Deeper, Faster Audits
(00:05:57) Aadhar Housing Finance IPO opens today: Should you subscribe to the issue?