Debadatta Chand, MD&CEO, Bank of Baroda It is very difficult to...
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Govt sets up high-level banking reform panel headed by former CVC Suresh N Patel
Suresh N Patel, former Central Vigilance Commissioner Besides Patel...
AU Small Finance Bank probes potential data leak
The threat actor claimed to have obtained customer and internal...
Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
The findings underscore concerns that increasingly capable AI models lower the technical barriers to sophisticated cyberattacks. This is particularly the case with many Chinese AI models like GLM-5.3 that are open-weight, meaning they are available for users to...
PM inaugurates RBI’s Rs 169-cr data centre, Cybersecurity Training Institute in Odisha
Prime Minister Narendra Modi inaugurating the Reserve Bank of India's Rs 169-crore data centre and Cybersecurity Training Institute in Bhubaneswar on Sunday The data centre will host mission-critical payment and settlement systems, along with other flagship...
Financial Stability and Development Council reviews cyber resilience of Indian financial sector
Nirmala Sitharaman, Union Finance Minister The FSDC discussed reducing cost of intermediation in the financial sector Union Finance Minister Nirmala Sitharaman also urged the regulators and stakeholders concerned to expedite the process of refund of unclaimed assets...
State Bank of India reports cyberattack involving nearly 3,900 customer records
SBI is investigating the breach after a preliminary analysis identified nearly 4,000 records containing customers’ personal information, the bank said in an exchange filing Wednesday. About 375,000 records available on the dark web were analyzed as part of the initial...
Govt reconstitutes FSIB with 6 new bankers and insurers under chairmanship of former IAS officer Subhas Chandra Lal Das
The three experts for insurance companies are- Siddhartha Mohanty,former CEO & MD, Lide Insurance Corporation, Neeja Kapur, former CMD, New India Assurance, T. L. Alamelu, former WTM (Non-Life), IRDAI. New Delhi:The Centre on Friday has reconstituated the...
IDBI Bank employees, pensioners service conditions protected under deal: DIPAM Secretary
"Under the share purchase agreement, the qualified parties have also agreed that the service conditions of existing employees will remain unchanged...Existing employees and existing pensioners should have no apprehensions, as their service conditions have been fully...
All India Insurance Employees’ Association joins UFBU in opposing sale of profitable IDBI Bank to Fairfax
Several major banks have successfully combined their banking operations with insurance businesses through subsidiary arrangements. Instead of exploring such possibilities, the Government has chosen to facilitate the transfer of control of a public sector bank to...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per cent in IDBI Bank Post Fairfax tarnsaction,the Centre will hold 15 per cent while LIC will have a stake of 19 per cent. The government has also authorised the sale of the government's remaining 15 per...
Over 54% of urban households say economic conditions worsened, finds RBI survey
"The consumer sentiments are optimistic on income and spending amid some concerns regarding economic situation, employment and prices going forward," New Delhi: More than 54 per cent of urban households feel that economic conditions have worsened over the past year,...
South Korean banks were likely hacked by a China-based actor with an AI agent, CrowdStrike says
Adam Meyers, senior vice president of counter adversary operations at CrowdStrike, told reporters on a call on Thursday that this was an example of a human adversary leveraging AI agents to conduct widespread attacks. The suspect behind recent cyberattacks at South...