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...
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...
RBI backs IRDAI on distribution reforms
“It is primarily, I think, to consumer interest, to reduce costs and also at the same time to prevent mis-selling,” said RBI Governor Sanjay Malhotra . Mumbai: RBI Governor Sanjay Malhotra has insurance regulator IRDAI's proposed distribution reforms, saying the...
AI asset valuations pose global risk, but cyber threat biggest concern for central banks: RBI Governor
``I think for us as central bankers, the most significant of these is cyber risks.The growing use of information technology across financial systems and the increasing interconnection between financial institutions were adding a new dimension to cyber risks from...
RBI may hike interest rate further in December policy: Experts
The inflation prints are expected to harden moving forward, on account of a combination of factors such as the poor monsoon, rising commodity prices and an unfavourable base effect, setting the stage for another rate hike in December as of now, ICRA Chief Economist...
RBI hikes repo rate by 25 bps to 5.5 pc; changes stance to ‘calibrated tightening’
Sanjay Malhotra,Governor, Reserve Bank of India The RBI raised the country's real GDP growth projection for the current financial year 2026-27 by 40 basis points to 7.1 per cent, citing the strength of economic activity despite global headwinds.It expects inflation at...
Govt directs banks to increase awareness of claim eligibility in Jansuraksha insurance schemes
Sanjay Lohiya,secretary, Department of Financial Services , also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and...
Finmin to meet heads of banks on Tuesday to review progress of financial inclusion scheme
Sanjay Lohiya,Financial Services Secretary The meeting, to be chaired by the secretary, would also discuss and review the progress of various financial inclusion schemes, including PM Mudra Yojana aimed at providing funds to unfunded New Delhi: The finance ministry...