The ECB is moving faster than other central banks in treating the...
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FM to meet heads of public sector banks on June 27 for annual review
Comprehensive review of various segments and progress in government...
FM asks financial sector regulators to standardise KYC, refund of unclaimed assets to rightful owners
Lto R--Ajay Seth, Finance secretary, Sanjay Malhotra, Governor,...
6 Lakh HDFC Bank customers’ personal data breached, bank denies
Data allegedly includes full names, email addresses, physical addresses, and sensitive financial data, the report mentioned. The criminals provided data samples while demanding money for the full database. HDFC Bank Cares Twitter handle on Tuesday posted that "there...
MFI portfolio jumps 26 pc in December quarter: Report
The micro credit portfolio for all the lenders combined together stood at Rs 2.56 lakh crore in the year-ago period, and Rs 3.04 lakh crore at the end of the preceding September quarter, according to data collected by Sa-Dhan, an association of impact finance...
Banks, financial institutions should safeguard banking security: RBI
The banks should continuously evaluate the threat profile of their critical information assets, conduct tests for vulnerabilities and ensure their resilience to cybersecurity risks, he added. Mumbai: In view of the cybersecurity risk posed to the banking sector,...
No deviation in inviting ‘challenge mechanism’, RCap lender to NCLAT
The Mumbai bench of NCLT on February 2, ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded New Delhi: Lenders of Reliance Capital on Friday...
RBI hikes rates 25 bps as expected, hints more could come
Shaktikanta Das,governor,RBI RBI projects India's GDP growth at 6.4 per cent for 2023-24 Average retail inflation in India is projected to be at 5.3 during the next financial year "The global economic outlook does not look as grim now as it did a few months ago....
Banks’ exposure to Adani group “insufficient”, face limited risk: Fitch
''Fitch Ratings believes that Indian banks' exposure to the Adani group is insufficient in itself to present a substantial risk to the banks' standalone credit profiles,'' the rating agency said in a note. New Delhi: Indian banks' exposure to Adani group is...
47.8 cr Jan Dhan accounts opened: FM
Pradhan Mantri Jan Dhan Yojana (PMJDY) is the national mission for financial inclusion to ensure access to financial services -- savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. New Delhi: As many as 47.8 crore Jan Dhan...
FSIB recommends names of CEOs for BOB and BoI
Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended elevation of Executive Director (ED) Debadatta Chand as managing director of Bank of Baroda Bureau recommended Union...
Banks allowed to use face recognition, iris scan for transactions: Reports
The verification is not mandatory and is intended for cases where another government identification card used for tax purposes, the Permanent Account Number (PAN) card, is not shared with banks. New Delhi: The Indian government is allowing banks to verify individual...
Axis Bank revises pact with Max Fin, to buy more 7% stake in Max life
The revision, the stock exchange filing said, has been done consequent to the guidance received by Max Life from insurance regulator IRDAI.Discounted cash flow refers to the estimated value of an investment based on future cash flows Mumbai: Axis Bank on Tuesday said...