Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor...
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Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report
C S Setty, chairman, State Bank of India, said, “India’s Digital...
IDBI stake sale likely to be completed this fiscal: DIPAM secy
"LIC's market value is around Rs 6 lakh crore. So, keeping in mind...
FDIC, US Fed discuss fund to backstop deposits if more banks fail
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be...
ECB to test banks for cyber resilience
The ECB has long been warning banks to be alert for cyberattacks from Russia after the European Union passed a long series of sanctions against Moscow over its invasion of Ukraine. “There has been a significant increase in cyberattacks,” Enria said. “We cannot...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
Based in Santa Clara, the lender was ranked as the 16th biggest in the U.S. at the end of last year, with about $209 billion in assets. Specifics of the tech-focused bank's abrupt collapse were a jumble, but the Fed's aggressive interest rate hikes in the last year,...
Silicon Valley Bank Crisis: What could happen next?
The worst-case scenario for any bank is that it ends up with too little cash to operate or suffers enough losses to erode its capital, prompting regulators to sell the bank to a stronger rival or wind it down. But SVB's stock sale should help to prevent that. Time...
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....