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Financial system remains stable despite weakening domestic growth: RBI

by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Risk Management

  Mumbai: Financial system remains stable despite weakening domestic growth: RBIThe Reserve Bank on Friday said the country's financial system remains despite slowing economic growth.   The country's GDP slowed to a six-year low of 4.5 per cent in...

To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan

by AIP Online Bureau | Dec 27, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Non-Life, Risk Management, Technology

New Delhi: From January, SBI customers will be able to make ATM withdrawal above Rs 10,000 only after an OTP verification during 8 PM to 8 AM.   The OTP-validated ATM transaction has been introduced to minimise the number of unauthorised transactions, State Bank...

Battered by slowdown, auto industry pins hopes on 2020 for turnaround

by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: Battered by an unprecedented slowdown, the Indian auto industry is desperately pinning hopes on the next financial year for a turnaround, banking on a host of new and upgraded models slated to make their way to the market.   The industry's...

600,000 pensioners to gain as EPFO’s commutation come into play on Jan 1

by AIP Online Bureau | Dec 27, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security

New Delhi: The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020, a move which will benefit 630,000 pensioners, a source...

Hackers target companies,posing as CEOs and other C-level Executives

by AIP Online Bureau | Dec 27, 2019 | Articles, Eco/Invest/Demography, Non-Life

  In 2017, online digital publications announced the latest threat to consumer safety: hackers using vulnerabilities inside WhatsApp to spread malicious code via files sent using the app. In March 2019, a security researcher announced that a bug in Facebook...
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