by AIP Online Bureau | Feb 28, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
The rates are better even from other angles, too, as one-year post office deposit fetches a low 6.6 per cent and 6.8 per cent for two years, while the 10-year government securities yield just 7.35 per cent Mumbai: As banks’ chase for customers to collect cheap...
by AIP Online Bureau | Feb 20, 2023 | Banking & Bancassurance, Technology
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,...
by AIP Online Bureau | Feb 7, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
”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...
by AIP Online Bureau | Jan 14, 2023 | Banking & Bancassurance, Indian News, Technology
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...
by AIP Online Bureau | Dec 27, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
‘Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk,” the RBI said in its trends and progress in banking report for FY22 Mumbai: Retail loans, long considered a panacea for the banking system,...
