RBI Proposes 60-Day Cap on Money Mule Account Freezes
RBI proposes a 60-day cap on temporary debit holds for bank accounts suspected of money mule activity or cyber fraud. The draft rule is part...
Tag : banks
300 Indian Banks Hit by Ransomeware Attack, Payment Systems Temporarily Closed: NPCI
The National Payment Corporation of India (NPCI), a governing body that supervises payment systems, released a public announcement on Wednesday stating that it had temporarily...
Enormous Microsoft Outage Hit Flights, Banks, Stock Exchanges, Broadcasters
An extensive Microsoft shutdown disrupted air travel, banks, stock exchanges, and broadcasting companies on July 19, 2024. A significant IT shutdown on Friday affected systems...
SEBI Fines NSE, BSE For Laxity in KSBL Case
The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 3 crore to BSE and Rs 2 crore to NSE for failing...
Exim Bank Plans to Raise $3 Billion Through Overseas Bonds in FY23
Export-Import (Exim) Bank of India plans to raise around $3 billion in 2022-23 (FY23) via overseas bonds to support fresh lending and refinance a portion...
CAMS Acquires Majority Stake in Fintuple Technologies
CAMS declared that it had acquired a majority stake in Fintuple Technologies, a fintech platform for alternative investment funds (AIFs) and portfolio managers (PMS). With...
IFSCA Invites Comments on Draft Framework on Sustainable Financial Lending
The International Financial Services Centres Authority (IFSCA) invited public comments on the draft framework on sustainable lending by financial institutions. “The framework wants to promote...
Banks Act Against Future Retail for Missing Payments
Banks have started classifying loans to Future Retail Ltd (FRL) as a “non-performing asset” after the company missed payments to them, Banks told the Supreme...
New Year and New Beginning for Jet Airways
The ‘Joy to Flying’ is Back The post was updated when it was reported on October 17 that the Kalrock Capital-Murari Jalan duohad won the...
Banks Need $70 Billion More to Support Aim of $5 Trillion Economy, Says SBI Chairman
Banks may need to be capitalised at present. Still, they would need additional capital of $70 billion ( Rs 5.3 trillion) to support India’s ambitions...