Page 948 - Finance News

Banks eye 'resolution' of Rs 1.5 lakh cr worth stressed assets

With the Essar deal coming, the banks are prioritising the resolution process by focussing on helping in sale of businesses by corporate borrowers

Andhra Bank announces opening of Gold Bond scheme series-III

he issue price of the Sovereign Gold Bond for this tranche has been fixed at Rs 2,957 per gram of gold

Debit card data breach: FinMin wants report from RBI, others within 10 days

Report will determine where the hacking took place

Banks alert as passwords compromised in majority of debit card transactions

The security breach happened through a malware in the systems of Hitachi Payments Services

Debit card data breach: Top 10 developments so far

Key developments on arguably the biggest security breach faced by the Indian banking industry

PMO lens on debit card security breach probe

Concern highlights the fact that, unlike previous ATM frauds, current one might have far more serious repercussions and systemic risk

Fullerton India raises Rs 500 cr via masala bonds

Fullerton also plans to raise up to Rs 1,000 crore through debentures and subordinated debt from domestic market

Bank of Baroda gets approval to raise Rs 2,000 crore via bonds

The PSBs are on a spree to strengthen their tier-I capital as a required to be fully compliant with Basel -III norms by March 2019

SBI advises customers to use its own ATM network

SBI said it is aiming to replace around six lakh debit cards within two weeks

Govt has sought report on debit card data compromise: Arun Jaitley

It is following the biggest security breach in the Indian banking industry that affected over 32 lakh card holders

FinMin assures customers of swift action in debit card security breach case

32 lakh debit cards are feared to have been 'compromised' by a cyber malware attack infecting some ATM systems

HSBC to wind up P-note business in India

HSBC is among the top five issuers of P-notes in India with a market share of more than 6 per cent at the end of last financial year

Govt orders probe into debit card data breach

641 customers of 19 banks identified as victims so far; banks issue advisory to customers

5 banks that have announced scaling down India ops recently

HSBC plans to wind down its P-notes business, FirstRand Bank to shut retail operations

SBI merger to trim new hirings by 20%

Bank has announced there won't be any job cuts on account of the merger

RBI decides to allow FDI up to 100% in other financial services

Such foreign investment shall be subject to conditionalities, including minimum capitalisation norms

YES Bank Q2 net profit up 31%

However, net NPA of the bank rose to 0.29% from 0.20% on a year-on-year basis

YES Bank may appoint new i-banks for QIP

Last month, the private sector lender had to abort its $1 billion fundraising plan via QIP

Payment providers to face penalty up to Rs 1 crore for violating rules: RBI

The players on whom the fine has been levied will have to disclose it on their website and in their annual financial statements

Hitachi claims its systems were not breached in cyber attack

Over 3.2 million debit cards are said to be compromised due to virus/malware in switch provider system at Hitachi