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Preview: Banking-Banking/Finance-News By Industry-News-The Economic Times

Banking-Banking/Finance-Industry-The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Sat, 22 Oct 2016 01:31:48 GMT

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Reserve Bank of India to meet top bankers on classifying bad loans

Fri, 21 Oct 2016 19:24:17 GMT

(image) Skewed balance sheet,Stressed assets, restructured debt plus NPAs, in banks were at 11.5 per cent of outstanding loans worth Rs 75 lakh crore at the end of March.

Arun Jaitley asks banks to limit data theft fallout

Fri, 21 Oct 2016 19:12:56 GMT

(image) Economic affairs secretary Shaktikanta Das called for calm and promised swift action in the matter. “Cyber security is an important matter,” Das told reporters.

Stage set for banks to take effective action on NPAs: Arun Jaitley

Fri, 21 Oct 2016 19:10:50 GMT

(image) Jaitley also made a case for change in Prevention of Corruption Act 1988 to distinguish between the corrupt and the erroneous decisions to provide comfort to PSU bankers in settling NPAs.

SBI advises customers to use own ATMs

Fri, 21 Oct 2016 08:46:34 GMT

(image) An estimated 30,00,000-plus debit cards issued by various public or private banks are said to have been exposed to a potential risk of data breach.

Bank Board Bureau to now advise on capital raising plans and business strategies

Thu, 20 Oct 2016 18:11:01 GMT

(image) The biggest mandate that has been given to BBB is to advise the government on extension of tenure or termination of services of the board of directors

ATM compromise: Yes Bank says vendors need to do more

Thu, 20 Oct 2016 13:14:39 GMT

(image) According to media reports, systems of Hitachi Payment Systems which counts on Yes Bank as one of its major customers, are suspected to have been breached.

What happens to your money when your card is blocked after a data breach

Thu, 20 Oct 2016 10:23:43 GMT

(image) While there has been a proactive measure to protect customers, there are a few things you should be aware of when something of this magnitude happens.

3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit

Thu, 20 Oct 2016 07:10:57 GMT

(image) The breach is said to have originated in malware introduced in systems of Hitachi Payment Services, enabling fraudsters to steal information.

Standard Chartered may take a hit on Essar loan

Thu, 20 Oct 2016 05:32:38 GMT

(image) The sources added that the first tranche of the 50% cash payment to the Indian lenders will come over the next few days.

Security breach: SBI blocks over 6 lakh debit cards

Wed, 19 Oct 2016 12:33:41 GMT

(image) SBI has informed branches about the cards being blocked and fresh cards would be issued to customers.

State Bank of Patiala gets special award for excellence in MSME lending

Wed, 19 Oct 2016 12:07:25 GMT

(image) S A Ramesh Rangan, Managing Director and Devendra Kumar, General Manager, State Bank of Patiala received the award on behalf of the Bank.

From NPAs to revival, J&K Bank new chief has his task cut out

Wed, 19 Oct 2016 08:23:13 GMT

(image) Asserting that there is no substantial impact of Kashmir unrest on J&K Bank's business operations, he said loan accounts affected by the unrest are being restructured.

Bank informs RBI of security breach: Axis suffers cyber attack, hires EY to probe damage

Tue, 18 Oct 2016 19:30:06 GMT

(image) Last week, Axis filed a preliminary report about the breach to RBI. The bank has hired EY, the audit and advisory firm, to carry out an investigation.

It's stress time for loan against property deals

Tue, 18 Oct 2016 19:09:19 GMT

(image) Ind-Ra says that there could be a sharp rise in 90 days past due delinquencies for some of the large players resulting in revenue losses.

Shiv Kumar Bhasin: Meet the man who is behind SBI's technological innovations

Tue, 18 Oct 2016 19:05:25 GMT

(image) Three years later, the bank is earnings-ready in a week, data is ready for process within two days, and the system ‘downtime’ is just a few hours in a year.