Banks Asked To Update ATM Software To Prevent ‘WannaCry’ Cyberattack

New Delhi: The Reserve Bank of India has asked banks to follow the instructions of the Indian Computer Emergency Response Team (CERT-In), a government organisation, to prevent attack by ransomware ‘WannaCry’ which has impacted various IT networks in over 150 countries. CERT-In has come out with a list of dos and don’ts and webcast More...

by Loknath Das | Published 1 week ago
By Loknath Das On Thursday, May 18th, 2017
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Small Businesses Suffer As Bruised Banks Sit On Deposits

New Delhi/Mumbai: Businessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India’s booming financial metropolis Mumbai. He would love to More...

By Loknath Das On Wednesday, May 17th, 2017
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Reserve Bank Of India Creates Post Of CFO

Mumbai: In a first, the Reserve Bank of India is creating a post of a chief financial officer (CFO) and has sought applications for the position. The CFO, who will be of the rank of executive director, will be More...

By Loknath Das On Monday, May 15th, 2017
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SBI ATM Withdrawal Charges, New Debit Card Fees. Details Here

State Bank of India or SBI on Thursday stated that all the ATM withdrawals are not chargeable as the country’s largest lender has revised service charges on various cash transactions for its customers. The More...

By Loknath Das On Saturday, May 13th, 2017
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Kotak Mahindra Bank To Price Share Offer At Top Of Range, Raising $901 Million

Kotak Mahindra Bank is pricing about 62 million new shares at Rs. 936 each after earlier setting a Rs. 930-936 indicative range. Hong Kong: Kotak Mahindra Bank Ltd, the fourth biggest Indian lender by market capitalisation, More...

By Loknath Das On Wednesday, May 10th, 2017
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SBI Bank Account: Here Are More Ways To Transfer Your Money

SBI or State Bank of India is offering a new facility that helps customers transfer money using their accounts on social media sites Facebook and Twitter. Users can “conveniently transfer funds” by More...

By Loknath Das On Monday, May 8th, 2017
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PM Modi Gives RBI Chief Urjit Patel Ammo To Finish A Major War

Resolutions of bad loans stalled because banks weren’t able to agree on write downs while company founders balked at renegotiating loan terms that included losing control of their firms. Reserve Bank of India More...

By Loknath Das On Tuesday, May 2nd, 2017
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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay

  SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance More...

By Loknath Das On Tuesday, April 25th, 2017
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SBI Savings Bank Account Minimum Balance How Much Fine You Have To Pay

SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance or More...

By Loknath Das On Monday, April 10th, 2017
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Barclays boss investigated over attempts to unmask whistleblower

Barclays and its chief executive Jes Staley are being investigated by regulators over his attempts last year to unmask a whistleblower who had raised questions about a recently recruited senior executive. The bank More...