Tag archive for ‘banks’
By Loknath Das On Thursday, May 25th, 2017

Blockchain driven project will not be easy to identify: HDFC Bank’s Sharad Bishnoi

“Digital transformation is the millennia” Sharad Bishnoi Senior Vice President & Head of Business Technology Group (Wholesale) at HDFC Bank says. Sharad Bishnoi being in banking sector for over 30 years, More...

By Loknath Das On Friday, May 19th, 2017

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’ More...

By Loknath Das On Thursday, May 18th, 2017

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 Saturday, April 8th, 2017

Banks likely to slash interest rate on savings accounts and deposits this fiscal

It’s raining bad news for small savers and depositors as interest rates on savings and bank deposits are set to trend lower in the new fiscal. The government has announced lowering of interest rates on financial More...

By subhadip On Monday, February 13th, 2017

Oil has strengthened, but Singapore banks not out of the woods yet

Stronger global oil prices have yet to benefit the offshore marine sector, whose continued troubles are expected to dominate the narrative this week when Singapore’s three largest banks release their earnings More...

By subhadip On Friday, February 3rd, 2017

Banks’ duty to provide free ATMs and keep branches open

I note the current negotiations over the future of the ATM network (Fees row may lead to charge for Link cash machine withdrawals, 19 January). In 2005, I led a Treasury committee inquiry into cash machine charges More...

By subhadip On Thursday, January 19th, 2017

Blockchain can help investment banks save $8bn per year, Accenture says

Accenture and operations benchmarking consultancy firm McLagan evaluate the applications of distributed ledger technology (DLT) in investment banking operations in the “Banking on Blockchain” report. For the More...

By subhadip On Monday, January 9th, 2017

Brexit: banks consider whether to start moving business out of UK

Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the More...

By subhadip On Monday, January 9th, 2017

Banks, oil stocks weigh on Wall St., keep Dow from 20,000

The Dow Jones Industrial Average declined on Monday, retreating from the historic 20,000 mark, weighed down by banks and energy companies, while a gain in technology stocks kept the Nasdaq afloat. Of its 30 components, More...

By subhadip On Monday, December 12th, 2016

IT spending by banks, securities companies to hit $7.8 bn

IT spending by banking and securities firms in India is estimated to touch USD 7.8 billion in 2017, an 8.6 per cent jump from 2016, technology research firm Gartner on Thursday said. “The banking and securities More...