Informal Banking System
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UK Armed Forces Data Exposed In Suspected Chinese Cyberattack: Report
A third-party payroll system has been hacked, potentially compromising the bank details of all serving armed forces personnel and some veterans.
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Paytm Bags NPCI Approval for User Migration to New Payment System Provider Banks
One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday.
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Reserve Bank of India to Launch 'Public Tech Platform' Pilot on August 17 to Provide Information to Lenders
Reserve Bank of India is set to launch a 'Public Tech Platform' pilot on August 17, according to the central bank. The system will allow credit to be approved by providing digital information to lenders more effectively.
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Anker 737 PowerCore 24K 24,000mAh Power Bank With 140W Charging Launched: All Details
Anker has launched the 737 PowerCore 24K power bank, which has 140W bi-directional charging and a colour display that provides information on charging and remaining battery capacity. The power bank can quickly charge even modern laptops.
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China Vows Privacy, Information Protection in Using Digital Yuan
China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank official as saying on Sunday, as Beijing encourages greater adoption of e-CNY.
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COVID-19 Has Exposed Financial Systems Are Designed In Wrong Way, Says Nobel Laureate
Speaking to Congress leader Rahul Gandhi, Nobel laureate Muhammad Yunus advocated for a system that to create space for the informal and rural economy
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Top PMC Officials Hid HDIL Accounts From System, RBI Tells Court
Senior officials of scam-hit Punjab & Maharashtra Cooperative Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 per cent of its loan exposure, the RBI informed the Bombay High Court on Tuesday.
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SBI Fixes Glitch That May Have Exposed Customer Data
State Bank of India (SBI), the country's largest lender, has fixed a glitch in its systems that may have exposed the financial information of millions of customers.
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Protectionist Tendencies Will Shrink GDP, Warns Arun Jaitley
Mr Jaitley said demonetisation has forced "extraordinary large" amount of cash into the banking system which will not just increase ability of banks to lend at more reasonable rates, but also squeeze informal economy and make India a more tax-compliant society.
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US Banking Group Forms Unit Aimed At Reducing Cyber Risk
The Financial Systemic Analysis & Resilience Center (FSARC) will proactively identify, analyse, and coordinate activities using more sophisticated techniques, a statement said.
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SWIFT Tells Banks To Share Information On Hacks
International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent hackings, after criminals used SWIFT messages to steal $81 million from the Bangladesh central bank.
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RBI Shortlists 5 Firms for Audit and Risk Monitoring Mechanism
The Reserve Bank of India plans to procure an Audit Management and Risk Monitoring System (AMRMS) from five "potential shortlisted" solution providers, including PwC and Quadrant 4 Software Solutions.
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Deloitte, 6 Others Empanelled for RBI Information Systems Audit
Deloitte, KPMG, PwC and four others have been empanelled by the Reserve Bank of India for conducting audit of information systems of the central bank.
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Raghuram Rajan for More Use of IT by Banks
The use of information technology in the Indian banking system is still quite low and the banks should use new technologies to bring down costs, Reserve Bank Governor Raghuram Rajan said here on Friday.
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Arun Jaitley Bats for Automatic Information Exchange to Tackle Black Money
Keen to put in place a system to prevent international tax evasion and avoidance, Finance Minister Arun Jaitley has made a strong pitch for countries to implement Common Reporting Standards on automatic exchange of information.
-
UK Armed Forces Data Exposed In Suspected Chinese Cyberattack: Report
A third-party payroll system has been hacked, potentially compromising the bank details of all serving armed forces personnel and some veterans.
-
Paytm Bags NPCI Approval for User Migration to New Payment System Provider Banks
One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday.
-
Reserve Bank of India to Launch 'Public Tech Platform' Pilot on August 17 to Provide Information to Lenders
Reserve Bank of India is set to launch a 'Public Tech Platform' pilot on August 17, according to the central bank. The system will allow credit to be approved by providing digital information to lenders more effectively.
-
Anker 737 PowerCore 24K 24,000mAh Power Bank With 140W Charging Launched: All Details
Anker has launched the 737 PowerCore 24K power bank, which has 140W bi-directional charging and a colour display that provides information on charging and remaining battery capacity. The power bank can quickly charge even modern laptops.
-
China Vows Privacy, Information Protection in Using Digital Yuan
China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank official as saying on Sunday, as Beijing encourages greater adoption of e-CNY.
-
COVID-19 Has Exposed Financial Systems Are Designed In Wrong Way, Says Nobel Laureate
Speaking to Congress leader Rahul Gandhi, Nobel laureate Muhammad Yunus advocated for a system that to create space for the informal and rural economy
-
Top PMC Officials Hid HDIL Accounts From System, RBI Tells Court
Senior officials of scam-hit Punjab & Maharashtra Cooperative Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 per cent of its loan exposure, the RBI informed the Bombay High Court on Tuesday.
-
SBI Fixes Glitch That May Have Exposed Customer Data
State Bank of India (SBI), the country's largest lender, has fixed a glitch in its systems that may have exposed the financial information of millions of customers.
-
Protectionist Tendencies Will Shrink GDP, Warns Arun Jaitley
Mr Jaitley said demonetisation has forced "extraordinary large" amount of cash into the banking system which will not just increase ability of banks to lend at more reasonable rates, but also squeeze informal economy and make India a more tax-compliant society.
-
US Banking Group Forms Unit Aimed At Reducing Cyber Risk
The Financial Systemic Analysis & Resilience Center (FSARC) will proactively identify, analyse, and coordinate activities using more sophisticated techniques, a statement said.
-
SWIFT Tells Banks To Share Information On Hacks
International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent hackings, after criminals used SWIFT messages to steal $81 million from the Bangladesh central bank.
-
RBI Shortlists 5 Firms for Audit and Risk Monitoring Mechanism
The Reserve Bank of India plans to procure an Audit Management and Risk Monitoring System (AMRMS) from five "potential shortlisted" solution providers, including PwC and Quadrant 4 Software Solutions.
-
Deloitte, 6 Others Empanelled for RBI Information Systems Audit
Deloitte, KPMG, PwC and four others have been empanelled by the Reserve Bank of India for conducting audit of information systems of the central bank.
-
Raghuram Rajan for More Use of IT by Banks
The use of information technology in the Indian banking system is still quite low and the banks should use new technologies to bring down costs, Reserve Bank Governor Raghuram Rajan said here on Friday.
-
Arun Jaitley Bats for Automatic Information Exchange to Tackle Black Money
Keen to put in place a system to prevent international tax evasion and avoidance, Finance Minister Arun Jaitley has made a strong pitch for countries to implement Common Reporting Standards on automatic exchange of information.
