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Ransomware

Ransomware Hits Over 300 Local Banks, NPCI Cuts Off C-Edge Technologies

Over 300 local banks in India hit by ransomware attack, NPCI isolates C-Edge Technologies to protect payment systems.
RBI

RBI Sets New Rules for Banks: Focus on Identifying and Handling Wilful Defaulters

RBI issues new guidelines to tackle wilful defaulters, improving scrutiny of NPAs over Rs 25 lakh for better market stability.
RBI

RBI’s RCF Report Shows Digital Tech Driving Banking Efficiency and Market Competition

RBI’s 2024 RCF Report reveals how digital technology is enhancing bank efficiency and increasing competition in India’s financial sector.
RBI

RBI to Banks: Declare Loan Accounts as ‘Fraud’ Only After Fair Hearing

RBI mandates fair hearings for borrowers before labeling accounts as fraud. Banks must now provide a 21-day response window.
Axis Bank

HDFC, Axis Bank System Upgrade on July 13-14: Timing, Services That Will Be Hit – All Details

HDFC and Axis Bank announce potential service disruptions due to system upgrades on July 13-14. Find out more!
RBI

RBI Says Certain Banks Have Lakhs of Accounts Used for Fraudulent Transactions, Loan Evergreening

RBI raises concern over banks' misuse of internal accounts for fraud and loan evergreening, urging stricter controls and transparency.
ONDC

Soon, Loans From HDFC, IDFC First and Other Banks For Small Merchants, Retailers on ONDC 

ONDC plans to integrate HDFC Bank, IDFC First Bank, and other banks for loans to small merchants and retailers.
RBI

RBI Governor to Banks: Act against Mule Accounts

RBI Governor Shaktikanta Das urges banks to stop mule accounts and enhance cybersecurity measures in a recent meeting held in Mumbai.
ICICI Bank

ICICI Bank Joins $100 Billion Market Cap Club, Only 6th Indian Company to Reach this Milestone

ICICI Bank hits $100 billion market cap, becoming the sixth Indian company to achieve this milestone with a 2.48% stock rise.