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SBI investigates dark web leak of 3.8 lakh records

State Bank of India is currently investigating a suspected data breach involving customer information found online. The breach reportedly exposed around 375,000 records containing personally identifiable information. SBI activated protocols and engaged cybersecurity experts to assess the extent of the breach. Preliminary analysis revealed that 3,897 customer records included sensitive personal data. Despite this incident, the bank's core business operations and financial performance remain unaffected. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Jv0oEjx via IFTTT
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Systemic liquidity seen uneven as some banks continue market borrowing

Several banks in India have been borrowing from the market despite substantial foreign currency non-resident deposits inflow. This situation indicates that excess liquidity is not evenly distributed across the banking sector. Some banks experienced a significant rise in certificates of deposit while others shed expensive deposits. The inability to capitalize on FCNR deposits has led many banks to rely on costly market funding. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7GMf9BQ via IFTTT
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HDFC Bank investigates two senior executives over alleged leak of business secrets

HDFC Bank conducted an internal investigation after concerns about confidential information being leaked surfaced among executives. The probe discovered that two senior executives disclosed sensitive business strategies to outsiders, prompting further examination. This investigation is ongoing, and the involved executives have already been informed of the findings. The bank is committed to upholding ethical standards and will take appropriate action based on the investigation's results. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AQWJuqh via IFTTT
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SBI probes suspected data breach after 3.75 lakh records surface on dark web

State Bank of India is investigating a suspected data breach involving approximately 3.75 lakh records found online. The bank has engaged cybersecurity experts to assess the extent and risks related to the exposed data. Preliminary analysis has identified nearly 3,900 customer records, which include personally identifiable information. Previously, Central Bank of India experienced a technical glitch affecting its systems but reported no financial losses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/aoUxwig via IFTTT
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SBI flags dark web exposure of 3,897 customer records; names, mobile numbers, addresses among data leaked

State Bank of India has flagged the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web. The data reportedly includes names, mobile numbers, dates of birth and residential addresses. SBI has initiated incident response measures and engaged an independent cybersecurity agency to investigate the alleged compromise. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Ikqajch via IFTTT
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Canara Bank has Rs 47000 crore corporate loan pipeline

Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. The bank expects credit growth to remain above 19% year-on-year for the upcoming quarter. It reported significant growth in deposits and loans due to a strategy focused on non-resident Indian customers. Management anticipates maintaining a return on assets above 1% despite future provisioning requirements. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Ml3z8is via IFTTT
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Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ROYV0x8 via IFTTT
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