Posts

FM Sitharaman says Indian banks must build new defences as AI threats grow, West Asia crisis watched closely

Indian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a proactive approach. Banks will collaborate to identify vulnerabilities and adopt new technologies. AI itself may be used to combat AI-driven attacks. This initiative aims to strengthen cybersecurity defenses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/F1T9maQ via IFTTT
Post a Comment
Read more

'RBI in wait-and-watch mode on inflation risks,' says Deputy governor Poonam Gupta

The Reserve Bank of India is navigating global economic hurdles and geopolitical conflicts. Deputy Governor Poonam Gupta explains the central bank's approach to managing growth and inflation. India's economy shows resilience, with a focus on domestic stability. The RBI is closely monitoring external factors while maintaining its inflation targeting framework. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/njIpRBk via IFTTT
Post a Comment
Read more

HDFC Bank alerts clients on card swipe for overseas deals

In recent times many resident individuals, banking with various financial institutions, have used cards to carry out such international capital account transactions-oblivious that they were violating foreign exchange and banking rules. Some probably did it consciously to dodge the tax collected at source (TCS) or sidestep restrictions on overseas forex remittance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dgDL5bf via IFTTT
Post a Comment
Read more

AI to reshape next phase of financial market infrastructure: SBI Chairman CS Setty

State Bank of India Chairman CS Setty foresees artificial intelligence revolutionizing financial markets. AI will enhance risk management and operational efficiency. Institutions like Clearing Corp of India will become pre-emptive risk managers. The future demands intelligent scale and agile systems. Cybersecurity and resilience remain paramount as digitization advances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5Xo32aW via IFTTT
Post a Comment
Read more

PNB joins hands with Kiwi to expand credit on UPI for 180 million customers

State-owned Punjab National Bank has partnered with Kiwi to launch the RuPay-based PNB Kiwi Credit Card. It offers digital onboarding, UPI integration and 0.5–1.5% cashback. The move aims to expand credit access, especially in semi-urban and rural areas, amid rising UPI adoption. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jaSsYHT via IFTTT
Post a Comment
Read more

Bandhan Bank gets RBI approval for new chairman

Bandhan Bank has secured prior approval from the Reserve Bank of India for Debasish Panda's appointment as its part-time chairman. Panda's tenure will span three years, commencing from the date he assumes charge. This strategic move follows Panda's extensive experience in the financial sector, including his previous role as chairman of IRDAI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jbutgG0 via IFTTT
Post a Comment
Read more

RBI in talks with global regulators, banks to review Mythos risks, sources say

India's central bank is actively engaging with global counterparts and local institutions to assess potential cybersecurity threats from Anthropic's new AI model, Mythos. The Reserve Bank of India is exploring safeguards and may seek direct access to the AI to identify vulnerabilities, emphasizing data localization for Indian customer information. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YX4pjfE via IFTTT
Post a Comment
Read more