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PNB aims to bring cost-to-income ratio below 50% this fiscal, 45% by FY29: MD Chandra

Punjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to further decrease it to around 45 percent by 2028-29. In the first half of the current fiscal year, the cost-to-income ratio was 50.38 percent, reflecting a decline from previous levels. The bank's net profit has reached Rs 5,500 crore, with targets for continued growth ahead. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9LZx45n via IFTTT
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PM Modi to inaugurate RBI's data centre in Bhubaneswar

Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute on Sunday. This initiative aims to bolster Odisha’s digital framework and elevate national financial security. Situated in Jatni, the facility is designed to support crucial payment and settlement operations. With 2,100 police personnel and traffic regulations in place, this visit marks Modi's ninth trip to Odisha since 2024. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EalBzky via IFTTT
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The Bond who came back from the dead: The risky world of AT1 bonds

Yes Bank AT1 bonds are back in the spotlight after the Supreme Court upheld the ruling invalidating their ₹8,415-crore write-off during the 2020 rescue. The verdict raises questions about investor protection, regulatory powers, unpaid coupons and the bank’s capital position. From Credit Suisse to India, the AT1 bond controversy exposes the risks of high-yield bank debt. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5TwbnxI via IFTTT
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SBI data leak scare: Bank contacts affected customers. Is your money safe?

State Bank of India has begun notifying customers potentially affected by a recent cyber incident. The bank assured customers that their account balances and funds remain secure throughout the investigation. Alerts were received about the data exposure from cybersecurity agencies, prompting immediate action by the bank. A total of 3,897 records containing personal customer information were identified in the investigation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rYmHKt9 via IFTTT
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Government plans to pare stakes in 4 PSU banks to 75%

The Union government announced in the 2021-22 budget that, besides IDBI Bank, it would take up two public sector banks and one general insurance company for privatisation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fn1oUKp via IFTTT
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SBI weighs data leak impact, alerts cyber cover provider

SBI may seek a claim under a Rs 1,425-crore cyber insurance policy with Oriental Insurance following a suspected leak of customer data, people familiar with the matter told ET. "SBI is in the process of notifying the insurer about the claim," said a person aware of the development. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EKboa86 via IFTTT
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A turbulent year at HDFC Bank: Controversies that kept India’s biggest private lender in the headlines

HDFC Bank has faced a turbulent year marked by governance concerns, its former chairman’s abrupt exit, scrutiny of Dubai operations, post-merger profitability challenges and CEO Sashidhar Jagdishan’s departure. A fresh probe into alleged leaks of confidential information adds to the challenges awaiting incoming chief executive Anup Bagchi as the bank seeks to restore investor confidence. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AgyorD7 via IFTTT
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