All Banking & Crypto Related Details

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

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

Cybercrime is undermining the traditional trust associated with bank brands, forcing a reevaluation of communication strategies. Current anti-cybercrime campaigns often blame victims, failing to address systemic weaknesses and eroding customer confidence. Banks must invest in real-time fraud prevention and demonstrate genuine intent to protect customers, rebuilding credibility through consistent action rather than just advertising. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/X4qPDj6 via IFTTT

HDFC Bank posted a strong FY26 performance despite recent governance-related headlines and leadership changes, with CreditSights noting that these developments are unlikely to have any meaningful impact on its credit profile or stability. The bank reported a 10.9% rise in net profit to Rs 74,700 crore, supported by 12.1% loan growth, robust deposit mobilisation, and continued best-in-class asset quality, with gross NPAs falling to 1.15% and credit costs at multi-quarter lows. Capital buffers remained strong with a CET1 ratio of 17.3%, underscoring resilience even as external macro risks persist. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DertT1U via IFTTT

The State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treated as an asset during insolvency. SBI warns this could significantly impact banks and infrastructure financing. The bank argues the ruling overlooks key issues for lenders. This decision affects recovery prospects in various regulated sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z0l4WoV via IFTTT

DBS Bank India has launched DBS Aspire, a new banking proposition targeting the emerging affluent segment with a total relationship value of ₹10 lakh or a ₹2 lakh average savings balance. The offering provides premium banking access, including a dedicated relationship manager and zero forex mark-up on international spends, aiming to be a long-term partner as customers grow their wealth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FJN9snI via IFTTT