All Banking & Crypto Related Details

Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 crore during the same financial year. HDFC and Axis Banks led private sector collections for these account charges. No penalties are applied to basic savings accounts, including Jan Dhan accounts. The government introduced a credit guarantee scheme to support businesses facing liquidity issues. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jpZDtR3 via IFTTT

Standard Chartered India is witnessing a series of senior leadership exits as it reshapes its wealth business and moves away from mass-market retail banking. Wealth head Saurabh Jain is joining Bandhan AMC, following earlier departures of two other senior executives, even as the bank doubles down on affluent and SME-focused growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TDek3pB via IFTTT

Bank of Baroda said its recent data leak resulted from the compromise of a single employee's email account and did not affect its core banking systems. The bank has launched a forensic investigation, informed regulators, and notified a cyber insurance claim while authorities assess the impact of the alleged data breach. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZjWvNkl via IFTTT

Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the Reserve Bank of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PjnRLQO via IFTTT

HDFC Bank has taken disciplinary action against certain employees after finding them guilty of business overreach related to deposit arrangements. As a result, three senior executives received both warning letters and a monetary penalty of one lakh rupees. This decision stemmed from an independent review, confirming no personal gain was sought. However, discrepancies with RBI directives raised concerns, prompting the bank to implement these measures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z15BMxL via IFTTT

Sensitive Bank of Baroda data has reportedly been hacked and released. About one terabyte of personal and corporate banking details appeared online. This includes Aadhaar numbers, account records, and loan data from many branches. Internal communications and audit reports were also part of the leaked information. No hacker has claimed responsibility for this significant data breach. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HAOfhNV via IFTTT