All Banking & Crypto Related Details

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

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

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

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

Indian banks have recently engaged in significant M&A deals after the central bank eased financing rules. State Bank of India and other lenders are now financing up to 75% of deal values. The acquisition-financing market is estimated at nearly ₹2 lakh crore due to increased demand. Various large transactions include Crystal Crop Protection's acquisition of FMC Corporation's India business and others. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/GrLWygP via IFTTT

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