RCom owes Rs 26k cr to banks, financial institutions
Debt-ridden telecom firm Reliance Communications said the group owes around Rs 26,000 crore to Indian banks and financial institutions. Continue Reading
indian banks
Banks need to hire chief risk officers
The banking industry needs to upgrade its IT infrastructure and appoint experienced chief risk officers to effectively deal with incidence of cybercrimes, a report by Deloitte India said. Continue Reading
Asia Pacific banks lag in integrating fraud compliance functions: FICO survey
A recent survey by global analytics software firm FICO has revealed that only 18 per cent of Asia Pacific (APAC) banks have a strategic plan to fully integrate their fraud and anti-money laundering (AML) compliance functions, even though 71 per cent say that convergence will improve the ability to stop fraud and financial crimes. Continue Reading
Indian Bank’s new CSR initiative for differently-abled
As per the MoU signed between Indian Bank and SBI Foundation, an appropriate framework will be established to foster all-round as well as an inclusive growth path for the differently-abled employees. Continue Reading
Despite hovering losses, NPAs decline at PNB
Due to an improvement in the asset quality, led by lower provisioning, fewer NPAs and fresh slippages, PNB’s net loss narrowed to Rs 9,975 crore in 2018-19, from Rs 12,283 crore a year ago. Continue Reading