Tag: state bank of india
RBI sets up panel with banks, market players to review financial market issues
Mumbai: India’s central bank has formed a technical consultative committee to engage with market participants on policy and operational issues amid rapidly evolving financial markets…
cybersecurity: Digital payments firms race to fortify defences as cyberattacks intensify
Bengaluru: Digital payments companies such as PhonePe, Razorpay, Cashfree and PayU are strengthening cybersecurity systems, automating responses to attacks and tightening controls over financial transactions…
RBI tightens cyber checks on lenders after spate of hacks
MUMBAI: The Reserve Bank of India’s (RBI) has warned banks of rising cyberattacks on financial infrastructure, seeking proof of compliance with existing rules and details…
SBI informs 3,897 customers of dark web data leak, says funds are safe
The State Bank of India (SBI) has informed 3,897 customers whose data was leaked on the dark web that their account balances and funds remain…
The internet is under attack, and we have very few answers
Something quite unprecedented is unfolding on the internet. It affects almost everyone who uses the internet, has online banking accounts, has ever made a digital…
MPC minutes: Two more interest rate hikes on cards, maybe even a third
MUMBAI: India’s repo rate could climb to as high as 6.25% amid stubborn motor-fuel prices, with a high probability of quarter-percent increases during each of…
SBI confirms data leak involving 3,897 customer records in preliminary analysis
State Bank of India (SBI) on Wednesday said a preliminary analysis identified 3,897 customer records containing personally identifiable information in data suspected to have been…
SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflows
New Delhi: The State Bank of India (SBI) Research has called for the abolition of long-term capital gains (LTCG) tax on equities and an extended…
RBI rate hike will not stem outflows, leaving central bank in a bind
MUMBAI: India’s first rate hike in four years is unlikely to slow or reverse record high capital outflows, leaving the central bank battling the vicious…
RBI raises repo rate to 5.5% in first hike under Governor Sanjay Malhotra, shifts stance to ‘calibrated tightening’
Mumbai: The Reserve Bank of India (RBI) on Wednesday expectedly raised its benchmark repo rate to 5.5% in the first such increase since February 2023,…