AI, identity, real-time payments resetting cyber threat landscape
The fast transformation of the banking and financial sector is creating a completely new cybersecurity threat landscape, according to a recent report. It highlights that traditional security systems are no longer enough for today’s highly connected financial world. The Digital Threat Report 2025–26, released on Monday, explains that older cybersecurity models were built for centralized […]
Govt close to accepting sweetened Fairfax Financial offer for IDBI Bank
India’s government is close to finalizing a deal with Fairfax Financial Holdings Ltd. for the sale of IDBI Bank Ltd., possibly at a slightly higher price, according to sources familiar with the matter. Fairfax, whose earlier bid was below the government’s expected reserve price, is likely to increase its per-share offer by a few rupees. […]
Commercial papers explained: How companies raise short-term funds
Companies are increasingly choosing commercial papers (CPs) to raise short-term funds instead of depending only on bank loans. According to data from the Reserve Bank of India (RBI), companies raised ₹5.37 trillion through CPs during the April–June quarter of FY27 — marking the highest quarterly fundraising in the last 18 quarters. In June alone, issuances […]
Govt close to accepting sweetened Fairfax Financial offer for IDBI Bank
India’s government is nearing an agreement with Fairfax Financial Holdings Ltd. for the sale of IDBI Bank Ltd., possibly at a slightly improved price, according to sources familiar with the matter. Fairfax, whose earlier bid was below the government’s expected reserve price, is now likely to increase its per-share offer by a few rupees. However, […]
Bandhan Bank brings Rohit Shetty for Cyber Cop mission
India mein cybercrime bahut fast badh raha hai. 2025 mein ₹22,495 crore ka loss report hua aur 24 lakh+ complaints register hui. AI (Artificial Intelligence) ke use se banking easy hua hai, lekin fraud ke naye tareeke bhi badh gaye hain. Ek survey ke according, 84% banking leaders ne kaha ki fraud cases increase hue […]
HDFC Bank trims workforce amid tech, AI ramp up
HDFC Bank ne FY26 me 3,343 employees (1.56%) kam kiye, jo 9 saal me pehli baar hua hai. Reason hai technology aur AI ka zyada use, jisse kaam faster aur efficient ho gaya. Axis Bank ne bhi ~3,100 employees reduce kiye, kyunki technology investments se productivity badhi hai. HDFC Bank ke CEO Sashidhar Jagdishan ke […]
FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive
Nirmala Sitharaman will meet public sector bank (PSB) heads to review progress of foreign currency deposits campaign. The aim is to attract NRI/OCI investors to deposit money in Indian banks. Reserve Bank of India has removed interest rate limits (till Sept 30) on FCNR(B) deposits (3–5 years) to make them more attractive. This step is […]
Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27
Indian Bank plans to recover ₹4,500–₹5,500 crore from bad loans in FY27. In the first quarter, it has already recovered ₹1,885 crore. Around ₹500 crore is expected from cases in NCLT (bankruptcy cases). The bank is also raising foreign currency deposits (FCNR-B): Collected $140 million so far Target is $2 billion by September Indian Bank […]
RBI is right to act on digital payment fraud. But some safeguards need sharper design
India mein digital payments ke saath cyber fraud cases aur losses badh rahe hain. Isko control karne ke liye RBI naye safety rules laane ka plan kar raha hai. Main steps: Bade transactions par 1-hour delay (fraud hone par rokne ka time milega) Extra security checks for risky users Mule accounts (fraud accounts) par strict […]
Kotak Mahindra Bank to pursue acquisitions alongside organic growth
Kotak Mahindra Bank is planning to grow in two ways:(1) Acquisitions (buying other businesses) and(2) Organic growth (growing on its own) Recently, the bank bought Deutsche Bank’s retail business in India to increase customers and expand its reach. The bank also wants to benefit from India’s growing economy. Its strong financial position and experienced management […]