Search Results for: bank

Recently we saw that RBI came up with a circular (Refer TOI article here). RBI had in its earlier circulars (Refer here) starting from 1976 had indicated that the purpose of opening minor accounts was to encourage the habit of … Continue reading →

In a move which should be very useful in fortifying the security of Bank domains, RBI is expected to launch a new TLD bank.in from April 2025. RBI is also introducing another TLD fin.in to cater to the requirements of … Continue reading →

It has been reported in some security circles that ICICI Bank has become a victim of a ransomware attack leading to compromise of personal data of customers. Details It is not clear what is the extent of the data breach. … Continue reading →

In October 2024, Meity declared IOB, RBL Ltd, IndusInd Bank ltd, Federal Bank and Bank of Maharashtra as “Protected Systems under ITA 2000” Notifications: IOB RBL IndusInd Bank Federal Bank Bank of Maharashtra The implications are two fold. Any attempt … Continue reading →

CBI has successfully investigated a fraud in UCO Bank where two support engineers manipulated the system which resulted in credits to accounts without a corresponding transfer of money from the sending bank to the receiving bank. See report in NewIndian … Continue reading →