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INDIAN BANKS ASSOCIATION
UPI transactions soar to record of Rs 29.9 lakh crores in MayUnified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of trans...- ATM cash loaders demand more money to cover increasing expensesCash logistics firms are urging banks for higher ATM replenishment fees due to escalating operational costs. Soaring fuel prices and increa...
- Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
- Fin services secy warns banks of mythos risksFinancial services secretary M Nagaraju warned the banking community about the potential risks posed by Anthropic's Mythos AI model. He emp...
- Beware! Finance Secretary Nagaraju warns banks about risk from MythosIndian financial authorities are alerting banks to the significant risks from advanced AI models. Secretary M Nagaraju highlighted the pote...
- FM Nirmala Sitharaman flags AI cyber threat, asks banks to actFinance Minister Nirmala Sitharaman has directed the Indian Banks' Association to help banks combat emerging cybersecurity threats from Ant...
- FM Sitharaman, IT minister Vaishnaw meet bankers over looming Claude Mythos; push for faster intel sharingIndia is building a strong system for banks and agencies to share threat information instantly. This aims to quickly identify new dangers f...
- FM Sitharaman says Indian banks must build new defences as AI threats grow, West Asia crisis watched closelyIndian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a proactive approach. Banks will col...
- Finance Ministry asks PSBs to complete wage revision process in next 12 monthsPublic sector banks must begin wage revision talks for employees and officers. Negotiations for the 13th Bi-partite settlement are to be fi...
- Lost job for misconduct? PSU bank employees may still be eligible for pension; check Bipartite Settlement and eligibility rulesPublic sector bank employees dismissed for misconduct can still receive their pension. This is due to Bipartite Settlement rules that allow...
- Consumption sustaining growth; predictable support essential for GDP expansion: FMUnion Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's economic growth, emphasizing the need fo...
- RBI revamps business correspondent model to boost last mile delivery of financial servicesThe Reserve Bank of India is overhauling its business correspondent system. New service points, Business Correspondent-Banking Outlets and ...
- UPI achieves nearly 23 billion transactions in March: DFSTransaction through the Unified Payments Interface (UPI) touched a record high of 22.64 billion in volume terms in March. In volume terms, ...
- Delhi HC declines stay on PSB incentive schemeThe Delhi High Court has declined to halt the 2024 performance-linked incentive scheme for senior public sector bank officials. Bank employ...
- Indian Banks' Association to push for more reforms, take over EASE agendaIndian Banks' Association or IBA has started its operational office in New Delhi. "IBA in times to come has a very important role to play a...
- Indian Banks Association may approve 90-day moratorium for all NBFCsNBFCs and housing finance companies had shot off an urgent SOS to the RBI claiming that they will run out of cash by May-June if they don’t...
- Indian Banks Association elects Rajnish Kumar as chairmanSBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Association for fiscal 2019-20. UBI's G Rajkiran Rai, S S Mallika...
- Indian Banks Association discusses PNB fraud"The discussion centred around how to recover the money [from those involved in the fraud]," said a banker without disclosing the details.
- Bank of Baroda aftereffects: CBI to engage with Indian Banks AssociationCBI Director Anil Sinha will be meeting heads of banks at a seminar where issues related to banking frauds will be discussed.
- Indian Banks' Association recommends modifications in student loansAt a time when rising defaults from education loans are haunting Indian state-run lenders, the government has asked banks to increase their...
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