Indian govt lets banks to use face recognition, iris scan for some transactions
The Aadhaar card has a unique number tied to an individual's fingerprints, face and eye scan. India's finance ministry in December asked banks to take "necessary action" on a letter by the Unique Identification Authority of India (UIDAI), which suggested verification should be done through facial recognition and iris scanning.
Jan 15, 2023, 08:03 AM ISTRBI directs banks to provide account details of 10 designated terrorists to Govt
The Union Ministry of Home Affairs (MHA) had designated a total of 10 members of Hizbul Mujahideen (HM), Lashkar-e-Taiba (LeT) and other proscribed outfits as terrorists under the Unlawful Activities (Prevention) Act (UAPA).
Oct 27, 2022, 16:55 PM ISTAmbit of OBC 'creamy layer' extended to PSUs, financial institutions
Union Cabinet on Wednesday decided to extend the concept of creamy layer in OBC reservations to PSUs and financial institutions.
Aug 30, 2017, 19:27 PM ISTCREDAI seeks PM's intervention for proper rollout of RERA
Real estate industry body CREDAI on Thursday sought the prime minister's intervention to ensure proper and expeditious implementation of the new real estate regulatory law to protect the interest of property buyers and developers.
Aug 17, 2017, 19:04 PM ISTNorth Korea hacking increasingly focused on making money than espionage: South Korea study
The US government has blamed North Korea for the Sony hack and some US officials have said prosecutors are building a case against Pyongyang in the Bangladesh Bank theft.
Jul 28, 2017, 11:09 AM ISTBanks, MFs should obtain identification nos for filing SFT
The Income Tax department on Friday said banks, mutual funds and financial institutions should obtain an identification number and file the statement of financial transaction (SFT) by May 31.
May 26, 2017, 16:22 PM ISTHow does CIBIL score impact your borrowing
CIBIL (Credit Information Bureau India Limited) is credit information company in India, that gathers financial data for maintaining credit records.
Apr 19, 2017, 18:02 PM ISTBank accounts to be blocked if not self-certified by April 30 – Key things you should know
The CBDT has advised all financial institutions that all efforts should be made by them to obtain self-certification.
Apr 12, 2017, 10:31 AM ISTNSE likely to start the interview process for CEO this week
The interview process for selection of the Managing Director and CEO at National Stock Exchange (NSE) is all likely to start this week. As per reports, eight to ten candidates are in serious contention.
Jan 15, 2017, 20:50 PM ISTSC seeks data from Centre on recovery cases filed by banks, financial institutions pending for 10 years
The bench also sought a response on the question as to whether the recovery tribunals are equipped to decide the loan recovery cases within a fixed time frame, stipulated under the law.
Jan 03, 2017, 12:21 PM ISTG7 boost banking cybersecurity as new SWIFT threat emerges
The G7 group of leading economies laid out a new framework for battling the hacking of financial institutions Tuesday as a new threat using the SWIFT interbank network emerged.
Oct 11, 2016, 23:43 PM ISTFear of CBI bizzare; apply wisdom in funding NPA: Panel to banks
Finding banks working under the fear of CBI and CVC as "bizzare", a Parliamentary panel has asked lenders to take decision on financing of stressed assets as per their "own wisdom" and on the basis of the project's viability.
Aug 15, 2016, 11:37 AM ISTLoan fraud cases: CBI to hire tax experts from RBI, other financial institutions
CBI is looking for tax experts from RBI and other financial institutions to help it in probing high-profile cases including multi-crore rupees chit-fund scams and alleged loan fraud by businessman Vijay Mallya.
Jun 12, 2016, 11:34 AM ISTFIs can obtain self-certification via internet banking: CBDT
Under the FATCA and CRS, Financial Institutions (FIs) can now obtain self-certification through internet banking platform from the user account where the customer has transaction rights, the CBDT said on Friday.
May 28, 2016, 18:04 PM ISTFinMin eases rule for foreign trip for MD of PSU banks, FIs
Managing directors and other executive board members of state-owned banks as well as financial institutions will not be required to take permission of the Finance Ministry for undertaking foreign tours.
Oct 22, 2015, 18:07 PM ISTDomestic investors, MFs pitch for easier taxation, uniform KYC
Rationalisation of tax rules and introduction of uniform KYC were some of the steps which were suggested by the domestic financial institutions (FIs) to promote ease of doing business and encourage retail participation in the securities market.
Oct 21, 2015, 16:57 PM ISTRBI to allow new kind of NBFC as account aggregator
The Reserve Bank will allow setting up new kind of NBFC which would act as account aggregator to help people see their accounts across financial institutions in a common format.
Jul 02, 2015, 20:03 PM ISTEquifax appoints HSBC's Manish Sinha to head country ops
Sinha, appointed as the managing director and country head for Equifax, will be focusing on retail banking as the head of consumer assets and customer value management.
May 06, 2015, 15:40 PM ISTTarget announces $19 million data breach settlement with MasterCard
Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013.
Apr 16, 2015, 03:54 AM ISTMoody's raises outlook for 15 banks, FIs to 'positive'
Credit rating agency Moody's Thursday revised upwards the outlook to positive, from stable, for 12 state-owned banks and financial institutions including SBI, PNB, Canara Bank, REC and PFC.
Apr 09, 2015, 17:21 PM IST