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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The proposed cloud facility could eventually help banks reduce their dependence on foreign tech giants for storing data.
For years now, Indian customers have seen their sensitive financial data being misused by scammers. Most of us know someone—a friend, a family member or a colleague—who has been a victim of phishing attacks by scamsters.
A key reason why fraudulent entities are able to access this information is India’s financial institutions use vulnerable systems to store data, making their databases prone to sophisticated cyberattacks. Here, the Reserve Bank of India has faced a tricky question: What is the most secure way of hosting customers’ sensitive financial data?
In recent years, a unanimous answer has emerged: Databases hosted in the …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
