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Showing posts with label bank. Show all posts
Showing posts with label bank. Show all posts

Monday, 26 March 2018

07:15

Foreign Banks Quitting India -AIBOC

Foreign Banks Quitting India -AIBOC

Learn from the Experience of Foreign Banks quitting India:- It is also very important to see the trend of Foreign Banks’ operations in India. India has ceased to be a priority for multinational foreign banks since the financial crisis, as high capital and regulatory requirements in India have forced them to retreat into their domestic markets to save on costs and protect profitability. Now, let us have a look at some statistics. In the last five years, Deutsche Bank has sold its credit card business, Barclays has shut its retail banking business; Swiss lender UBS has given up its banking licence and so did US-based multinationals Morgan Stanley and Goldman Sachs; Bank of AmericaMerrill
Lynch sold its wealth management business to Julius Baer and Dutch banking group ING sold its Indian operations to Kotak Mahindra Bank. The exodus continued in 2015 with British bank RBS, which shut 23 of its 31 branches in India. Again, Standard Chartered reduced by a quarter its staff in corporate and investment banking. HSBC, too, announced that it will shut down its private banking business. These foreign banks have been closing down their business in India owing to high capital and regulatory requirements in India; but the domestic banks do not have any option. At one end, we have to continuously endure the onslaught of the RBI and Govt and on the other hand, we are duty bound to serve the masses of the nation. Hence there is an urgent need to change the Asset Classification and provisioning norms as well as Capital Adequacy norms.

Source:AIBOC

Monday, 19 March 2018

22:47

Business From "CyberThreats" -Guidelines

Business From "CyberThreats" -Guidelines

Here are a few tips that you can use today to protect your business from cyber threats:
  • Review access and permissions and limit remote access – only allow those who need the access to your most sensitive data permission to do so.
  • Implement complex password requirements – having your employees create and maintain strong, complex passwords is a great practice to minimize cyber-attacks and protect data.
  • Train employees – make your employees aware of the various cyber threats, such as phishing or business email scams so they’re better able to recognize them. Consider including this training in your new hire onboarding, and be sure to schedule refresher courses regularly.
  • Ban or severely restrict USB access – flash drives can be dangerous vehicles to smuggle out confidential business information without detection, or provide access for hackers to transfer malware on the device.
  • Disable Microsoft Office Macros – macros, computer code used in Microsoft Office to automate tasks and add functionality to your files, can be used as a vehicle for malware, making your company susceptible to an attack.
  • Maintain robust and secure backups – properly securing your data is key to recovery following any type of cybercrime.
  • Update plug-ins – out-of-date plug-ins should be updated immediately. Fraudsters are known to exploit this vulnerability to steal data, install malware access networks. Some of the most commonly target plug-ins include adobe and java, so keep a special eye on those to avoid any attacks.
  • Utilize encryption – encrypting files ensures that your data is protected should your system be hacked or your laptop is lost or stolen.
  • Consider penetration testing – penetration testing is used to exploit cyber security vulnerabilities so you can make improvements before an attack would occur.
  • Develop an intrusion response plan – having an incident response plan can help mitigate damages.


Tuesday, 20 February 2018

06:11

IBA & Union Meeting On 21.02.2018 Postponed

IBA & Union Meeting On 21.02.2018 Postponed 
Negotiating Committee Meeting between IBA & Unions/Associations on XIth Wage Revision scheduled to be held on 21.02.18 postponed

Vide its letter dated 17th February 2018, IBA informed that due to some unforseen circumstances, it has been decided to postpone Negotiating Committee Meeting with Unions/Associations scheduled to be held on 21st February 2018. Next date of the meeting will be advised by IBA in due course.

Source:AIpnbsf

Monday, 23 October 2017

Friday, 20 October 2017

08:16

NEFCU launches Google Home banking app with Conversation.one

NEFCU launches Google Home banking app with Conversation.one

Nassau Educators Federal Credit Union (NEFCU), a 200,000-member institution in Long Island, US, has launched its Google Home Action and Google Assistant app.
The solution is based on the Conversation.one platform. It enables NEFCU’s customers “to check their share and loan balances, review recent transactions, locate branches and ATMs, connect to their contact centre, or get the most up-to-date loan rates by simply talking to their Google Home devices or their Google Assistant,” the tech provider says.
“By leveraging the Conversation.one platform, we become one of the first financial institutions in the US to launch online banking Alexa skills and Google Home Actions, making us an industry leader in this technology,” states Jojo Seva, CIO at NEFCU.
Last year, another US credit union, Baxter CU, signed for Symitar’s Financial Innovations Voice Experience (FIVE) – a solution that explores the possibilities that voice-based personal assistants such as Amazon’s Echo and Microsoft’s Cortana can bring to banking.
Conversation.one was founded in 2017 and is based in California. Its flagship product is “a build-once-deploy-everywhere platform for developing conversational apps”. It is a “no-coding, no-programming, intuitive, visual and user-friendly” platform that uses machine learning.
Source:Bankingtech


Tuesday, 29 August 2017

09:16

Reserve Bank Of India: New 200 Rupees Note Release and Details

Reserve Bank Of India: New 200 Rupees Note Release and  Details
Rs200 -Front
Rs.200 -Back
1. The new note will be released inder Mahatma Gandhi (New) Series, bearing signature of RBI Governor Dr. Urjit R. Patel. 
2. See through register with denominational numeral 200. Latent image with denominational numeral 200 
3.Denominational numeral २०० in Devnagari 
4. Portrait of Mahatma Gandhi at the centre 
5. Micro letters 'RBI', 'भारत', 'India' and '200' 
6. Windowed security thread with inscriptions 'भारत' and RBI .. 
7. Guarantee Clause, Governor's signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait 
8. Denominational numeral with Rupee Symbol, Rs 200 in colour changing ink (green to blue) on bottom right 
9. Ashoka Pillar emblem on the right 
10. Mahatma Gandhi portrait and electrotype (200) watermarks 
11. Number panel with numerals growing from small to big on the top left side and bottom right side 
12. For visually impaired: Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, raised Identification mark H with micro-text ₹200, four angular bleed lines with two circles in between the lines both on the right and left sides 

Source:ET