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Monday, April 22, 2024

RBI directs payment firms to track high-value, fishy transactions during elections

The Reserve Bank of India has directed regulated payment companies to monitor high-value or suspicious transactions to prevent misuse during elections. This directive aims to curb influence on voters and indirect funding of candidates.

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HDFC Bank CEO tells investors, gains to follow transition era

HDFC Bank CEO Sashidhar Jagdishan has urged investors to exercise patience during the bank's transition, likening it to the construction of Mumbai's coastal road. He assured that benefits would emerge in due course following this phase of transition. In an investor call following the bank's results, Jagdishan emphasized the bank's objective of securing the sustainability of its deposit franchise.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vJrRlzN
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Sunday, April 21, 2024

HDFC Bank approves Rs 60,000 crore fund raise via debt instruments



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Swift recovery of stolen money: Banks mull new move for faster freezing of fraudsters’ accounts in case of a cyberattack

Banks are considering a proposal to integrate their systems with the National Cybercrime Reporting Portal (NCRP) to prevent swift fund transfers by cyber fraudsters during attacks. The initiative aims to streamline the process of freezing accounts and recovering funds in cases of digital crimes and phishing attacks.

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HDFC Bank net profit rises 37 per cent to 16,511 crore



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