Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
Axis Bank recently informed the Reserve Bank of India that it had experienced a cyber attack, while the State Bank of India said it was re-issuing over 600,000 debit cards because of a potential security breach.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
Other private banks also planning to employ bots soon
'I want to leave behind the bank stronger and better than when I took over.'
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Puri has been at the helm of the bank since its inception in 1994.
This comes at a time when competition has increased significantly.
New SDR norms allow promoters to manage debt-laden firms.
.jpg)
Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Criterion for corporates will effectively rule out entry for business houses.
Lenders taking up incubator-style roles with small investments in start-ups
'Confidentiality needs to be maintained.'
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
2013 foreign currency non-resident deposits to mature in Sep-Nov
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances