North Korean hackers linked to Cosmos Bank heist

Cosmos Bank, a Pune based co-operative had lost Rs 94.42 crore in one of the largest banking heists in the country through withdrawals from more than 14,849 ATMs transactions

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Federal Bank fined Rs 5 cr for non-compliance of RBI norms

The lender was found to have not complied with RBI directions on reporting of data on Central Repository of Information on Large Credits (CRILC), an RBI statement said.

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First Abu Dhabi Bank ties up with ToneTag for sound based payments

With ToneTag, POS (Point of Sale) terminals of FAB’s clients are now capable of accepting sound-based proximity payments.

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IFC extends Rs 1,000 cr green loan to Aditya Birla Finance

ABFL would use the proceeds to finance renewable energy projects and help the country move towards its target of 175 GW of renewable energy capacity by 2022.

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HSBC banker, brothers accused of moving drug cash in Paris trial

During testimony in Paris Monday, Nessim blamed the scheme on his brother Meyer and said he believed the money was linked to tax evasion, not drugs.

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NBFC slump is a crisis of confidence, says Ajay Piramal

In 2008, there was no liquidity in the market. Today there is no liquidity crisis. It is more a crisis of confidence. That is different from not having money to lend.

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Success or failure of a three-way merger would determine the future of banking industry

The aim is to bring about operating efficiencies over time by lowering combined operating and funding costs while strengthening risk management practices.

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IL&FS crisis: Lenders hopeful, but stare at haircut

A clutch of lenders led by BoI and SBI, and including foreign banks, have lent Rs 34,480 crore

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ASA International injects equity in its India arm

This is the first time the Bangladeshi-Dutch promoter has injected capital into its India subsidiary after setting it up in 2008.

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IL&FS needs to monetise assets, say insiders

The group has lined up plans to sell as many as 24 projects to raise around Rs 30,000 crore.

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PNB wilful defaulters' dues fall marginally to Rs 15,075 crore at August-end

PNB earlier in February unearthed a scam of more than Rs 14,000 crore carried out by celebrity jeweller Nirav Modi and his associates.

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Troubles at NBFCs may help banks claw back lost share in corporate lending

The non-banking finance companies thrived on ample support from global funds and lighter regulations, but they are likely to face greater scrutiny now.

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IL&FS: India dodges a Lehman moment. That was the easy part

It was only when the creature was dead to the markets that the authorities took note of the risk to Indian finance.

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