RBI data centre to strengthen payment systems, cyber resilience — Latest developments in the financial news sector highlight key shifts reported by et-banking-finance. Overview and Key Highlights The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also i...

PNB aims to bring cost-to-income ratio below 50% this fiscal, 45% by FY29: MD Chandra — Latest developments in the financial news sector highlight key shifts reported by et-banking-finance. Overview and Key Highlights Punjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to further decrease it to around 45 percent by ...

RBI alert about AI-driven cyber risks, banks taking steps to plug vulnerabilities: Governor — Latest developments in the financial news sector highlight key shifts reported by et-banking-finance. Overview and Key Highlights RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intelligence in banking systems. Measures are being implemented by banks a...

RBI tightens leverage ratio rules, keeps minimum capital thresholds unchanged — Latest developments in the financial news sector highlight key shifts reported by et-banking-finance. Overview and Key Highlights The RBI has tightened how banks calculate leverage by widening the measurement of derivatives, repo transactions and off-balance-sheet exposures, while retaining the minimum ratios at 4% ...

In a major relief for India Inc., the Ministry of Corporate Affairs (MCA) has officially extended the deadlines for submitting annual financial statements and returns for the fiscal year 2025-26. The decision comes in the wake of recurring technical hurdles and challenges faced by stakeholders while navigating the MCA 21 portal, allowing businesses crucial breathing room for their regulatory compl...