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Ransomware Attack On Indian Banks

31 Jul 2024

Ransomware Attack Hits 300 Small Indian Banks; ATMs, Transactions Disrupted

The attack, which targeted technology service provider C-Edge Technologies, has disrupted online transactions, including cash withdrawals at ATMs and UPI payments.

16 Sep 2015

Small Finance Bank licence holders start hunt for investors

With RBI granting in-principle approval to 10 entities to operate as Small Finance Banks, many of the successful bidders today said they will start the process of roping in investors.

16 Sep 2015

RBI grants in-principle nod to 10 entities for small banks

The "in-principle" approval will be valid for 18 months to enable these entities comply with the guidelines on Small Finance Banks, RBI said in a statement.

20 Apr 2015

Licences of small, payments banks in a few months: RBI

The Reserve Bank is in the middle of processing over 100 applications for small finance banks and payments banks and may issue licences in a few months, a top central bank official said.

19 Mar 2015

Selective capitalisation may impact smaller banks' growth: S&P

Global ratings agency Standard & Poor's today said the government's move to selectively capitalise state-run banks is a welcome step but may impact the growth of smaller lenders who have been left out.

08 Dec 2014

RBI to clarify on licensing norms for small & finance banks

The RBI Monday said it will come out with detailed clarifications for the benefit of intended applicants on newly-issued guidelines for setting up small finance and payment banks.

13 Nov 2014

RBI to invite applications for small banks by month-end: Rajan

Addressing micro-financiers at a Nabard function here, Rajan also said that microfinance borrowers should be protected from arbitrary loan pricing.

13 Nov 2014

Applications for small banks by month end: Raghuram Rajan

The Reserve Bank of India Governor Raghuram Rajan on Thursday said that the central bank will invite applications for small and payement banks by the end of this month.

30 Sep 2014

Final norms on small, payments banks by November: RBI

The Reserve Bank will issue final guidelines on small and payments banks by end November, aimed at expanding the banking space and paving way for corporates to enter these two segments.

18 Jul 2014

'Small banks will provide big push to financial inclusion'

The RBI said payment banks will need to have a minimum capital of Rs 100 crore as against Rs 500 crore required for full-fledged commercial lenders.

Reserve Bank of India

17 Jul 2014

RBI issues draft norms for small banks, payment banks

A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.

Reserve Bank of India

17 Jul 2014

RBI issues draft guidelines for setting up small, payment banks

The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.

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