Banks to Meet UDAI Chairman Nilekani
by CXOtoday Staff    Dec 31, 2009
Category : News & Analysis
Technology : Infrastructure
The Indian Banks' Association (IBA) is working on combining the unique identification project (UID) with the financial inclusion projects of banks. The IBA recently held a meeting of bankers in Mumbai to discuss, among other things,...
10K Cap on Third-Party ATM Withdrawal
by CXOtoday Staff    Aug 21, 2009
Category : News & Analysis
Technology : Infrastructure
The Reserve Bank (RBI) has fixed third-party ATM withdrawal at Rs 10,000 each time they are used and the number of such transactions to five a month. RBI, which had made third-party ATM transactions free from April this year, has informed...
IBA to Develop Data Pool Consortium for Basel II
by Sonal Desai    Apr 26, 2007
Category : News & Analysis
In a bid to help banks quickly comply with Basel II standards, Indian Banks Association (IBA) is developing a data pool consortium of loss data to measure operational risk and credit risk data for Loss Given Default (LGD) and Exposure at...
Bank Security: A Pandora's Box?
by Hanil Manghani & Sunil Kumar    Jun 23, 2006
Category : News & Analysis
While bank customers heave a collective sigh of relief - thanks to the advent of convenience banking, banks find themselves grappling with associated issues like internet-enabled crimes, identity theft and frauds, demands placed by compliance,...