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
Hyperloop concept was first released in 2013 by Tesla and SpaceX's Elon Musk as an alternative to high-speed rail
The company brings its global campaign to India, looks for trust and a way to grow its business in the country
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
With future prospects being difficult to predict, hiring for a short period is proving to be cost-effective
Puri has been at the helm of the bank since its inception in 1994.
Currently, Housing.com makes Rs 1.2-1.5 crore a month, against a burn of Rs 10.05 crore.
Sequoia Capital might emerge as leading global investor in start-up space in the country, as funds from other sources dry up.
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
Most institutions have decided to blacklist Grofers from participating in any placement programmes.
This comes at a time when competition has increased significantly.
New SDR norms allow promoters to manage debt-laden firms.
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