This Company Declares Interim Dividend Of Rs 90 Per Share: Check Details

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Planning

oi-Sneha Kulkarni

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After the company paid an interim dividend, the company’s stock rose more than 3% in the morning session on September 20. For the last five years, the company has had no debt.

Bajaj Holdings said that at their meeting on September 17, the company’s Board of Directors declared an interim dividend of Rs 90 per equity share with a face value of Rs 10 for the fiscal year ending March 31, 2022.

This Company Declares Interim Dividend Of Rs 90 Per Share: Check Details

On September 29, 2021, the record date for deciding which members are eligible for the interim dividend has been set. In an exchange filing, the company stated that the aforementioned interim dividend will be credited/dispatched on or around October 11th.

During its Annual General Meeting on July 22, 2021, Bajaj Holdings & Investment Limited (‘the Company’) declared a dividend of Rs. 40 per equity share, with a face value of Rs. 10 each, for the fiscal year ended March 31, 2021. After deducting the appropriate tax at the source, the abovementioned dividend was credited/ sent to shareholders on July 26, 2021.

Bajaj Holdings Dividend History

TYPE DIVIDEND DIVIDEND PER SHARE EX-DIVIDEND DATE
Interim 900% 90.0 Sept 28, 2021
Final 400% 40.0 Jul 08, 2021
Interim 400% 40.0 Mar 03, 2020
Final 325% 32.5 Jul 11, 2019
Final 400% 40.0 Jul 05, 2018
Final 325% 32.5 Jul 06, 2017

Since June 29, 2001, Bajaj Holdings & Investment Ltd. has declared 23 dividends. Bajaj Holdings & Investment Ltd. has declared an equity dividend of Rs 40.00 per share in the last 12 months.
This converts to a dividend yield of 0.88 percent at the current share price of Rs 4566.85.

Bajaj Holdings & Investment Ltd., founded in 1945, is a Large Cap firm in the Holding Company sector with a market capitalization of Rs 48,956.35 crore. The stock returned 43.57 percent over three years, compared to 55.35 percent for the Nifty 100 index.

Company details

Financial Details Values
Market Cap (Rs. in Cr.) 50477.73
Earning Per Share (EPS TTM) (Rs.) 18.36
Price To Earnings (P/E) Ratio 247.05
Book Value Per Share (Rs.) 1084.87
Price/Book (MRQ) 4.18
Price/Earning (TTM) 213.88
ROCE (%) 2.54
PAT Margin 54.04
Dividend Yield 0.88



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Airtel Payments Bank Unveils ‘Rewards123Plus’ Savings Account With 6% Interest

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Investment

oi-Vipul Das

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Airtel Payments Bank announced the introduction of the Rewards123Plus digital savings account, following the debut of its flagship Rewards123 savings account. Along with the guaranteed perks on an extensive variety of digital transactions, it also provides an annual membership of Disney+ Hotstar Mobile. By using the Airtel Thanks app customers can open or upgrade their old Rewards123 savings account to Rewards123Plus account digitally.

Airtel Payments Bank Unveils ‘Rewards123Plus’ Savings Account With 6% Interest

According to the telecom giant’s announcement, individuals can access Rewards123Plus for an annual subscription of Rs 499 and enjoy a variety of advantages such as:

  • Disney+ Hotstar Subscription 1 Year Disney+ Hotstar Mobile Subscription (worth Rs. 499)
  • Load Money benefit – Flat INR 10 cashback once per month on adding money via UPI (minimum transaction amount INR 1,000)
  • Payment Benefits – Flat INR 30 cashback once per month on payments for mobile prepaid recharges, mobile post-paid, broadband, landline, and DTH bill payments (minimum payment amount INR 225)
  • Interest rate – Rewards123Plus savings account customers will also get 6% interest on balances between INR 1 lakh – 2 lakhs, Zero minimum balance, and unlimited deposits with Auto-Sweep Facility.

Airtel Payments Bank has said in the announcement that “Once the customer has opened or upgraded to Rewards123Plus, they can log in to the Disney+ Hotstar website (https://www.hotstar.com/in) or app using their registered number to activate the subscription. With this subscription, customers can access the wide library of Disney+ Hotstar comprising international and local content in eight languages along with LIVE streams of the biggest sporting tournaments including the upcoming IPL 2021 which starts on September 19.”

Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, acknowledged, “Aligned with our commitment to give assured monthly benefits to Rewards123 customers on digital transactions, we have introduced Rewards123Plus that also meets their entertainment needs. We are delighted to associate with Disney+ Hotstar to offer the subscription benefit to our customers. We plan to add more benefits to our Rewards123 offering in the future.”

How to upgrade to Rewards123Plus digital account?

1. Login to the Airtel Thanks app and go to the banking tab.
2. Click on the Rewards123Plus banner, or scroll down to click on ‘Rewards123 Savings account.’
3. Select Rewards123Plus from the options and make the payment to enjoy the benefits.

Note:

Currently, SBI is offering an interest rate of 2.70%, Axis Bank, HDFC, and ICICI Bank are promising an interest rate of 3 to 3.5% on savings accounts depending on the end-of-day balance or daily reducing balance. Comparing the same rates on savings accounts of Airtel Payments Bank, clearly states which one you should go for when it comes to your short or emergency needs. Even the 6% interest rate on Rewards123Plus savings is much higher than the interest rates on fixed deposits of SBI. Apart from the interest rate, you can open and manage your Rewards123Plus account digitally using the Airtel Thanks app which is a sign of your time-saving.

Story first published: Monday, September 20, 2021, 10:06 [IST]



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4 Best Performing Metal Stocks With Gains Over 200% In The Last One Year

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Adani Enterprise

Sales have decreased by 8.61 percent. For the first time in three years, the company’s revenue has decreased. The stock returned 904.58 percent over three years, compared to 54.72 percent for the Nifty 100. Adani Enterprises Ltd., founded in 1993, is a Large Cap business in the Diversified sector with a market capitalization of Rs 162,799.39 crore.

Since August 27, 2001, Adani Enterprises Ltd. has declared 21 dividends. Adani Enterprises Ltd. has declared an equity dividend of Rs 1.00 per share in the last 12 months. This amounts to a dividend yield of 0.07 percent at the current share price as of (September 18) of Rs 1480.25.

APL Apollo Tubes

APL Apollo Tubes

APL Apollo Tubes, founded in 1986, is a Mid Cap business in the Metals – Ferrous sector with a market capitalization of Rs 23,629.07 crore. APL Apollo Tubes (APL) announced the issuance of bonus shares at a 1:1 ratio, i.e. one free equity share for each share owned by the shareholder.

The stock returned 511.47 percent over three years, compared to 57.43 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 511.47 percent, while the Nifty Metal returned 55.8 percent to investors. APL Apollo Tubes Ltd. has declared 13 dividends since Jan. 24, 2007.

Tata Steel

Tata Steel

Tata Steel Limited, headquartered in Mumbai, Maharashtra, India, is an Indian multinational steel-making corporation centered in Jamshedpur, Jharkhand. The company’s ability to manage through difficult times is aided by its captive mines for the essential raw resource, iron ore. It assists the corporation in improving margins in good times, as it did in the fourth quarter of FY 21.

The stock returned 123.1 percent over three years, compared to 54.72 percent for the Nifty 100. Over a three-year period, the stock returned 123.1 percent, while the Nifty Metal provided investors a 55.8% return.

SAIL

SAIL

Steel Authority of India (SAIL), founded in 1973, is a Large Cap company in the Metals – Ferrous sector with a market cap of Rs 47,563.00 crore. The stock returned 49.06 percent over three years, compared to 54.72 percent for the Nifty 100. Over a three-year period, the stock returned 49.06 percent, while the Nifty Metal returned 55.8 percent to investors.

For the past three years, the company has shown a good profit growth of 39.48 percent. Over the last three years, the company has had a dismal ROE of 6.78 percent. SAIL has a PE ratio of 5.13, which is low and inexpensive in comparison.

4 Best Performing Metal Stocks With Gains Over 200% In The Last One Year

4 Best Performing Metal Stocks With Gains Over 200% In The Last One Year

Company Price in Rs. 1-Year Gains
Adani Enterp. 1,468.80 404.00%
APL Apollo Tubes 939.55 248.34%
Tata Steel 1,322.50 247.60%
S A I L 110.40 201.83%

Conclusion

Conclusion

On the back of soaring aluminum prices, Hindalco’s stock has increased by more than 150 percent in the last year. JSW steel’s earnings were bolstered by higher steel prices, and JSW steel’s shares returned 140 percent in the last year.

Rising metal prices have generated debate about whether the world is entering a commodity cycle or a “supercycle,” a long period of abnormally high prices lasting at least a decade.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. Please consult a professional advisor.



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Investing in Silver; How to Buy Silver in India? Different Investing Options In Silver

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Silver Coins

If you want to buy precious metals for investment rather than to wear, silver coins are ideal because you won’t lose money on transaction fees or have to buy in larger quantities. You can start with as little as one gram and use the accumulated amount to make jewellery in the future if necessary.

Coins, on the other hand, are slightly more expensive than silver bars since they usually have some type of art or picture, as well as labor costs, which are added to the final price.

On the other hand, it has advantages in that it allows you to purchase silver for a very low price. It’s a terrific alternative for employees and business owners who want to save money on a regular basis.

You can accumulate a certain number of coins each month based on your financial capacity, and you can sell them at a later point if you need to liquidate your assets.

Silver Bars

You can put a large sum of money into such silver bars and effortlessly save for the future. Silver bars are in high demand on the market, so you won’t have any trouble selling them later.

You can choose silver bars instead of coins by looking for the greatest bargains in the market from reputable vendors.

Banks are unlikely to sell them since they are big, and banks prefer to sell only packaged coins that have been certified by reputable sources.

Different Investing Options In Silver

Different Investing Options In Silver

Commodity Market- Silver Futures

You can still invest in silver through the commodity market if you aren’t interested in buying physical silver. The investment required will be slightly greater than normal silver, and you will be required to pay a percentage of the contract’s total value.

Silver futures are a simple way to bet on the price of silver growing or falling without the difficulties of owning physical silver. You could even take physical delivery of the silver, though this isn’t the most common motive for futures traders.

Make sure you have enough money to cover any additional costs that may arise as a result of fluctuations in the price of silver on the international market. You can easily sell the futures at a later date before they expire if you make a good profit.

E-Silver, which may be purchased on the National Spot Exchange or Multi Commodity Exchange in the same way as shares and stored in a de-materialized form, is the finest option to invest in silver.

How to Buy Silver in India?

How to Buy Silver in India?

Silver coins and bars can be purchased both online and offline. Silver coins are sold by almost all banks. If you are interested in buying silver in paper form, you can check the MCX website for more details.

Online/Shops

Silver coins from branded jewellers are available from a variety of online popular shops. These offer a variety of imprints (artwork) and dimensions to pick from, as well as savings on orders. The things sold on these websites, on the other hand, are frequently very expensive. The rates will be higher if you buy coins with specific designs on them.

Different Investing Options In Silver

Different Investing Options In Silver

Banks

Customers can acquire silver coins directly from the most reputable banks. They sell certified silver coins and bars, which can be purchased in various weights. If you buy in bulk, you may be charged a processing fee. Prices will be based on current exchange rates, and you may be required to pay a modest premium for the certificate and/or artwork.

MCX

You must use the services of a broker who is a member of the commodity exchange to invest in silver futures. You must pay an initial margin to the broker prior to trading. That is, you must pay a percentage of each transaction you make on the exchange. In general, these futures have minimal margins.

Conclusion

Conclusion

Always keep in mind that the price of silver in India is influenced by worldwide financial markets. Other worldwide markets may experience a surge or decline, depending on the market. And this has a direct impact on silver’s pricing. You must be aware of market fluctuations and manage your investments accordingly.



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Will Gold Prices In India Fall After Sept 22, 2021?

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Gold prices fall after strong US retail data

International gold prices are very sensitive to data coming from the US. Last week, a better than expected retail sales number, pushed gold prices lower by almost 3% in the global markets. In India, gold prices have dropped by nearly Rs 600, and on Monday morning there could be a slight drop once again.

But, the question is what has US retail sales go to do with gold? Well, the belief is that strong economic data would push the US Federal Reserve to reduce its bond buying programme, which in turn reduces liquidity in the global financial system. When liquidity is reduced in the financial system it has a direct bearing on gold prices, which tend to fall. So, therefore high inflation, robust economic data, and great employment numbers from the US is not good news for gold.

US Fed Meeting on Sept 21 and Sept 22, where indications would remain important

US Fed Meeting on Sept 21 and Sept 22, where indications would remain important

The US Federal Reserve will complete its 2-day policy meet followed by a statement. If the statement suggests a hawkish stance, in terms of hiking interest rates going forward, or a more aggressive stance on reducing its bond buying programme, we could see a sharp fall in gold prices after Sept 22. It’s hard to predict, which way the way US Fed would move. But, our own belief is that the US Fed would sound more hawkish, given that economic indicators are good and inflation has been trending higher. This means that gold prices could be softer in the coming weeks. Gold is a safe haven asset and when economic data is good, investors dump gold for equities. One this is certain that after Sept 22, there would be sharp movement in gold prices.

What should Indian investors do now?

What should Indian investors do now?

Spot gold in India has dropped about Rs 600 to Rs 700 in the past 1-week for 22 karats. 22 karats gold rates in Bangalore is around Rs 43,400, while in Chennai 22k gold rate it is Rs 47,700. In Kerala gold rates stands at Rs 43,400 per 10 grams. It’s always hard to predict, which way gold would move from here. But, if you ask us to stick our neck out, we would suggest investors to wait a while as our own belief is that gold prices could fall even lower. We have events like covid now over, there are no risks to the global economy and hence to believe that gold would have a spectacular rally would be far-fetched. Investors are piling money into mutual funds and equities. Having said that if growth risks to the economy remain or geo-political tensions or another health hazard like Covid, gold prices would rally once again, thus fulfilling its tag of being a safe haven asset.

GoodReturns.in



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World Bank’s call to discontinue ‘Doing Business Report’ irks Pakistan, BFSI News, ET BFSI

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The World Bank‘s decision to discontinue ‘Doing Business Report‘ has irked Pakistan as it was confident that the country would make a leap in the next report to improve the current ranking of 108th, Dawn newspaper reported.

Previously, Pakistan progressed 39 places to secure 108th place on the ease of doing business global ranking, in the last two years. According to the Pakistani daily, the companies’ registration through the Securities and Exchange Commission of Pakistan (SECP) has shown a 63 per cent growth.

Fareena Mazhar, Board of Investment (BoI) Secretary said that they were hopeful that the work which they were doing in regulatory reforms would provide an edge in terms of any future mapping criteria. One of the main things that Pakistan was hoping to capitalize on was the promulgation of commercial courts in Punjab province.

Last week, the World Bank Group decided to discontinue publication of its Doing Business report following allegations of irregularities. The decision was taken after a probe of data irregularities due to pressure by some top bank officials to boost China‘s ranking in 2017 came forth.

The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.

“After reviewing all the information available to date on Doing Business, including the findings of past reviews, audits, and the report the Bank released today (Thursday) on behalf of the Board of Executive Directors, World Bank Group management has taken the decision to discontinue the Doing Business report,” it said in a statement posted on the website.

The probe of data irregularities cited ‘undue pressure’ by top bank officials, including then-Chief Executive Kristalina Georgieva, to boost China’s ranking in 2017.

Georgieva, now the Managing Director of International Monetary Fund, and a key adviser pressured staff to ‘make specific changes to China’s data points’ and boost its ranking at a time when the Bank was seeking China’s support for a big capital increase.



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Several NPAs transferred to bad bank may head to liquidation, cost govt a bomb, BFSI News, ET BFSI

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The government has announced the setting up of National Asset Reconstruction Company Ltd with much fanfare and committed over Rs 30,000 crore guarantee for bad assets acquired by it, but it may be used up soon, going by the initial assets going by the list of assets proposed to be transferred to the bad bank.

Banks have identified Rs 82,496 crores worth of bad loans that could be transferred to the NARCL, which includes the following companies.

COMPANIES TOTAL BAD LOANS
Videocon Rs 22,532 crore
Reliance Naval & Engineering Rs 8,934 crore
Amtex Auto Rs 9,014 crore
Jaypee Infratech Rs 7, 950 crore
Castex Technologies Rs 6,337 crore
GTL Ltd Rs 4,866 crore
Visa Steel Rs 3,394 crore
Wind World India Ltd Rs 3,161 crore
Lavasa Corporation Rs 1,424 crore
Consolidated Construction Consortium Ltd Rs 1,353 crore

Also read: NARCL will empower lenders, but recovery from 26 accounts is not easy, industry says
Several assets such as Videocon have seen realisable value close to liquidation value in National Company Law Tribunal proceedings. Many big-ticket resolutions at Insolvency and Bankruptcy Code have seen haircuts over 90%. With most of the NPAs proposed to be transferred to the bad bank being old legacy ones, there has been an erosion in value, making them more likely to head to liquidation.

Lavasa Corporation has got bids worth Rs 700 crore for loan claims of over Rs 8,000 crore at NCLT.

Several NPAs transferred to bad bank may head to liquidation, cost govt a bomb

Close to liquidation

Though banks have made 100% provision for these assets, even Rajkiran Rai, chairman of Indian Banks Association, and MD & CEO of Union Bank of India does not expect more than 20-25 per cent recovery from these legacy accounts, he told a television channel.

The State Bank of India has identified NPAs with Rs 17,000-18,000 crore outstanding to be transferred to the NARCL, while Punjab National Bank has identified Rs 8,000 crore worth of NPAs, Union Bank of India Rs 7,800 crore of NPAs to be transferred to the National ARC. The Bank of India has identified about Rs 5,500 crores of assets for transfer while Indian Bank about Rs 1,900 crore.

“I am not hopeful. Because these are bad assets. Finally, all these will go under liquidation,” Siby Antony, chairman of the ARC Association of India.

The bad bank

Finance Minister Nirmala Sitharaman announced a Rs 30,600 crore government guarantee for the National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets, paving the way for operationalisation of the bad bank.

Also read: Finance Minister Sitharaman announces bad bank, Cabinet approves backing of up to Rs 30,600 crore

The finance minister in Budget 2021-22 announced the setting up of a bad bank as part of the resolution of bad loans worth about Rs 2 lakh crore.

The bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts (SRs). The government guarantee would be invoked if there is a loss against the threshold value.

Also read: What are NARCL and IDRCL? How do they work and what is the plan?

This sovereign guarantee would be for a period of five years and NARCL would have to pay a fee for this.

“The SRs are getting the backstop through government funding only in as much as to pay the gap between the realised value (resolution/liquidation) and the face value of SRs and this will hold good for five years,” Sitharaman said.

The fee for the guarantee would be initially 0.25 per cent, which would progressively increase to 0.5 per cent in case of delay in resolution of bad loans.

Click here to read more stories on banking



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Reserve Bank of India – Press Releases

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Key solutions to avoid delay in Corporate Insolvency Resolution Process, BFSI News, ET BFSI

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Delay in resolving the bad debt of companies have led to disruption of assets for all parties, experts say. According to data, of the ongoing cases, 75% have already exceeded 270 days and took more than 400 days on average.

The Supreme Court also expressed its concerns in its ruling recently, and ordered that the corporate insolvency resolution process (CIRP) should not exceed more than 330 days.

Also read: Delay in resolutions raise questions on IBC regime

There is a need to remember the very essence of the Insolvency and Bank Code – timely resolution. To avoid delay and make CIRP faster, Ashok Paranjpe, managing partner at legal firm MDP & Partners, gives three solutions :

1. Preventing delay in admission of cases

One of the main reasons for delay in CIRP is at the root of it, admission of cases, he says. When it takes time to admit cases, the company remains under the control of the defaulting owner enabling value shifting, data transfers and funds diversion.

The adjudicating authority must make sure that the case is admitted within the stipulated time period of 14 days from the filing of the application. The abuse of the provision under Section 12 of IBC has led to delay in adjudicating the pending matters under National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). Additionally, any successful bidder should not be permitted to suggest changes to any scheme approved by the committee of creditors and the adjudicating authority.

2. Professional code of conduct for the committee of creditors

According to Paranjpe, there is an urgent need to have a professional code of conduct for the committee of creditors, which will highlight specific duties and powers to take decisions on resolution plans, selection of the interim resolution professional and resolution professional.

3. Experienced and trained members of NCLT and NCLAT

It has been observed that very often orders passed by NCLT are appealed against to the NCLAT and ultimately the Supreme Court due to the lack of quality decisions from the judicial members of the adjudicating authorities. Recently, the Centre cleared appointments of 18 members to various tribunals in India, owing to the growing criticism over delays in filling up vacancies in NCLT.

Click here to read our coverage on IBC



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Rapid digitisation of banks invites cyber risks as well. What are the risks, and what should banks do?, BFSI News, ET BFSI

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-By Ishwari Chavan

The banking sector has always been victim of cyberattacks, and with COVID-19, it has become more vulnerable. Cyberattacks against banks and financial institutions across the globe increased to 238% between February 2020 and April 2020, according to VMware Carbon Black.

According to the Indian Computer Emergency Response Team (CERT-In), over 2.9 lakh cyberattacks related to digital banking were reported in 2020. A total number of 1,59,761; 2,46,514 and 2,90,445 cyber security incidents related to digital banking were reported during 2018, 2019 and 2020 respectively. These incidents included phishing attacks, network scanning and probing, viruses and website hacking.

Year Number of cyber security incidents
2018 1,59,761
2019 2,46,514
2020 2,90,445

Source: Indian Computer Emergency Response Team

“The kind of security threats that we see whether it is a remote mirroring of applications, localization of your data stores in your mobile, hijacking of your sessions, social engineering attacks, all of those are very easy things to do. You don’t need real hackers to do that, smart people can do this too. That’s what has happened in the banking sector where we’ve seen a lot of increase in fraud, whether it’s on the UPI side or the traditional payment side,” said Ramesh Lakshminarayan, chief information officer at HDFC Bank.

According to Heeral Sharma, senior cyber security advisor at McAfee, three challenges must be tackled to ensure cyber safety. First is the challenge of internal IT security, second is digitization of applications and of critical data such as payments and personally identifiable information (PII), and third are cloud native threats.

What are the risks?

More and more individuals are now accessing their bank accounts through banks’ mobile apps. Many of these apps, and even customers, tend to have minimal or no security, such as users keeping easy passwords or banks keeping minimum password checks for transactions.

“The cloud threats in the BFSI segment increased by 571%, which is huge. The reason is simple, the network boundaries are no longer defined. It’s all borderless. So the attackers have found out new ways to get in and penetrate at times even by using legitimate credentials.” said Sharma.

Cyber security infrastructure as a whole needs an upgrade. Banks need to rightfully utilise their cyber security budget to help advance their technology and detect all kinds of risks.

As banks have upgraded their cyber security, attackers have turned to shared banking systems and third-party networks to gain access. In case, these are not as protected, there is more risk for cyberattacks.

Even for cryptocurrency, hacks have become more advanced as the segment is still unsure on how to implement cyber security.

What should banks do?

Banks should prioritise investing in cybersecurity and build a resilient infrastructure, to address current cyber security threats and prepare for challenges in the future.

“When we talk about digital we talk about investments. Our investments will also go into the cybersecurity segment as we move towards digitization. There should not be any compromise as far as the data securities and the Data Protection Service securities are concerned,” said Upma Goel, chief financial officer at Ujjivan Small Finance Bank.

Sharma stressed on how data protection requires a completely different approach so that banks are aware on what’s happening in the cloud. “Data protection, threat protection and network security model all built in together will provide a better approach and also take care of the complexity in the multi state and collaborative environment,” she said.

“If you look at the entire security landscape, right from an employee experience to the customer experience to our own, huge disruptions are happening in the area,” Lakshminarayan said. Banks are required to reimagine some of their own technology and adapt to a three-year or four-year journey, he added.

The article is based on the panel discussion on: Fireside Chat on Bankers Chariot, Riding on Tech that took place at ETBFSI CXO conclave



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