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Tech Panacea for NPAs and Frauds

Sandeep Anandampillai, Co-Founder & CPO, Crediwatch feels that RBI’s directives for risk management coupled with cutting-edge technology could provide the silver lining for banks plagued by bad accounts and loan fraud 

Sandeep Anandampillai, Co-Founder & CPO, Crediwatch feels that RBI’s directives for risk management coupled with cutting-edge technology could provide the silver lining for banks plagued by bad accounts and loan fraud      As per the Reserve Bank of India’s (RBI) Financial Stability Report of July 2020, the gross NPA …

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Union Bank of India achieved another Key Milestone with IT integration of all branches of erstwhile Corporation Bank

On this achievement, MD& CEO of Union Bank of India, Shri Rajkiran Rai G said, “We are extremely delighted to achieve complete integration of all e-CB branches, and delivery channels.

Mumbai – 30thNovember, 2020: State owned Union Bank of India has achieved another key milestone under the amalgamation process of three banks. With today’s IT Integration, all branches of erstwhile Corporation Bank (including service branches and specialized branches) have been fully integrated with Union Bank of India.   All customers of …

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ACI Worldwide Launches Fraud Managementin the Cloudto Protect Against Threat of UPI Payments Fraud

Indian banks and financial institutionscan monitor UPI payments fraud and quickly set upadvanced transaction monitoring rules with a highlyflexible andscalable SaaSsolution

Indian banks and financial institutionscan monitor UPI payments fraud and quickly set upadvanced transaction monitoring rules with a highlyflexible andscalable SaaSsolution ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced ACI Fraud Management in the cloudenablesIndian banks to protectthe rapidly growing number of Unified …

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NTPC ties up JPY 50 billion funding from JBIC

The loan agreement was signed by Shri Anil Kumar Gautam, Director (Finance), NTPC and Mr. TANIMOTO Masayuki, Managing Executive Officer, Global Head of Infrastructure & Environment Finance Group, JBIC through video conferencing.

In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer today entered into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million …

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VIGILANCE AWARENESS WEEK AT UNION BANK OF INDIA

Today at Central Office of Union Bank of India, Shri Rajkiran Rai G, Managing Director & CEO administered Integrity Pledge to all the Senior Executives of the Bank through digital mode. On this occasion an e-learning certificate course on Preventive Vigilance was also inaugurated by the MD & CEO.

Union Bank of India is observing Vigilance Awareness Week from 27th October to 2nd November on the theme, “Vigilant India, Prosperous India” envisaged by the Central Vigilance Commission. Various programmes / webinars are scheduled by the Bank for creating awareness among youth, employees, their family members, BCs and the public at …

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HDFC launches myPrayer app for Vaishno Devi Temple

Shri Mata Vaishno Devi Shrine Board has launched its myPrayer app powered by HDFC Bank. Coming from HDFC Bank's myApps range of services, the app will allow devotees to watch live Darshan and Aartis, make donations and have Prasad delivered at your doorstep from the comfort of their homes.

App to provide live darshan and donation facility to devotees due to restrictions on travel due to the Covid-19 pandemic Shri Mata Vaishno Devi Shrine Board has launched its myPrayer app powered by HDFC Bank. Coming from HDFC Bank’s myApps range of services, the app will allow devotees to watch …

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