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Allahabad HC orders CBI probe against seven banks for loans to defaulter firm

The Allahabad High Court has directed the CBI to probe how seven banks sanctioned multiple loans to a company despite knowing that it had defaulted in the payment of its previous loans."Simbhaoli Sugars, the company based in Uttar Pradesh, ...
Uttar Pradesh Justice Mahesh Chandra Tripathi Justice Prashant Kumar Allahabad High Court Punjab National Bank Non Performing Asset

RBI Says Banks, Financial Institutions Should Safeguard Banking Security

In view of the cybersecurity risk posed to the banking sector, Reserve Bank of India Executive Director Rohit Jain on Monday asked banks and financial institutions to adequately resource the banking security structure. RBI Says Banks, Financial Institutions Should Safeguard Banking Security.
Central Bank Deputies Central Bank Governors Monetary Policy Information Technology Enabled Services Reserve Bank India Executive Director Rohit Jain

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RBC connects with Plaid

During a time when Canadians' appetite for digital services continues to increase, RBC and Plaid are pleased to announce a new data access agreement that will empower RBC clients with the option to share their financial data securely via a direct application programming interface (API) with the thousands of apps and services of their choice on the Plaid data network.
Ginger Baker Peter Tilton Chief Digital Officer Commercial Banking Prevention Month Poll Financial Access

Royal Bank Of Canada (RBC) And Envestnet Data And Analytics Announce Agreement To Provide Clients With Greater Control Over Their Financial Data - For The First Time, More Than 14 Million RBC Clients Have Direct Connection To Envestnet

<p><span>RBC is pleased to announce a data access agreement with Envestnet | Yodlee, a leading data aggregation and analytics platform, to address the needs of an increasingly digital customer base. The agreement allows RBC clients to better manage their finances and build wealth by connecting to and sharing their RBC financial information with more than 1,500 third-party applications powered by the Envestnet | Yodlee platform.</span></p>
Envestnet Yodlee Farouk Ferchichi Peter Tilton Fraud Centre Chief Digital Officer Commercial Banking

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