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How fintech revolution may have opened the floodgates to fraud

Transactions are faster, but more complex. Regulatory sanctions against Kotak Mahindra Bank weren’t the first they won’t be the last

Kotak mahindra bankKotak mahindraReserve bankUco bank

Stocks to Watch: Tata Chemicals, RVNL, Adani Power, UCO Bank, RITES, Jana SFB, and Others

Stocks to watch: Shares of firms like Tata Chemicals, RVNL, Adani Power, UCO Bank, RITES, Jana SFB, and others will be in focus on Tuesday's trade.

Uttar pradeshNew delhiVikas nigamAdani wilmarBrijesh kumar guptaPoonawalla fincorpKashish bansalKavindra mishraNuvoco vistas corporationSouthern railwayGreenpanel industriesTata groupFino payments bankAdani energy solutionsBangladesh railwayIndian oil corporation

View: The Indian banks tech you love is a banana peel for RBI battling potential scams

The Indian financial system, recovering from a history of bad loans, faces new challenges as banks grapple with technology pitfalls. Kotak Mahindra Bank Ltd. was recently penalised for security deficiencies, highlighting broader risks of fraud and system vulnerabilities in the digital age. Regulatory scrutiny intensifies amid concerns about financial stability and cybersecurity in the evolving landscape of digitisation.

West bengalAnand venkatanarayananPiyush guptaKotak mahindra bank ltdBank ltdGroup holdings ltdKotak mahindra bankVisa incReserve bankLast novemberState bankHoldings ltdChief executive officer piyush guptaUnified payments interfaceNew delhi basedKotak bank ban

Uco Bank: Scam-struck UCO Bank lines up Rs 1,000 cr investment for digitisation drive

Uco Bank plans a Rs 1000 crore investment in digitalization and IT upgrades, a 43% increase from last year. Managing Director Ashwani Kumar aims to leverage digital advancements for cross-selling and income growth. The bank will enhance overseas core banking, cybersecurity, and treasury IT systems, separate from addressing previous technical glitches. Expansion includes opening 130 new branches this fiscal year.

West bengalAshwani kumarUco bankDigitisation driveCyber securityCore banking solutionUco bank imps

UCO Bank aims to bring down gross NPA to below ₹6,000 crore by fiscal-end

UCO Bank aims to bring down gross NPA to below ₹6,000 crore by fiscal-end
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West bengalAshwani kumarUco bankImmediate payment serviceManaging directorChief executive officer ashwani kumar

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