News and Articles

RBI penalises Axis Bank, HDFC Bank and ICICI Bank

Submitted by smita on Tue, 06/11/2013 - 00:15
Mumbai : The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions.

Axis Bank was fined 5 crore rupees, HDFC Bank 4.5 crore and ICICI Bank, the country's second-largest lender, 1 crore rupees.

The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A)(1)( c ) read with Section 46(4)(i) of the Banking Regulation Act, 1949,

132 Corporate fraud cases reported to Ministry of Corporate Affairs

Submitted by smita on Tue, 05/07/2013 - 22:33
New Delhi : From the years 2009-10 to 2013-14 (till date), 132 cases of fraud/ illegal transaction have been brought to the notice of the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Rajya Sabha today Sachin Pilot, Minister of Corporate Affairs, gave details of the action taken in respect of these cases as follows:

SFIO signs MoU with NIELIT for setting up a forensic lab for investigation of corporate frauds

Submitted by smita on Tue, 05/07/2013 - 21:11
New Delhi : The Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs has signed two Memorandums of Understanding (MoUs) on 18-03-2013 with: (i) the National Institute of Electronics and Information Technology (NIELIT), an autonomous scientific society of the Department of Information Technology, Government of India for setting up a Forensic Lab within SFIO premises in New Delhi.

Defence services establishes CERTs to prevent and react to cyber attacks

Submitted by smita on Tue, 05/07/2013 - 20:21
New Delhi : Defence Minister AK Antony in a written reply to a question informed the lok sabha that, hosting of confidential defence information is governed by strict guidelines. While threats of cyber attacks have increased, adequate safeguards to protect systems through air gapped computers and intranets have been undertaken. Defence Services have established Cyber Emergency Response Teams (CERTs) to prevent and react to cyber attacks.

[PIB]

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