Bank security

Bad Bank security receipts to secure Center support 30,600 crore

The government will provide a 30,600 crore yen guarantee for security receipts () issued by the proposed bad bank, Finance Minister Nirmala Sitharaman said on Thursday, announcing cabinet approval of the plan. The National Asset Reconstruction Co. Ltd (NARCL) is being established as a bad bank to take over non-performing assets, allowing banks to focus […]

Bank security

Security receipts from the wrong bank to get government backing

The long-awaited ‘bad bank’ – National Asset Reconstruction Company Ltd – has moved closer to commissioning with the Union Cabinet approving a crucial proposal that requires the government to guarantee security receipts (SRs) issued by the Union. NARCL, when purchasing NPA from banks. For starters, the government could allocate 31,000 crore yen in guarantees, sources […]

Bank security

Tesco and TSB have the worst online banking security, according to major survey by consumer watchdog

Tesco and TSB have the worst online banking security, according to major survey by consumer watchdog Tesco Bank, TSB and Santander were found to have the worst loopholes in online security Around £ 207.8million lost to bank transfer scams in the first half of last year, figures show Tesco Bank had the worst rating, which […]