Cyberattack vulnerability in Asia-Pacific’s financial sector is double the global average due to inadequate cybersecurity investments. With the introduction of the “bank.in” domain by the RBI, banks face increased risks during the migration process. Increased phishing attacks and data breaches underscore the need for robust cybersecurity measures.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs