Page 22 - BANKING FINANCE November 2018

ew n ia Co o ank r an Co ank ill o i le en ore ankin
o onths a ter Cos os ank eca e icti o a c er attack in hich hack
laun e ara ill a
ers si honed o o er Rs crore the R
en Ser i e has co e out ith ne nor s to scale u the
Scheduled Multi state ank e n c er securit and resilience ra e ork at
dia Coo erati e ank introduced the ur an coo erati e anks C s ll
harat ill a ent Ser ices that C s should i ediatel ut in lace a C er
allo custo ers to a utilit ills at Securit olic dul a ro ed their oard
an o the ank s ranches d inistrator gi ing a ra e ork and the strateg containing a suita le a
roach to check c er threats de ending on the le el o co le it o usiness
hough the st M held earlier at
and acce ta le le els o risk the a e ank said in a circular
harati a id a ha an in Mu ai
concluded that C s net ro it has he circular titled asic C er Securit ra e ork or ri ar r an Coo
decreased to Rs cr ro Rs erati e anks C s urther noted that it has eco e essential to enhance
cr o last ear it did not deter
the securit o such anks ro c er threats i ro ing the current de
the ank ro taking u se eral ini
ences i en that the countr oasted o er C s ith de osits aggre
tiati es to increase retail lending and
gating Rs lakh crore as on March and the role the la in ush
these included introduction o auto
ing inancial inclusion this is a uch needed o e on the art o the a e ank
ricksha loans aggressi e ricing or
t is o ser ed that the le el o technolog ado tion is di erent across the anks
ho e loans and launching o a s e
in this sector so e anks o ering state o the art digital roducts to its cus
cial sche e or t o heeler loans
to ers and so e anks aintaining their ooks o account in a standalone
De osit and ad ances ha e also de
co uter and using e ail or co unicating ith its custo ers su er isors
creased he de osits o the ank as
other anks ence it has een decided to issue asic c er securit guidelines
on March ere Rs
a lica le to all C s it added
Crore as against Rs Crore as
on March he net decline n earl ugust addressing an e ent organised ujarat r an Co o erati e
is Rs Crore i e he anks ederation R De ut o ernor S ish anathan had clai ed to e
ank s d ances ort olio decreased orried a out the s aller C s he argu ent that ado tion and i le
to Rs Crore as on March entation o increases the cost o o erations is not acce ta le ecause
ro Rs Crore as on
ena led o erations are a necessit to e rele ant in the arket lace and at
March he net decrease is
the sa e ti e one needs to do hat it takes to ensure sa et o de ositors
Rs Crore i e ac
he had e lained adding t is a atter o concern that there are still
cording to the re ort u lished on
C s hich ha e et to ull i le ent C S core anking solutions and ha e
the e site
also not a ailed the assistance eing ro ided Reser e ank in this regard
22 | 2018 | NOVEMBER | B N N N N E