RBI curbs on Maharashtra cooperative banks bring to fore risks in deposit insurance system | Mumbai News – The Times of India

MUMBAI: Cooperative banks continue to be the weak link in the country’s deposit insurance system, accounting for most claims despite contributing only 5.6% of the total deposit insurance premium.Since More...

Ransomware strike hits bank services: 200+ cooperative, rural banks face outage after malware attack – Times of India

MUMBAI: More than 200 cooperative and regional rural banks are experiencing outages because of a ransomware attack. Following the attack, the National Payments Corporation of India disconnected their core banking More...