ICICI Bank says mobile app malware not a threat to customers

Days after a cyber security firm warned of mobile applications being breached by a malware attack, ICICI Bank on Saturday said that there is no “significant” threat to its customers. “Whatever we have seen, the malware seems to be not very significant,” bank’s chief technology and digital officer B. Madhivanan told reporters over a conference call. Quickheal, a Pune-based cyber […]

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IDFC Bank, Capital First may announce merger today

IDFC Bank and nonbanking financial company (NBFC) Capital First are likely to announce a merger on Saturday, creating a larger institution with about Rs 1.4 lakh crore of assets and nearly 64 lakh customers. The union could also act as a springboard for IDFC Bank looking to quickly grow its assets, said two people familiar with the matter.  "The boards are meeting tomorrow and something […]

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IDFC Bank announces merger with Capital First

IDFC Bank on Saturday announced its merger with non-banking financial company Capital First. The Board of Directors of IDFC Bank Ltd… have considered and approved a composite scheme of amalgamation of Capital First Ltd, Capital First Home Finance Ltd and Capital First Securities Ltd…” IDFC Bank informed the BSE in a regulatory filing. The regulatory filing said the board has […]

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