Singapore News - UOB will provide its junior employees an extra month of bonus on a one-off basis to help them cope with rising costs of living, joining local peers DBS Bank and OCBC Bank in doing so. Singapore’s third-largest bank will pay the additional bonus to about 6,000 employees. Read more at www.tnp.sg
KATHMANDU, Feb 19: Nepal Rastra Bank (NRB) has enforced the ‘Cyber Resilience Guidelines’ since August 2023 targeting to improve the measures implemented by the banks and financial institutions (BFIs) to safeguard their clients from possible risks to online transactions.
Dr. Vivek Joshi IAS Cyber Security Meet DFS: The meeting took stock of the action points which emerged during the discussion in the last meeting and reviewed the preparedness of the banks and other financial institutions in tackling the challenges arising from cyber security in the financial services sector, increasing trend of digital payment frauds, and readiness of all the concerned stakeholders in this regard.
Singapore News - The 2023 variable compensation for DBS Group Holdings chief executive officer Piyush Gupta and other members of the lender’s group management committee has been cut to hold them accountable for the series of digital disruptions in 2023. Mr Gupta took a deeper cut of 30. Read more at www.tnp.sg
KATHMANDU, Jan 27: Nepal Rastra Bank (NRB) has taken disciplinary actions against six banks and financial institutions for non-compliance with mandatory regulations.