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Stocks to watch: Shares of firms like Tata Chemicals, RVNL, Adani Power, UCO Bank, RITES, Jana SFB, and others will be in focus on Tuesday's trade. ....
The Indian financial system, recovering from a history of bad loans, faces new challenges as banks grapple with technology pitfalls. Kotak Mahindra Bank Ltd. was recently penalised for security deficiencies, highlighting broader risks of fraud and system vulnerabilities in the digital age. Regulatory scrutiny intensifies amid concerns about financial stability and cybersecurity in the evolving landscape of digitisation. ....
Uco Bank plans a Rs 1000 crore investment in digitalization and IT upgrades, a 43% increase from last year. Managing Director Ashwani Kumar aims to leverage digital advancements for cross-selling and income growth. The bank will enhance overseas core banking, cybersecurity, and treasury IT systems, separate from addressing previous technical glitches. Expansion includes opening 130 new branches this fiscal year. ....
UCO Bank aims to bring down gross NPA to below ₹6,000 crore by fiscal-end thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.