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  Hackers hit bank. Is your money safe anywhere?

  Hackers stole personal information from millions of JPMorgan Chase customers this summer, in one of the biggest breaches of a financial company. The bank says only non-financial data was taken — names, ...

  Associated Press

BS

Sept 14

Banking sector revives Lehman fears Fact that interest rates are firm, inflation high, liquidity conditions tight and currency exchange rate volatile isn't helping Xcerpts> <It's a tough summer for India's financial services sector. Lower profits, muted loan demand and a rise in bad assets have raised fears of a Lehmanesque crisis in the banking sector. And, the fact thatinterest rates are firm, inflation high, liquidity conditions tight and the currency exchange rate volatile isn't helping. "While the context is different, the nature of risks is similar," says Dhananjay Sinha, co-head (institutional research), economist and strategist at Emkay Global Financial Services, while comparing the stress in the Indian financial services sector to the collapse of US investment bank Lehman Brothers Holdings in 2008.>

Rupee strengthens marginally Concerns of QE3 tapering still remain strong

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BL

Time to go beyond numbers

Finance and accounting professionals need soft skills and IT competence too, to stay relevant. »

<> Impulsive reaction: The thrust of the write-up, - call it an anaytical exposition or by some other description, -is, as largely understood, prima facie confined to financial functions exclusively in relation to any business.commercial adventure e.g. dealing in goods, or services or the like; not to a case where the business itself is in the field of finance (i.e. financing)- that is, typically banking business. As such, if financing is the business itself, it is a completely different approach and analysis that might be called for. On that prmise, the ideas, clues, suggestions, etc., aired may not fit in (hold good) so as to fix up for "financing". Calling experts to specially explore !

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ICL

RBI releases discussion paper on banking structure in India

 press release dated February 22, 2013 (covered here). It was stated in the guidelines that there was a need for an explicit policy on banking structure in India, keeping ......

 discussion paper on August 27, 2013. The discussion paper identifies certain building blocks for the reorientation of the banking structure to address various issue .....