Infy arm relies on core banking solution

Finacle, banking product unit of Infosys, is banking on financial inclusion and adoption of core banking solution by regional rural banks as big growth driver to draw more revenues from domestic......

PNB likely to face teething problems while upgrading system

Upgradation to the new product (from Infosys) will stabilise by this month-end Hit by a Rs 11,000-crore fraud, government-owned Punjab National Bank (PNB) has finally moved to integrate the SWIFT......

RBI tells finmin that PNB misled it on SWIFT migration

‘PNB had confirmed compliance with the RBI’s prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,’ Minister of State for Finance......

How did Nirav Modi pull off PNB fraud?

Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business.In fact, he did a tidy job of it, but his operation started to see the ground......