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SBI weighs data leak impact as RBI tells banks to forensically clear tech after a breach
SBI is assessing the impact of a customer data breach and has alerted its cyber insurance provider. The RBI has told banks and payment firms to forensically clear their technology environments and confirm they are safe after any data breach.
Two more rate hikes on the cards, RBI minutes suggest, with a third possible
Minutes of the RBI's October policy meeting suggest the central bank could raise the repo rate two more times, and possibly a third, after its first hike in nearly four years this month.
Rate cuts off the table, RBI minutes show; bond yield climbs to 7.44%
Minutes of the RBI's October meeting show policymakers agreed inflation had worsened enough to warrant higher rates but differed on how much more tightening is needed. Governor Sanjay Malhotra kept the path data-dependent. The 10-year bond yield rose to 7.44%, a three-and-a-half-year high.
Rate cuts off the table: RBI MPC minutes signal hike or pause only
Minutes of the RBI's Monetary Policy Committee, released on Wednesday, show a unanimous 25 basis points hike in the repo rate to 5.50%. The panel said rate cuts are off the table in the near term, leaving a hike or a pause as the options.