?Adopt Aadhaar for card-based deals?
To ensure security in card-based payment transactions taking place at point of sale (PoS) terminals or at ATMs, the RBI on Tuesday advised banks that they may adopt Aadhaar as additional authentication or move to EMV chip and pin technology. ?In respect of cards, not specifically mandated by the RBI to adopt EMV norms, banks may take a decision whether they should adopt Aadhaar as additional factor of authentication or move to EMV chip and Pin technology for securing the card present payment infrastructure,? said RBI.
IFCI gives R92 crore dividend to govt
IFCI on Tuesday said it handed over a cheque of R92.30 crore to the government towards the
dividend for the financial year 2012-13. ?S B Nayar, CEO & MD, IFCI handed over a cheque for R92.30 crore to finance secretary, Rajiv Takru towards the
dividend for the Financial Year 2012-13,? it said.
This is the first dividend paid by IFCI to the government after the company became government-controlled.
The government holds 55.53% stake in IFCI?s paid up equity. The company had posted net profit of R497.36 crore in 2012-13.
?Ethics impediment to career growth?
The financial services industry recognises the importance of ethics at work but a majority of the executives feel that strict adherence to ethical standards hampers their career progression, claims a global survey. The Economist Intelligence Unit?s survey, released on Tuesday, also found that 9% of the executives feel that aspiring to a globally recognised set of ethical standards would make the financial services industry more resilient.