fintech / news / / Business Standard
An IBA committee will look at the issues pertaining to distribution tie-ups of banks for third-party products.
The disinvestment process for LIC and IDBI Bank will continue despite recent reports to the contrary.
KEY POINTS
- An IBA committee will review whether banks should have exclusive or open architecture for third-party product tie-ups.
- Recent government guidance pressures banks to avoid exclusive deals with their own insurance subsidiaries.
- Sitharaman convened a meeting to address new cybersecurity risks posed by Anthropic’s Claude Mythos AI system.
- Indian banks are now instructed to report cyber incidents and coordinate defensive efforts through the IBA.
COMPANIES
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