Company Overview and News

No blanket removal of free services by banks from January 20: Indian Banks#39; Association

2018-01-10 moneycontrol
The Indian Banks’ Association (IBA) has clarified that there is no ban on any free services that banks are looking at and services will continue as they are at present.
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Virtusa’s Smart ATM Solution Recognized at The International Business Awards

2018-01-10 lankabusinessonline
“The continuing evolution of digital banking has caused banks to examine the traditional ATM as an alternative channel for sales and marketing. Banks have realized they can drive cross-selling and more personalized services through ATMs, which continue to remain a top interaction point for most customers,” said Bob Graham, global solutions head, Banking and Financial Services, Virtusa. “Banks have the opportunity to leverage browser-based ATMs to offer select similar services and capabilities that exist in their online or mobile channels.
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IBA lists measures to reduce financial stress of telecom companies

2017-12-07 moneycontrol
In an attempt to unburden stressed telecoms, the Indian Banks’ Association (IBA) has suggested refund of telecom operators' excess advance payment for surrendered spectrum as well as letting go of deferred payment liabilities on airwaves.
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Let telcos undergoing debt restructuring surrender spectrum: IBA to DoT

2017-12-06 business-standard
As the telecom sector continues to experience severe stress, the Indian Banks' Association (IBA) has sought to allow mobile operators undergoing restructuring as part of the Reserve Bank of India's (RBI) schemes to surrender liberalised spectrum and refund any excess upfront payment associated with such spectrum.
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Big 4 accounting firms on IBA#39;s list of forensic auditors

2017-09-18 moneycontrol
The Big 4 auditors -- KPMG, EY, Deloitte and PricewaterhouseCoopers -- figure in the list of entities that have been empanelled by the Indian Banks' Association (IBA) to do forensic audit of frauds in banks.
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Azeri Rulers Accused of $3 Billion Money-Laundering Scheme - Bloomberg

2017-09-05 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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Infinite Computer Solutions wins two Stevie Awards® in 2017 International Business Awards(SM) Including Company of the Year and Executive of the Year

2017-08-16 prnewswire
ROCKVILLE, Md., Aug. 16, 2017 /PRNewswire/ -- Infinite Computer Solutions was named a two-time winner of the Stevie® Awards, winning Silver in the Company of the Year – Computer Services category and Amit Srivastav, President of Technology Solutions, winning Bronze in the Executive of the Year – Computer Services category in The 14th Annual International Business Awards.
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vArmour Continues to Showcase Innovation and Momentum with its Unique Security Solutions

2017-08-15 marketwired
MOUNTAIN VIEW, CA--(Marketwired - Aug 15, 2017) - vArmour, the leading data center and cloud security company, was recognized by the International Business Awards as a Gold Stevie® Award Winner for DSS Deception in the Best New Product or Service of the Year category and was also the recipient of a Bronze Stevie® Award for Marketing Department of the Year.
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Downward power tariff revision may lead to more bad loans: IBA

2017-08-14 moneycontrol
Indian Bank's Association (IBA) has sought the power ministry's intervention to ensure that electricity tariffs are not renegotiated as that would hurt economic viability of projects and may lead to rise in bad loans.
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Daniel G. Watts Elected Chairman of the Illinois Bankers Association

2017-06-28 prnewswire
SPRINGFIELD, Ill., June 28, 2017 /PRNewswire-USNewswire/ -- Daniel G. Watts, President of Forest Park National Bank, was inducted on June 23 as Chairman of the Illinois Bankers Association (IBA) during the organization's Annual Conference in Nashville, Tenn.
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Banks not yet prepared for GST rollout: IBA to Parliament panel

New Delhi : With less than a month left for the rollout of the GST, the Indian Banks’ Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.
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B.C. tax rebates for big banks and big business heat up election

The B.C. New Democrats are calling for an investigation into the province's controversial "International Business Activity" (IBA) program, calling it "a shady giveaway scheme."
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Court ruling reveals big bank claimed $2.8 million B.C. tax refund

A British Columbia court decision has exposed a controversial tax rebate program for international businesses aimed at luring companies to the province, ostensibly to create jobs and turn Vancouver into a global financial hub.
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Court ruling reveals big bank claimed $2.8 million B.C. tax refund

A B.C. Court of Appeal ruling lifts the veil of secrecy on a controversial tax rebate program for international businesses in B.C. and provides a glimpse into a multi-million dollar tax refund offered to one of the companies.
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Is B.C. an international financial hub or corporate tax haven?

Former finance minister Colin Hansen says if not for the International Business Assistance Program, Vancouver would not be the global financial hub it's become today. (Canadian Press)
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