Latest news with #Risk
Time of India
2 days ago
- Business
- Time of India
Home loan EMIs continue to fall: 7 banks cut home loan interest rates after RBI cut repo rate in June
Impact of RBI rate cut on home loan borrowers 2. SBI home loan rates 3. Union Bank of India home loan rates 4. Canara Bank home loan rates 5. Punjab National Bank (PNB) home loan rates Bank Old Rate New Rate Effective Date Indian Overseas Bank 8.85% 8.35% 12-Jun-25 State Bank of India 8.25% + CRP 7.75% + CRP 15-Jun-25 Union Bank of India 8.75% (approx.) 8.25% (approx.) Jun-25 Canara Bank 8.75% 8.25% 12-Jun-25 Punjab National Bank 8.85% 8.35% 9-Jun-25 Bank of Baroda 8.65% 8.15% 7-Jun-25 Bank of India 8.85% 8.35% 6-Jun-25 Several major banks have reduced their External Benchmark Lending Rates (EBLR) or Repo Linked Lending Rates (RLLR) following the Reserve Bank of India 's 50 basis point (0.50%) repo rate cut in June 2025. This translates into lower home loan interest rates for borrowers who have taken or are planning to take floating rate loans which are linked to repo repo rate actions have a direct impact on home loan interest rates that follow Repo Linked Lending Rates (RLLR), an external benchmark linked rate which is linked to repo rate. A lower repo rate translates into a lower RLLR, which means that consumers will pay less in interest over the course of the loan term and have fewer EMIs (equivalent monthly installments) if they continue to pay existing EMIs despite a rate cut. If borrowers want to go lower EMIs then they can keep the tenure same and pay a lower EMI. However, borrowers should note that lower EMI will be applicable only on the reset date of the loan tenure which is usually once in three read: Public vs private banks: Which of these offers the cheapest home loans now after RBI's 50 bps repo rate cut? Here are banks that have cut their Repo-linked lending rate after the RBI rate cut in Overseas Bank has announced the reduction of Repo Linked Lending Rate (RLLR) by 50 basis points from 8.85% to 8.35%, effective from June 12, State Bank of India (SBI) has revised its Repo Linked Lending Rate (RLLR) with effect from June 15, 2025, in response to the RBI's recent 50 basis point (0.50%) cut in the repo rate. The latest RLLR: 7.75% + Credit Risk Premium (CRP), according to the SBI RLLR: 8.25% + Credit Risk Premium (CRP).The Union Bank of India has reduced both the External Benchmark Lending Rate (EBLR) and the Repo Linked Lending Rate (RLLR) by 50 basis points, bringing its EBLR down to 8.25% (comprising the new repo rate of 5.50% plus a spread of 2.75%).According to a press release from the bank, 'Following the Reserve Bank of India's reduction in the policy repo rate by 50 basis points, Union Bank of India has revised its key lending rates w.e.f. 11.06.2025. These changes include downward revision of External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) by 50 basis points. With this move, Union Bank of India has completely aligned its EBLR and RLLR with the recent RBI rate cut which will be beneficial to new and existing Retail (Home, Vehicle, Personal, etc.) and MSME borrowers.'Canara Bank has reduced its Repo Linked Lending Rate (RLLR) from 8.75% to 8.25% for loans tied to the External Benchmark rate. This decision follows the Reserve Bank of India's recent 50 basis point cut in the repo rate from 6.00% to 5.50%, announced during the latest Monetary Policy Committee (MPC) meeting. The revised lending rate will come into effect from June 12, 2025. This move will lower borrowing costs for customers with loans linked to a regulatory filing, PNB announced that it has revised its Repo Linked Lending Rate (RLLR) from 8.85% to 8.35%, effective June 9, 2025. The new rate reflects the 50 basis point cut in the repo rate and includes a Bank Spread of 20 basis points.'The Exchange is hereby informed that consequent upon the decrease in Repo rate by RBI on 06.06.2025, the Bank has revised RLLR from 8.85% (including BSP of 20bps) to 8.35% (including BSP of 20bps) with effect from 09.06.2025,' PNB stated in its of Baroda, in compliance with SEBI's disclosure norms, informed the exchanges that it has reduced its Baroda Repo Based Lending Rate (BRLLR) from 8.65% to 8.15%, effective June 7, 2025. This is also a 50 basis point reduction, in line with the RBI's move.'Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that BRLLR has been revised from 8.65% to 8.15% with effect from 07.06.2025,' the bank of India has also joined the rate-cut bandwagon, reducing its Repo Based Lending Rate (RBLR) from 8.85% to 8.35%, effective June 6, bank in a BSE announcement stated, 'Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Repo Based Lending Rate (RBLR) has been changed w.e.f. 06.06.2025. 2. Today, RBI has revised the Repo Rate from 6.00% to 5.50% (decrease of 50 bps).The change in RBLR is as under. The effective RBLR is revised from 8.85% to 8.35%, down by 50 bps.'
Business Wire
4 days ago
- Business
- Business Wire
2025 Governance, Risk, and Control Conference from ISACA and The IIA Examines Key Cyber, AI, Emerging Tech Topics
NEW YORK--(BUSINESS WIRE)--ISACA and The Institute of Internal Auditors (The IIA) will jointly present t he 12th annual Governance, Risk, and Control (GRC) Conference on 18-20 August 2025, in New York City, NY, and virtually, focusing on leading topics for GRC and internal audit professionals and featuring global leaders in governance, risk and control. 2025 Governance, Risk, and Control Conference from ISACA and The IIA examines key cyber, AI, emerging tech topics. Sessions will explore how GRC principles relate to cybersecurity, data, emerging technologies, and personal career development. Other topics include AI, cloud risk management, auditing blockchain, EU cybersecurity regulations, data mining, resilience and risk culture, and third-party risk management. The GRC Conference 2025 will feature two keynote presentations. Rachel Tobac, CEO of SocialProof Security, will dive into the human element of security. Shelly Palmer, CEO of The Palmer Group, will explore quantum computing and guidance for a quantum future. Two pre-conference workshops are being held in-person on Sunday, 17 August, including 'Performing an AI Audit using the ISACA AI Audit Toolkit,' with instructor Zachy Olorunojowon, Executive Director, Digital Health Strategic Initiative at BC Ministry of Health, and 'Navigating Crisis Scenarios as a GRC Professional - An Interactive Experience' with instructors Shawna Flanders, Director of Data Governance, Enterprise Risk, Compliance, and Business Resilience at The IIA, and Chris Stoneley, CISO at Cathay Bank. Attendees can earn up to 16 hours of continuing professional education (CPE) credits for attending the conference, and an additional 8 CPE credits for attending a pre-conference workshop. Registration for in-person attendance will close on Friday, 15 August. For more information about GRC Conference 2025, visit the event pages at ISACA or The IIA. About ISACA ISACA ® ( champions the global workforce advancing trust in technology. For more than 55 years, ISACA has empowered its community of 185,000+ members with the knowledge, credentials, training and network they need to thrive in fields like information security, governance, assurance, risk management, data privacy and emerging tech. With a presence in more than 190 countries and with nearly 230 chapters worldwide, ISACA offers resources tailored to every stage of members' careers—helping them to thrive in a rapidly changing digital landscape, drive trusted innovation and ensure a more secure digital world. Through the ISACA Foundation, ISACA also expands IT and education career pathways, fostering opportunities to grow the next generation of technology professionals. About The Institute of Internal Auditors The Institute of Internal Auditors (The IIA) is an international professional association that serves more than 260,000 global members and has awarded more than 200,000 Certified Internal Auditor (CIA) certifications worldwide. Established in 1941, The IIA is recognized throughout the world as the internal audit profession's leader in standards, certifications, education, research, and technical guidance. For more information, visit
Yahoo
13-06-2025
- Business
- Yahoo
Cytracom Acquires Tentacle to Advance Security Risk Management Capabilities and Empower MSPs as Risk Advisors
MCKINNEY, Texas, June 13, 2025 /PRNewswire/ -- Cytracom, a leading provider of Secure Access Service Edge (SASE) and Unified Communications as a Service (UCaaS) solutions for Managed Service Providers (MSPs), today announced the acquisition of Tentacle, a modern platform that helps organizations manage cybersecurity assessments, monitor third-party risk, and operationalize Governance, Risk, and Compliance (GRC) programs. This acquisition represents a significant advancement in Cytracom's Security Risk Management (SRM) strategy and further aligns with the company's mission to empower MSPs to grow beyond traditional IT services and embrace a more strategic advisory role, guiding their clients through the evolving discipline of risk management. With increased scrutiny from regulatory bodies and mounting pressure from cyber insurers, MSPs are being called upon to act as true Risk Advisors, helping clients meet compliance mandates and improve their overall security posture. The integration of Tentacle into the Cytracom platform delivers a robust response to this need, offering structured, repeatable, and collaborative tools that make it easier for MSPs to deliver value-added risk and compliance services. Cytracom entered the SRM category through the acquisition of Telivy, introducing capabilities that enable MSPs to automate risk assessments, deliver recurring compliance documentation, and drive consultative engagements. Tentacle builds upon this foundation by allowing partners to centralize security program data, collaborate in real time with clients and third parties, and map internal practices to industry frameworks such as HIPAA, PCI, and FTC Safeguards. Its platform not only reduces the administrative burden of ongoing assessments but also provides the structure needed to move from one-time reviews to ongoing program management. "MSPs are increasingly being asked to manage risk as much as they manage technology," said Zane Conkle, CEO of Cytracom. "This shift creates both a challenge and an opportunity. With the acquisition of Tentacle, we're giving our partners the platform they need to step into this evolving role with confidence—helping clients navigate compliance, track progress over time, and build programs that stand up to external scrutiny, while also enabling MSPs to clearly demonstrate the ongoing value of their services." The rising demand for compliance-focused services is one of the most urgent trends in the MSP channel. SMB clients now face requirements driven by regulatory frameworks, industry-specific mandates, and cyber insurance audits. Tentacle's ability to organize and share assessment data, manage third-party relationships, and ensure audit readiness positions it as a key component of Cytracom's vision to simplify and scale SRM and GRC management for the channel. "This is another step forward in building a complete platform that empowers MSPs to connect the modern workforce—securely, reliably, and within the evolving frameworks of GRC," said John Tippett, Chief Commercial Officer. "Whether it's unified communications, secure access, or risk management, our focus remains on making these capabilities accessible, intuitive, and impactful for the partners who deliver them every day." By integrating Tentacle into its broader infrastructure software platform, Cytracom continues to deepen its investment in the tools MSPs need to succeed in a risk- and compliance-driven world. "We've been investing heavily in Telivy as a platform for recurring cybersecurity assessments and compliance workflows," added Rob McDonald, Chief Product Officer at Cytracom. "Bringing in Tentacle's proven technology allows us to combine their robust architecture with our existing development strategy, resulting in a dramatic acceleration of what we can bring to market. It significantly advances our mission to give MSPs scalable, differentiated tools for security and compliance." With solutions spanning VoIP, SASE, and SRM, Cytracom continues to equip partners to deliver critical infrastructure that is secure, scalable, and compliant—all from a single, unified platform built exclusively for the MSP channel. About Cytracom Cytracom, a Sverica Capital Management portfolio company, provides critical infrastructure technologies for businesses, delivering cloud-based unified communications and secure networking solutions tailored for managed service providers (MSPs) and small to medium-sized businesses (SMBs). By simplifying complex technologies, Cytracom ensures that businesses remain connected, secure, and resilient in an ever-evolving digital landscape. Our solutions, including SRM, GRC, UCaaS, and SASE platforms, are designed to empower businesses with the essential technologies they need to thrive. Headquartered in McKinney, Texas, Cytracom supports partners and customers across North America. To learn more, visit Media Contact: Dana Liedholm | dliedholm@ View original content to download multimedia: SOURCE Cytracom Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
IOL News
13-06-2025
- Health
- IOL News
Silent crisis: Why South African men are dying seven years sooner than women
One silent crisis continues to claim lives: men's health. Across South Africa, men are suffering – and dying – in silence. Image: Nappy/Pexels In a world where health discussions dominate conversations, one silent crisis stands out: men's health across South Africa. Glaring statistics reveal a grim reality, as South African men are living an average of seven years less than women, with a life expectancy of just around 62 years compared to 69 years for their female counterparts. This disparity is largely attributed to avoidable health risks, late diagnoses, and an alarming reluctance to seek preventative care. This Men's Health Month, Bestmed Medical Scheme is urging men of all ages to take action towards their well-being. The persistent issues of fear, stigma, and a deeply ingrained culture of avoidance surrounding medical check-ups and health screenings continue to claim lives. 'Too many men only visit a doctor when it's already too late,' warns Dr Lee Moses, Medical Advisor: Advisory Risk and Quality Management at Bestmed Medical Scheme. 'We need to normalise proactive care because prevention is far more powerful than cure.' The stark statistics The statistics paint a sobering picture of men's health in the country. Aside from the considerable life expectancy gap, there is a concerning trend regarding late-stage diagnoses of prostate and testicular cancer. Prostate cancer, the most common cancer among men, is highly manageable if caught in its early stages. However, stigma related to screenings, particularly fears surrounding rectal exams, discourages many from seeking this crucial health service. 'Many men dread the rectal exam,' Dr Moses acknowledges, 'but times have changed. A simple PSA blood test is now an initial screening option for men over 40.' More invasive tests are only recommended if initial assessments raise concerns. To combat this silent crisis, men are encouraged to perform regular testicular self-exams and attend annual prostate screenings to detect potential problems early, before they escalate into life-threatening conditions. Hidden threats to health Prostate cancer is not the only concern on the horizon. Men face higher risks of chronic illnesses, including diabetes, high blood pressure, heart disease, and mental health disorders. These conditions are often diagnosed too late due to delayed healthcare consultations. Lifestyle choices, such as poor diet, insufficient exercise, excessive alcohol consumption, and tobacco use exacerbate these risks, leading to dire health outcomes. Mental health remains a particularly challenging aspect of men's overall health. Many men are less likely than women to seek help for issues such as depression, anxiety, or suicidal thoughts. As a result, addiction and suicide rates continue to rise. Furthermore, men fall behind in HIV and TB testing, with a significant number neglecting treatment and precautionary measures, risking their health and the well-being of those around them. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ A call to change 'It's time to flip the script,' Dr Moses asserts. 'Going for regular check-ups isn't a weakness – it's being responsible. It's a strength and it's how we stay alive for the people who count on us.' Bestmed Medical Scheme encourages men to take small but consistent steps towards better health: Schedule annual health screenings Adopt a balanced diet and exercise regularly Manage stress and mental well-being Stay informed and proactive about health 'When detected early, most health problems are manageable or even reversible. Men, your health matters. Speak up. Show up. Live longer.' Dr Moses concludes, urging men to take charge of their health for themselves and their loved ones. IOL
Bloomberg
13-06-2025
- Business
- Bloomberg
Recession Threat Is Back—and Maybe Something Worse
Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify You might think the big risk to the US economy right now is President Donald Trump's trade war. If so, you'd be wrong. There's something much bigger and far nastier lurking around the corner. A few things, actually.
