The Union Ministry of Electronics and IT (MeitY) has declared the IT resources of ICICI Bank, HDFC Bank, and National Payments Corporation of India (NPCI) as ‘critical information infrastructure’.
The Information Technology Act of 2000 defines ‘Critical Information Infrastructure’ as a “computer resource, the incapacitation or destruction of which shall have a debilitating impact on national security, economy, public health or safety”. The government has the power to declare any data, database, IT network, or communications infrastructure as CII.

Kerala Chief Minister Pinarayi Vijayan announced that the data bank of Expatriate Malayalees will be expanded by conducting the Kerala Migration Survey.
A ‘Pravasi data portal’ will be prepared for the survey while the state will conduct an extensive global registration campaign. The Chief Minister addressed online the valedictory meeting of the third edition of the Loka Kerala Sabha.

HDFC Bank on Tuesday announced that it has signed a memorandum of understanding (MoU) with early-stage venture capital 100X.VC in order to engage more deeply with India’s startup ecosystem.

India’s ICICI Bank announced that it has partnered with ZestMoney, a digital equated money installments (EMI)/pay later platform, to expand its “cardless EMI” facility for purchases offline and online

The Reserve Bank has canceled the license of The Mudhol Co-operative Bank Limited, Bagalkot (Karnataka), thus restricting it from repayment of deposits and acceptance of fresh funds.