Foreign news: YES Bank allowed compromise to ATMs, ICBC issues major green bond
The Reserve Bank of India has hit YES bank with a US$1 million fine for failing to promptly report a breach of its ATM network, Finextra reports. An audit pointed to an undetected malware injection at Hitachi Payment Systems servers in mid-2016 for which the tech vendor has admitted culpability. The malware compromised customer debit card details, leading India's top banks to advise some customers to change PIN codes and to recall millions of debit cards. An investigation by National Payments Corporation of India found that illegal withdrawals were confined to 641 customers of 19 banks, and the total amount involved was 13 million rupees (just over A$200,000). Final details have emerged on Industrial and Commercial Bank of China's inaugural green bond issuance, listed this week on the Luxembourg Green Exchange. The final amount is US$2.15 billion, issued in three tranches of €1.1 billion, US$450 million and US$400 million with three and five-year tenors. The ICBC's statement, received by Climate Bonds Initiative, notes that this 'One Belt One Road Green Climate Bond' marks the biggest single tranche in euro-denominated green bonds by a Chinese issuer. European investors took 70 per cent in two three-year tranches: denominated in euros and US dollars, respectively, with a diversity of investors including ESG based investors, sovereign funds, insurance companies and corporates.