Search result for 'digital fraud'

Indian Govt. blocked over 7.81 lakh SIM cards, 3K Skype IDs and 83K WhatsApp accounts linked to digital fraud till February 2023. Read more about cybercrime prevention measures.

RBI Governor Sanjay Malhotra calls for an end to repeated KYC document requests by banks, citing inconvenience to customers. He also stresses the importance of complaint redressal and using AI for...

Sebi aims to combat fraud by introducing a unique UPI ID for registered market intermediaries, enabling investors to verify the authenticity of recipients and ensure secure payments.

Sebi proposes a new mechanism for secure UPI payments in the securities market, creating unique UPI addresses for registered intermediaries to combat fraud and enhance investor confidence.

Sebi is proposing a new combo product that pairs term life insurance with mutual fund investments, aiming to expand financial access and boost SIPs, particularly in rural areas.

RBI Governor Sanjay Malhotra emphasizes the need for robust systems to combat digital frauds. Banks urged to enhance oversight of third-party service providers and improve digital literacy.

Public sector banks (PSBs) in India are projected to exceed Rs 1.5 lakh crore in profit for FY'25, driven by low NPAs and credit growth. However, slow deposit mobilization remains a concern.

RBI report reveals a sharp increase in banking frauds in H1FY25, with the amount involved jumping eight-fold. Learn about the trends and implications for the financial system.

The Reserve Bank of India (RBI) is urging banks to collaborate with its MuleHunter.AI initiative to combat financial fraud by detecting and preventing the use of mule accounts.

Indian Govt. blocked 1,700 Skype IDs and 59,000 WhatsApp accounts used for digital fraud. Learn about the measures taken to combat cybercrime, including a new suspect registry.

India's public sector banks will introduce new products in the next few months to boost credit growth, focusing on MSMEs and young people, according to the Financial Services Secretary.

RBI Governor Shaktikanta Das warns of potential liquidity issues if deposit growth continues to lag credit growth, urging banks to maintain a balance between the two. He also flagged concerns over...

RBI Governor Shaktikanta Das says the central bank's coordination with the government helped in the swift economic recovery after the pandemic, and stresses the need to control inflation. He also...

RBI Governor Shaktikanta Das emphasizes the need for banks to further strengthen governance standards, risk management practices and compliance culture. The governor also discussed cybersecurity,...

Truecaller and HDFC ERGO have partnered to launch an insurance product that protects users against digital communication fraud in India. The offering provides coverage of up to Rs 10,000 for...

The Telecom Department has blocked 392 mobile handsets involved in electricity KYC update scams. DoT utilized the Chakshu portal to identify and block these devices, ensuring citizen safety from...

Signzy, a digital banking infrastructure provider, has acquired Difenz, a fraud risk management solutions provider, for USD 5 million. The deal positions Signzy as one of the largest RegTech...

RBI Governor Shaktikanta Das urges banks to remain vigilant against rising risks, highlighting concerns like outlier growth in personal loans and NBFC exposure.

The Indian government has blocked 1.4 lakh mobile numbers linked to financial frauds, as part of efforts to curb cybercrime in the financial sector. The move follows a meeting with stakeholders to...

Reserve Bank of India bans Paytm Payments Bank due to money laundering concerns and non-compliance with KYC regulations. The bank is barred from accepting deposits and conducting credit transactions.

RBI has banned Paytm Payments Bank from taking deposits and conducting transactions due to concerns over money laundering and KYC non-compliance. The move comes after investigations by the ED and a...

DFS Secretary Vivek Joshi commends J&K Bank for effectively implementing government schemes, highlighting the bank's role in empowering entrepreneurs and beneficiaries in Jammu and Kashmir.

The Indian government has disconnected 70 lakh mobile numbers linked to financial fraud. The move aims to curb cybercrime and protect customers. Banks are also taking steps to strengthen their...

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India's government suspends 70 lakh mobile numbers due to suspicious activity, aiming to curb digital fraud. Banks are also asked to strengthen security measures.

India's Finance Ministry convenes a meeting to address rising digital payment fraud and cyber security concerns, following recent incidents at UCO Bank and Bank of Baroda.