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ATM SECURITY DEFICIENCIES
Over 2,500 Delhi ATMs lack shutter locks, 2,000 lack guards: ReportDelhi Police found many ATMs lacking guards and security cameras. These security gaps increase ATM vulnerability to organized theft gangs. ...- SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking detailsA consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised onl...
- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- RBI proposes rules to protect bank customers from online fraud; suggests compensation for small-value scamsThe Reserve Bank of India has proposed new draft guidelines for customer protection in electronic banking, effective July 1, 2026. These ru...
- SBI ATM fraud: Customer to get full refund with 10% interest from State Bank of India, orders Delhi State Consumer CommissionAfter an 11-year legal battle, an SBI customer has won a case against the bank for fraudulent ATM withdrawals. The Delhi State Consumer Com...
- ATM cash withdrawal fraud: PNB customer to get Rs 99,000 damages ordered by State Consumer CommissionPunjab National Bank: A lady from Haridwar lost Rs 75,000 in an ATM fraud. However when she told PNB about this, instead of solving the iss...
- RBI bars BoB from taking new customers onto mobile app; allegations of mobile no. linking malpracticesThe RBI has directed Bank of Baroda (BoB) to suspend any further onboarding of their customers onto the bob World app with immediate effect...
- RBI bans new customers on BoB's mobile applicationThe central bank’s action comes almost three months after a news network exposed how the bank linked bank accounts to unregistered mobile n...
- Life certificate submission at any branch, online deposit claim settlement: RBI committee's major recommendationsThe Reserve Bank of India (RBI) organised a committee last year to investigate the customer services provided by RBI-regulated enterprises ...
- Single body for complaints against banks, NBFCs, pre-paid card issuers from June 2021Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing a...
- RBI's customer protection rules will benefit depositorsThe complainants used two ATMs in this locality and were duped include customers of HDFC Bank and United Bank of India.
- Got money stolen from your ATM/card? Here's how much your bank is liableWith new security threats emerging every day, customers must know how much liability the bank shares in cases of unauthorised transactions.
- Surge in Debit card usage has banks on alert for fraudDemonetisation move has curbed cash in the circulation, a move that is seen bearing fruits over long run in terms of throttling unaccounted...
- Security breach: Time to build a strong security matrixMonetarily the damage from cyber attacks so far has been very limited, but it has the potential to get bigger and disrupt the nation’s fina...
- No set of rules remains relevant all the time: SS Mundra, Deputy Governor, RBISS Mundra, a three-decade veteran of Indian banking, will be guiding the Reserve Bank of India’s efforts in many of these areas as its newe...
- Banking codes are here, don’t let banks take you for a rideIf RBI has its way, your bank’s services framework will make the transition from ‘caveat emptor’ to the ‘caveat venditor’ principle.
- Space age stealing: Bank robbery no longer attracts the best and brightest criminal mindsNot a techie? Not a problem! If you can dial a phone, use an instant message service, or sign a lunch cheque, you’re good to go.
- File complaint after paying credit card dues: Banking OmbudsmanCredit card users should pay their bills first and then lodge the complaint in case of a dispute with the card provider.
- Why you can bank on the ombudsmanIf all your appeals have hit a wall, the Ombudsman may be the best bet to redress your grievances.
- RBI calls bankers meet to test NatGrid efficiencyRBI has called a separate meeting with bank chiefs on to discuss issues related to UID number.
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