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DOMESTIC PAYMENT FRAUDS
Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...- Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...
- NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...
- Nearly 55.49 crore UPI users onboarded by June 2026Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 3...
- West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay MalhotraReserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent re...
- RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietorsVictims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The...
- RBI expands digital fraud protection, introduces compensation for small-value scam victimsThe RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to sca...
- RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY reportThe Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exp...
- Jhanvi, Riya, Simran: How a woman and agency used multiple names to ‘maid’ off with money from Delhi homesA woman, using aliases like Jhanvi and Riya, allegedly ran a fake domestic help racket. Families seeking house helps were defrauded after p...
- After courts, RBI, independent reviewers clear HDFC Bank; persistence of crisis narrative raises questionsHDFC Bank is facing a barrage of governance allegations and panic. However, court relief and regulatory reassurances indicate no material a...
- From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...
- Resilient Indian economy may face West Asia headwinds; El Nino impact likely on agri output: RBIAs energy prices surge and supply chain disruptions persist, India's economic landscape is indeed testing its resilience; yet, robust finan...
- RBI plans shared liability for digital frauds, pushes open card ecosystem in Vision 2028The RBI is set to introduce a shared responsibility framework for unauthorized digital payment transactions. This will involve both custome...
- Kill switch soon for all digi payments to combat fraudThe Reserve Bank of India's Payments Vision 2028 introduces a shared liability model for unauthorized digital transactions, placing respons...
- To prevent frauds, international online transactions will soon need additional authentication factorOTP for international txn: The Reserve Bank of India (RBI) has announced introduction of additional factor of authentication for internatio...
- RBI proposes changes in Indian banks' websites to make your internet banking saferRBI Governor Sanjay Malhotra announced new security measures to make internet banking safer, including the implementation of a 'bank.in' do...
- To curb frauds, RBI asks banks, payment operators to keep track of domestic remittancesThe Reserve Bank of India mandated banks and payment operators to keep a trail of domestic fund transfers to curb money laundering and frau...
- Mobile wallet fraud set to rise in India: DeloitteAs more people have started using online payments, frauds in mobile payments too are increasing, said a report from Deloitte India.
- Adopt Aadhaar authentication for card-based transactions: RBIThe Reserve Bank today advised banks that they may adopt Aadhaar as additional authentication or move to EMV chip and pin technology.
- 28% Indian executives okay with bribery: StudyThe top executives are also not bothered about the consequences of future prosecution for their fraudulent acts, as they are under tremendo...
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