The Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments,...

In a recent conference, Reserve Bank Deputy Governor Swaminathan J raised a red flag regarding the integration of AI in finance. He emphasi...

Reserve Bank Deputy Governor Swaminathan J cautioned about AI in finance, saying that without proper safeguards, AI adoption can worsen exi...

Banks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding...

HDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selli...

Banks are increasing regular background checks on employees and agents to fight fraud, driven by regulatory scrutiny and the need to preven...

All RBI-authorised Payment System Operators (PSOs) / providers and payment system participants operating in India are required to report al...

In addition to the existing bulk upload facility to report payment frauds, DAKSH provides additional functionalities, like a maker-checker ...

Voicing concern over discontinuation of LoU/ LoC that is impinging trade and commerce in labour intensive and MSME Sectors, the Panel expre...

Spike in cyber frauds is bigger than most other types of bank frauds (5,917) reported in 2017-18

Some importers are also availing themselves of foreign currency denominated loans (FCNR Loans) against their foreign currency bank deposits.

The trend is in line with the seasonal uptick as credit demand accelerates before the end of the fiscal year but it’s also part of the over...

Banks would now need to issue guarantees or letters of credit (stand-by letters of credit which are in the nature of guarantees), in lieu o...

RBI has been facing a lot of flak ever since the PNB scam rocked the Indian financial market.

Banks can continue to issue guarantees and letter of credit for trade purposes as they have features that makes the claim on the issuer str...

As per the data made available by RBI, 9,500, 13,083 and 16,468 cases related to Cyber Frauds were reported by the banks during 2013-14.

Corporate duping through a complex use of exotic financial market instruments like the USD 50-bn scam masterminded by US stock dealer Berna...