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ELECTRONIC BANKING FRAUDS
PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providersThe Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo ...- Can DigiLocker replace your bank locker? What you need to know about storing important documentsIndians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers con...
- CM DK Shivakumar hails Karnataka's dynamic economy; state registers 9.5% export growth in FY 2025-26Karnataka's economy is booming. Exports grew by 9.5 percent in the financial year 2025-26, reaching almost ₹19.7 lakh crore. The state lead...
- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- Your employer may soon pay your SIP from salary: Sebi's new mutual fund proposal explainedYour employer might soon invest in mutual funds directly from your salary. Sebi is considering a new proposal to allow this. Employees can ...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome PowellKevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are ...
- War without borders: The rise of cyberattacks beyond the battlefieldCyber conflict has escalated beyond borders following US-Israeli strikes on Iran, with hacktivists and state-backed actors launching global...
- UCO Bank sees no MSME stress from US tariffs, Iran warThe public sector bank's chief executive, Ashwani Kumar, told ET that its loan portfolio performance behaviour is healthy on a year-on-year...
- Inside WhatsApp's measures to curb digital arrest scamsWhatsApp is using AI to combat digital arrest scams, banning thousands of impersonating accounts. Authorities are working to prevent signif...
- WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SCAuthorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...
- FM Sitharaman, IT minister Vaishnaw meet bankers over looming Claude Mythos; push for faster intel sharingIndia is building a strong system for banks and agencies to share threat information instantly. This aims to quickly identify new dangers f...
- RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytimeThe Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments,...
- How a Rs 20 electricity bill payment by an SBI customer led to the bank paying Rs 2.2 lakh in compensationA State Bank of India customer was defrauded of ₹1.99 lakh after attempting a ₹20 electricity bill payment. The National Consumer Disputes ...
- RBI proposes compensation for bank fraud losses up to Rs 50,000New RBI proposals aim to protect bank customers from fraudulent electronic transactions, potentially offering compensation up to ₹50,000 ev...
- RBI caps claims for small-value digital frauds at Rs 50,000; banks to prove customer liabilityRBI new digital fraud rules: Compensation will be provided if the loss is established as genuine under the bank’s internal policy and the v...
- These 10 transactions will be reported as fraud to RBI, as per new rulesThe RBI said in a circular dated July 16, 2024, “These master directions have been prepared based on a comprehensive review of the earlier ...
- Watch out, cyber fraud cases in banks are spikingSpike in cyber frauds is bigger than most other types of bank frauds (5,917) reported in 2017-18
- Finance ministry advises banks to popularise e-payments to reduce usage of cheques, bank draftsThere are currently over 30 lakh cases of bounced cheque in the courts, a problem the government feels can be addressed through electronic ...
- Cyber crime: RBI advises banks to set up whistle blowing systemConcerned over rising incidents of cyber crime, the RBI has suggested banks to put in place a strong whistle blowing system.
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