banking security
Digital Fraud Incidents Rising Since July: RBI Deputy Governor Highlights Banking Sector Challenges
Nov 07, 2025 10:11 pm CST
RBI Deputy Governor T Rabi Sankar reports an uptick in digital fraud incidents since July after a period of decline, urging banks to modernize core infrastructure to compete with fintechs. The report details shifting fraud patterns, banking vulnerabilities, and the potential impact of digital currencies on traditional banking models.
Inside India's Digital Arrest Scam: How Fraudsters Target the Wealthy Through Financial and Psychological Manipulation
Oct 13, 2025 05:45 pm CST
This article exposes India's devastating "digital arrest" scam targeting affluent citizens, where fraudsters posing as government officials manipulate victims into transferring life savings through psychological intimidation. With losses exceeding $290 million since 2022, the article examines how these scams exploit weaknesses in banking systems, data security vulnerabilities, and law enforcement limitations, while offering solutions to combat this growing financial threat.
RBI Introduces Same-Day Cheque Clearance: HDFC and ICICI Banks to Implement Starting October 4
Oct 03, 2025 01:15 pm CST
Private banks including HDFC and ICICI will implement same-day cheque clearance from October 4 following RBI's updated settlement framework. Deposited cheques will be cleared within hours, with customers advised to use the Positive Pay System for enhanced security and maintain sufficient account balances to prevent bounces.