A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.
Kerala Police arrested 165 people and registered 455 cases in a statewide operation targeting cyber financial fraud, confiscating devices and disrupting criminal networks.
Two chartered accountants have been arrested by the Enforcement Directorate in connection with a money laundering case linked to a cyber fraud involving Rs 641 crore.
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.
Subscribers of the retirement fund body EPFO may soon be able to withdraw claim amounts from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly said that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce.
Countless public surfaces, from cash machines to lift buttons, are touched by hundreds of people every day, often without a second thought.
Only bona fide victims would be compensated by banks within five days of receiving the complaint.
Mastercard and Visa are introducing passkeys that will allow users to authenticate card payments with face scans or fingerprints, eliminating the need for one-time passwords (OTPs).
Banking operations at public sector banks across the country were impacted on Tuesday as the United Forum of Bank Unions (UFBU) went on nationwide strike demanding the immediate implementation of a five-day work week.
Four tourists from Karnataka were found dead in a dharmshala room in Nalanda district, Bihar. Police are investigating the incident and have recovered sleeping pills and other belongings from the scene.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Moving beyond digital payments, the National Payments Corporation of India (NPCI), the operator of Unified Payments Interface, is planning to add more muscle to the country's digital infrastructure by setting up a fourth subsidiary, NPCI Tech Solutions Ltd (NTSL).
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
Huawei has launched its latest smartwatch series in India with the Watch GT6 Pro. The new models are designed for outdoor sports enthusiasts, offering features like cycling power monitoring, enhanced sleep tracking, and longer battery life.
Authorities in Kashmir have initiated a profiling process of mosques, madrassas, and individuals associated with their management following the exposure of a 'white collar' terror module. The enumeration drive focuses on the finances of these institutions and the backgrounds of their personnel.
Bengaluru police have arrested three people, including a police constable, in connection with the Rs 7.11 crore robbery in the city. A significant portion of the stolen money has been recovered, and efforts are underway to apprehend the remaining suspects.
Unidentified men posing as central government officials intercepted a cash van in Bengaluru and allegedly fled with about Rs 7 crore. Police are investigating the incident and have formed teams to hunt for the suspects.
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.
The government informed Lok Sabha that security forces have neutralised 29 top Naxal leaders since 2019, with a significant reduction in affected districts.
Two police officials who were injured when the container driver and his associate attacked them in a bid to flee, have been admitted to a government hospital with injuries, she said.
The stage is set for the loading of cash into automated teller machines (ATMs) through the cassette-swap mode with an initial four-phased roll-out across 30 cities from June 1. The lockable cassette-swap will do away with the current practice of open-cash replenishment into ATMs. Cash-in-transit (CIT) firm personnel, tasked with loading cash into ATMs, will not have to touch it anymore. Cash-handling will be done by CITs at the cash centre, and the task of taking into account the amount of cash remaining from the last cassette-load will also be made simpler.
The KSTDC's post on 'X' on October 28, promoting its two-night and three-day tour package to the hill station said, " Seeking thrill or tranquillity? Find both in Wayanad! Trek scenic trails, chase waterfalls & meet the wild with KSTDC. Your perfect nature escape awaits."
Karnataka Chief Minister Siddaramaiah refuted BJP's claims of Congress funding Bihar elections and defended the state's decision on mandatory permissions for using public premises, stating it's a continuation of a previous BJP policy.
The return on investment (RoI) from technologies such as artificial intelligence (AI) will take time to materialise, and the immediate priority should be to increase spending on building governance frameworks around AI, top bank executives said.
The airline plans to scale up its operations at NMIA significantly, from 36 air traffic movements (ATMs) daily on the opening day to 79 daily departures (158 ATMs), including 14 international departures by November this year.
With 18,000 employees already, NatWest eyes 3,000 engineers in India by next year to strengthen its AI and data capabilities.
UPI crossed 20 billion monthly transactions for the first time in August 2025, with a transaction value of Rs 24.85 trillion.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
Police on Monday detained a close associate of cleric and Ittehad-e-Millat Council chief Tauqeer Raza Khan in connection with the recent violence in Bareilly during a protest in support of the 'I Love Muhammad' campaign, officials said.
Fahadh Faasil reunites with Maamannan co-star Vadivelu for the film Maareesan.
For the first time since curfew was imposed three days ago in violence-hit Leh town of Ladakh, the restrictions were relaxed Saturday afternoon in a phased manner for a few hours, providing relief to residents who lined up outside shops selling essential commodities.
In a daring robbery at an ATM kiosk on Chakan-Alandi Road near Pune in the wee hours of Sunday morning, burglars stole Rs 16 lakh (Rs 1.6 million) by triggering a low intensity blast at the cash dispenser.
Using ATMs beyond the permissible free transactions for cash as well as non-cash purposes will cost more from Saturday. As per the Reserve Bank directive issued in June, the banking customers would be required to pay Rs 21 per transaction with effect from January 1, 2022 for transactions beyond the free permissible limit. Presently, banks are allowed to charge Rs 20 for such transactions through ATMs.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
The Reserve Bank on Thursday permitted banks to increase charges for cash and non-cash ATM transactions beyond free monthly permissible limit from next year. Bank customers will have to pay Rs 21 per transaction, instead of Rs 20, with effect from January 1, 2022, if they exceed the monthly limit of free transactions. "To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to Rs 21 per transaction. "This increase shall be effective from January 1, 2022," the RBI said in a circular.
Film folk celebrated Raksha Bandhan over the weekend and posted their happy pictures online.
The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering. Currently, cardless cash withdrawal through ATMs is offered by a few banks for their customers at their own ATMs (also known as on-us basis). "All banks, ATM networks and WLAOs (White Label ATM Operators) may provide the option of ICCW at their ATMs," the central bank said in a circular.
Dubai-based Abhishek Sinha tells us why was he disappointed with an ATM in Noida.
