Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, it said in a bulletin.
More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
The survey was based on the survey of 44 banks.
'We found certain banks having lakhs of such accounts with apparently no valid reason.'
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
Only investors with knowledge of cryptocurrencies, long-term conviction, and a long horizon should invest in this asset class.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Regularly monitor your account for any suspicious activity. Keep your devices updated with the latest security patches to prevent vulnerabilities. Ensure the physical wallet you use is stored securely to avoid loss or theft.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
He acknowledged that police had been caught off-guard by local delinquents who turned up to cause trouble at the match. But defending the security protocols in place, the minister said France had only had three months to prepare after the venue was moved from Russia.
The Central Bureau of Investigation had booked Shubham Shokeen and another former employee Aarti Mandal in the case on the basis of a complaint from the French embassy.
The challenge before the management is ensuring simultaneous disclosure of key information to stock exchanges and investigating agencies.
Domains spoofing the legitimate Olympics Web site, while fake mobile apps masquerading as transport, booking, or other planning apps are also certain to be leveraged by fraudsters during the event, cybersecurity firms say, which puts Indian users also at risk.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
Handle cards like you would handle cash.
Risks are increasing with 55 times increase in such transactions over the past three years, says a Assocham-PwC report
Credit Vidya helps lenders assess credit and fraud risk for thin-file and new-to-credit customers.
It is up to the bank management to decide which application gets to interact with the CBS
Consider a combination of a base policy and a super top-up policy.
Fraud is a big concern among many board members.
The findings revealed the biggest threat to firms comes from within.
Heads of various public and private sector banks on Thursday sought to present a counter-narrative on RBI Governor Shaktikanta Das warning lenders about the perils of extreme risk aversion in the pandemic-stricken environment where credit demand is on the wane.
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'
About 40 per cent of respondents felt fraud had gone up in India, while 67 per cent said the new Act would improve governance.
Traditionally, financial institutions have operated risk functions in silos. However, the nature of unknown threats today requires industry participants to work together, says Vikram Limaye.
rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate life's problems.
As the number of students seeking higher education abroad continues to rise, several countries are implementing new rules. Gaurav Batra, CEO and founder of Infinite Group highlights how these changes will impact Indians who are planning to study abroad.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
Scammers and fraudsters keep coming up with creative ways to gain access to sensitive information and only by being alert and aware of such attempts can data privacy be truly maintained.
Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
Niranjan Upadhye, general manager, fraud risk management, Worldline India, tells you how to quickly spot a scam and save yourself from grief.
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