Public sector banks in India are increasing their IT spending to bolster cybersecurity measures in response to concerns about Anthropic's Claude Mythos AI tool and its potential to exploit vulnerabilities in financial systems.
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model and its potential threat to financial systems' data security.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
'...A new challenge has emerged in the form of Mythos.'
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.
Finance Minister Nirmala Sitharaman met with bank heads to discuss the risks associated with Artificial Intelligence (AI) following global concerns about Anthropic's Mythos model and its potential threat to financial systems' data security.
An attempted burglary occurred at a Punjab National Bank branch in Uchi Bassi village near Dasuya, with the intruder failing to access the main safe but stealing a digital tablet.
The NEET-UG re-exam was held at centres across the country and overseas on Sunday amid tight security arrangements for the smooth conduct of the examination.
LAMF allows investors to access liquidity while staying invested.
The Economic Offences Wing (EOW) of Odisha Police has arrested another person from Bhubaneswar for his alleged involvement in a bank loan fraud case worth Rs 6.88 crore.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
Three suspected bank robbers under police custody were killed in Peshawar, Pakistan, after unidentified gunmen attacked the police escort team. The suspects were being taken to identify crime scenes when the ambush occurred, resulting in a shootout and a subsequent search operation for the attackers.
A bank manager in Ghaziabad was shot dead by a security guard following disputes over salary and leave, leading to the arrest of the guard and an accomplice.
A consumer court in New Delhi has directed the Bank of India to refund Rs 10,000 to a woman and provide additional compensation for a failed ATM transaction that was not reversed for several months, citing deficiency in service and violation of RBI guidelines.
An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
A Delhi court acquitted five men accused in a 2018 dacoity-cum-murder case at a Corporation Bank branch, citing the prosecution's failure to establish their involvement beyond a reasonable doubt. Key eyewitnesses and bank staff could not identify the accused during the trial.
Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.
Delhi Police have arrested three individuals for allegedly defrauding a resident of Rs 15.26 lakh by promising to increase his credit card limit. The fraudsters used mule bank accounts to channel the illicit funds, and police recovered several devices used in the crime.
The West Bengal government will hand over land to the Border Security Force for international boundary fencing and security infrastructure, starting with a 27 km stretch. Chief Minister Suvendu Adhikari said more land would be provided wherever required to strengthen border management in the state.
West Bengal Chief Minister Suvendu Adhikari has announced a new border security initiative, including land transfer to the BSF and a 'detect, delete and deport' policy targeting infiltrators.
Finance Minister Nirmala Sitharaman convened a high-level meeting with bank heads to assess cybersecurity risks linked to advanced AI models, following concerns over Anthropic's Claude Mythos system and its potential impact on financial data security.
Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.
Barclays Global Service Centre India MD & CEO Praveen Kumar has urged Indian banks to modernise their technology architecture and build AI-based defence systems to counter emerging cyber threats posed by AI tools.
Analysts have largely maintained a bullish outlook on HDFC Bank and ICICI Bank following their Q4FY26 results, though their perspectives on future growth drivers differ. HDFC Bank's near-term performance is tied to accelerating loan growth, while ICICI Bank is seen as a strong candidate for a valuation rerating.
The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.
The Delhi Metro Rail Corporation has partnered with Airtel Payments Bank to launch co-branded RuPay National Common Mobility Cards (NCMC), enabling seamless payments across various transit networks nationwide.
Pakistan's Defence Minister Khawaja Asif has issued a war threat against India, citing water security as a national concern. This comes as Pakistan grapples with a severe internal water crisis, attributed by experts to mismanagement, and India maintains its suspension of the Indus Waters Treaty following a terror attack. Asif accused India of "weaponising water" but admitted to lacking current data on the situation.
The Bombay High Court has directed HDFC Bank to refund Rs 38 lakh to a Pune businessman who lost the amount in a digital fraud, citing the account holder's lack of fault and RBI guidelines on customer protection.
Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.
Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.
Gurugram Police have arrested two former bank employees for allegedly fraudulently obtaining loans by accessing data of pre-approved accounts.
The new bridge will come up alongside the existing crossings at Saraighat, where two bridges currently connect the north and south banks of the Brahmaputra -- the iconic road-cum-rail Saraighat Bridge and a separate road bridge.
Jeetu Munda, who carried his sister's skeleton to a bank in Odisha to withdraw money, has stated he does not want action taken against the bank officials after they released the funds. He received approximately Rs 15 lakh in donations following the incident.
Bank of Baroda has partnered with Reliance Jio to provide access to its mobile banking application, 'bob World Lite', for users of Jio feature phones, aiming to promote financial inclusion and digital payments.
Investors should do thorough due diligence when selecting a platform.
The first thing cardholders should do after spotting a suspicious charge is block the card.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
The Reserve Bank of India (RBI) and the central government have introduced a package of measures, including tax exemptions for FPIs on government securities and a concessional foreign-exchange swap facility, aiming to attract up to $50 billion in foreign capital. This initiative is designed to strengthen India's balance of payments and potentially cover the projected BoP gap for FY27.
Foreign Portfolio Investors (FPIs) have withdrawn over Rs 62,853 crore from Indian equities in the first fortnight of June, bringing the total outflows for 2026 to Rs 2.87 lakh crore, surpassing the entire 2025 figure, driven by geopolitical tensions, global economic growth concerns, and a weakening rupee.
