A pan-India 'fraud-to-phone' network has been busted by security agencies, which have also arrested eight people and seized nearly 300 new mobile phones bought with stolen funds, officials said on Tuesday. Moreover, 900 mobile phones, 1,000 bank accounts and hundreds of unified payment interface (UPI) and e-commerce IDs of this gang have been identified and are under investigation. Nearly 100 bank accounts, and debit and credit cards have been frozen by the security agencies so far, officials said.
We are certainly for digitisation. I do not have opinion about demonetisation. I still don't, says Bill Gates.
A review of key pronouncements he made in his first Independence Day Speech on August 15, 2014.
Other private banks also planning to employ bots soon
Noida SEZ has 400 units and around 100,000 workers, and was shut down on March 23.
Financial inclusion has been on the top of the govt's top agenda.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Cyber criminals are using apps and young women to trap people through mobile phone calls and video chats.
Shine Jacob & Karan Choudhury highlight the red flags raised by the Controller General of Accounts.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Companies are innovating with tech tools to ensure that you spend less time at the cash counter.
'The mindset of people needs to change.' 'We still believe in accepting cash when we can do business with digital money as well.'
Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.
The old note will continue to be accepted for other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15
Hours after the government banned Rs 500 and Rs 1,000 notes, Indians are facing an acute shortage of change.
This September, Sachin Bansal picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services. His immediate plan is to scale up the company's operations as quickly as possible without making much investment in physical infrastructure and by leveraging technology.
If you are have an account with State Bank of India, HDFC Bank or Axis Bank you will have to pay higher charges for using ATM more than five times a month.
Its statement also said Facebook does not use WhatsApp payments information for commercial purposes.
Offering few surprises, Apple Inc shares did not react strongly.
'This wipes out the entire black money in the nation in one stroke. Ninety per cent plus of the black money is kept in Rs 500, Rs 1,000 notes. What they have done is a brilliant move.'
People think I do this for money, but I don't. I do it because I value data privacy, says Anand Prakash.
It is a little like glimpsing old photographs and feeling a sense of sweetness, or sorrow, says Kishore Singh.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Gullible bank customers are getting fooled by callers who scare or lure them.
At a time when the Modi government is attempting to push cashlessness with coercive means, Devangshu Datta explains why cash usage is popular even in nations with good cashless infrastructure.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
The RBI Governor had earlier cautioned the banks on the risks involved in just hunting for numbers, asking them not to compromise on core objectives of the programme.
On government's last week's announcement of revamping of PSU banks, Fitch Ratings said the move is "credit positive, but risks remain".
Could the gains in terms of widening the tax net, increased digital transactions and detection of higher fake currency notes have been achieved without the huge disruption and output loss that demonetisation caused to the Indian economy, asks A K Bhattacharya.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
Here are four ways to keep your credit score in the green
The RBI view comes within a fortnight of the sectoral regulator FMC in a report stating that the promoter Shah and promoter company Financial Technologies are not eligible to run the crippled exchange, an order challenged by the group in the Bombay High Court.
The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India.
Many youngsters take financial discipline as putting restriction on their freedom. That's a myth. You can very well enjoy as well as save and grow your money at the same time. Salil Dhawan shows you how
After a group of young hackers beat companies that claim to spend a bomb on cyber security, Karan Choudhury reports on just how easy it is to exploit digital wallets.
Mumbai resident Sumesh Pillai tells us how he panicked when the ATM didn't dispense cash and what happened later.
