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.
Delhi Police have dismantled a cyber fraud operation that used a fake online investment platform to deceive victims, leading to the arrest of three individuals involved in the scheme.
Nuh Police have arrested three alleged cyber fraudsters involved in sextortion and online fraud through fake messages. Police also recovered fake SIM cards, mobile phones, and digital data related to cyber fraud from their possession.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
OTP scams accounted for over one-fourth of all cyber frauds.
The State Consumer Disputes Redressal Commission has directed Bank of India to compensate a senior citizen for losses incurred due to unauthorized ATM transactions, citing deficiency in service and failure to adhere to security protocols.
The Employees' Provident Fund Organisation (EPFO) will soon allow subscribers to withdraw their EPF and transfer it directly to their bank accounts through the UPI payment gateway. Testing of the facility has been completed, according to Labour Minister Mansukh Mandaviya.
Handle cards like you would handle cash.
Mumbai Police's 1930 cyber helpline has successfully intercepted and frozen over 101 crore defrauded from citizens in the last five months, preventing significant financial losses.
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).
Using credit or debit cards abroad can prove costly.
A local court in Mumbai acquitted a 23-year-old Jharkhand resident in a cyber fraud case, citing a lack of evidence proving a criminal conspiracy. The court ruled that merely crediting a defrauded amount into a person's bank account does not constitute a criminal offence without proof of involvement in the conspiracy.
Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali
The CBI has conducted searches across multiple states in connection with a large-scale online financial fraud involving the overseas fintech platform 'Pyypl'.
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.
It's always been a struggle for economists and statisticians to forecast India's gross domestic product (GDP) correctly, and say where the economy is headed before the official numbers come out. If estimating the GDP is tough, forecasting it in real time is complicated. It involves looking at tens of indicators, such as industrial production, electricity consumption and exports, to arrive at a number.
The Directorate of Revenue Intelligence (DRI) has seized approximately 8.3 kilograms of crystal methamphetamine worth Rs 8.3 crore in Bengaluru and arrested three individuals involved in the drug trafficking network.
Delhi Police have arrested two men from Uttar Pradesh for allegedly cheating a Delhi resident of Rs 1.25 lakh by posing as customer care executives of an e-commerce brand.
Reports suggest this lot could fetch the cybercriminal as much as $130 million upon sale.
Taxi booking, shopping and transfer of money will be easy.
Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording all-time-high transaction volumes every year.
Five individuals, including an electronic repair shop owner and a DJ operator, have been arrested for allegedly defrauding a 78-year-old Delhi resident of over Rs 2.19 crore through a sophisticated cyber fraud involving impersonation of law enforcement officials and a 'digital arrest'.
Delhi Police arrested over 600 individuals and detained over 8,300 suspects during Operation CyHawk 4.0, a major crackdown on cybercrime. The operation targeted financial networks and call centres involved in online scams, recovering significant digital evidence and tracing defrauded money.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
India has become the largest market for Visa debit and pre-paid cards in Asia-Pacific with about 3.39 crore card-holders in 2006, accounting for about 34 per cent of the company's total customer-base of 10 crore in the region.
Online purchases with a debit card are much safer because transactions take place on the bank's website rather than the merchant's.
Delhi Police arrested over 600 people and rounded up over 8,300 suspects during Operation CyHawk 4.0, a large-scale crackdown on cybercrime.
In a major counter-terror operation spanning three states, the Delhi Police has dismantled a Lashkar-e-Taiba (LeT) module comprising eight operatives, including seven Bangladeshi nationals who had illegally entered India and procured forged identity documents, an official said on Sunday.
This would imply a 29 per cent year-on-year rise, significantly lower than growth rates seen in recent years.
These directions on enhancing security of card transactions will come into effect from March 16, 2020, as per the RBI notification.
Do you know what are the pros and cons of using a credit card and/ or debit card? Here's a simple take on which is better and which is not.
After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.
The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of levying TCS on all spending. The government had earlier this week brought overseas credit card spending under Liberalised Remittance Scheme (LRS). This meant that any spending using credit cards overseas would attract a 20 per cent tax from July 1.
While UIDAI has given a nod for face authentication, banks need to join the process.
Fahadh Faasil reunites with Maamannan co-star Vadivelu for the film Maareesan.
Sending money from the US to India has become costlier after a 1% excise tax on cash-based remittances took effect from January 1, 2026.
Here's how do you decide whether to use your debit card or your credit card when you pay a bill at a retail shop, restaurant or any other establishment.
'Revolving credit without full repayment causes interest to outpace repayment capacity, and leads to financial distress.'
Contactless card transactions can be up to three times faster than cash payments
