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Digital arrest case: SC issues notice to Centre, CBI, RBI

The Supreme Court has sought responses from the Centre, the Central Bureau of Investigation and others on a plea filed by a 78-year-old retired banker who was duped of Rs 23 crore after allegedly...

Rs 54,000 cr digital fraud is 'dacoity', SC tells Centre to act

The SC has ordered the Centre to formulate a robust SOP, emphasising the need for banks to proactively prevent cybercrimes and protect vulnerable customers from digital arrest scams IMAGE: Kindly...

Retired soldier loses Rs 98 lakh during 15-day 'digital arrest'

A retired soldier of Bilaspur in Himachal Pradesh has been duped of Rs 98 lakh after being kept under 15 days 'digital arrest' by the fraudsters, officials said on Friday. Illustration: Dominic...

Elderly Delhi resident duped of over Rs 2 cr in cyber fraud

An electronic repair shop owner, a DJ operator, and a plastic plate manufacturer were among the five who duped a 78-year-old Delhi resident of more than Rs 2.19 crore, an officer said on Thursday....

Highlights of RBI's monetary policy

Following are the highlights of the bi-monthly monetary policy announced by Reserve Bank Governor Sanjay Malhotra on Friday:            Photograph: Francis Mascarenhas/Reuters Benchmark...

RBI pauses rate cuts, retains interest rate at 5.25%

The central bank has been tasked by the government to ensure that consumer price index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side. Photograph:...

RBI to roll out risk-based premium model for deposit insurance

The RBI will now charge banks different deposit insurance fees based on how risky they are, allowing safer banks to pay less premium. IMAGE: A man stands in front of the Reserve Bank of India...

RBI-Esma MoU set to end CCIL impasse

Tuesday’s agreement is part of a broader free trade pact signed after nearly two decades of negotiations aimed at deepening economic ties between India and the EU. Photograph: Francis...

RBI looks to ban sales incentive to bank staffers from third party

In the Draft Amendment Directions on the “Advertising, Marketing and Sales of Financial Products and Services by Regulated Entities”, issued on Monday, the regulator proposed that a bank shall...