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.......

FinMin Pushes RBI for Faster Fraud Shield

By enabling real-time data sharing, the platform will help prevent scams and ensure secure transactions. Illustration: Dominic Xavier/Rediff   The finance ministry has raised concerns with the......

Men posing as RBI officials stop cash van, flee with Rs 7 cr

In perhaps the first such incident in Bengaluru, unidentified men allegedly posing as Reserve Bank of India officials intercepted a ATM cash van and fled with about Rs 7 crore on Wednesday, police......

RBI deputy governor flags cyber risk over volume of personal data with FIs

The increasing use of models, algorithms, and code across the financial industry is reshaping how outcomes are generated. However, their limitations, such as explainability, embedded bias, and......

Forex Reserves Rise $14 Billion In Best Week In 10 Months: RBI

The total reserves increased to $701.3 billion on the back of a rise in foreign currency assets which increased by $9.6 billion to $560 billion during the reported week. Illustration: Dominic......

RBI proposes to cap banks' dividend payout at 75% of net profit

The Reserve Bank of India (RBI) on Tuesday came out with a draft framework on declaration of dividend by banks, as it proposed capping dividend payout to shareholders at 75 per cent of their net......

After Yes stake buy, Japan's SMBC gets RBI nod for wholly owned subsidiary

Months after picking up 24.21 per cent stake in private sector lender Yes Bank, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India’s (RBI’s)......