Tag: digital frauds
Posted in Economy
Financial Services secretary flags digital risks, says AI key to tackling mule accounts
Mumbai: The government has expressed serious concerns over the sharp rise in digital frauds, with financial services secretary M Nagaraju flagging the growing menace of…
Posted in Economy
Digital frauds: RBI Governor Sanjay Malhotra calls for collaboration between regulator, regulated to protect customers
Kolkata: Reserve Bank of India Governor Sanjay Malhotra called for a collaborative approach between the regulator and the regulated in protecting customers from the menace…
Posted in Economy
Imbibe spirit of regulations, just don’t follow tick-box based compliance culture: RBI Governor to regulated entities
Mumbai: Financial institutions need to imbibe the spirit of regulations, rather than just “tick-box-based compliance culture”, Reserve Bank Governor Sanjay Malhotra said on Friday as…
Posted in Economy
Digital frauds spike since July; RBI probing causes, warns of risks from digital currencies
The incidence of digital frauds has risen since July, and the Reserve Bank of India (RBI) is analysing the data to understand the reasons behind…