Careful about AI, it’s legit caveat from RBI
AI has the potential to revolutionise the 21st century like the steam engine did for the 19th century. However, the…
Tag: RBI
Vizag police bust illegal payment gateway scam
The operation revealed that some Indian nationals were masquerading as Chinese nationals to run such call centres involved in fraudulent…
RBI pushes fintech to cross-border, says will provide infra
The SROs have also been asked to ensure fair pricing and check the practice of `dark patterns’ – deceptive tactics…
RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla Fincorp
The action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of…
Banks need to be cautious with 3rd-party vendors: RBI’s Swaminathan
Speaking at a convention organised by the International Association of Deposit Insurers, RBI deputy governor J Swaminathan called upon banks…
CISO-level official, online alerts mechanism: RBI’s measures for non-bank PSOs
The Reserve Bank of India issued directions on Cyber Resilience and Digital Payment Security for non-bank Payment System Operators. The…
RBI issues guidelines for non-bank payment service providers to prevent cyber security risks
The large non-bank PSOs need to abide by the directions by April 1, 2025. These include Clearing Corporation of India…
Risk of data breaches, cyber frauds up due to digitization: RBI report
The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by…
Banks in a bind over Trai mandate on digital consent
Banks are grappling with new regulations from the Telecom Regulatory Authority of India (Trai) requiring digital consent for commercial communication.…
Banks put on alert! RBI warns banks of ‘credible threat intelligence’ regarding cyberattacks
Banks have been asked to enhance surveillance to guard against cyber threats, monitor critical payment systems, and strengthen defences with…