How the upcoming DPDP Act could reshape BFSI sector’s data practices
With the draft rules emphasising transparency, entities must provide clear, detailed notices about data collection, usage, and the process for…
Tag: RBI
Banks unlikely to face shocks, but tech can’t fix all the cost worries
Indian banks are preparing for higher compliance costs, tighter margins, and tougher fee competition, potentially affecting 2025 earnings. Operational costs…
Bank frauds in H1 FY25 surge eightfold to Rs 21,367 Crore
The figures for April-September FY25 indicate a stark increase compared to the 14,480 cases involving Rs 2,623 crore reported during…
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…
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…