The proliferation of AI-generated fake online shops has surged, exploiting the surge in e-commerce and demanding vigilant consumer checks amid rising fraud risks, industry experts warn. Fake e-shops have become a growing risk in online retail, exploiting the convenience that…
A Jalgaon man has been arrested for allegedly facilitating the movement of over ₹2.15 crore through mule accounts linked to a growing cybercrime syndicate exploiting online investment and job scams across India. A 31-year-old man from Jalgaon has been arrested…
The Odisha government has ordered state departments to link beneficiaries’ bank accounts with Aadhaar to enhance authentication, reduce errors, and prevent diversion of welfare payments amidst evolving national policies on Aadhaar seeding. Odisha’s finance department has ordered state departments to…
Fraudsters are increasingly using AI-generated voice cloning, copied email threads, and face-to-face deception to trick victims into handing over money or sensitive information, prompting calls for enhanced verification measures. Fraudsters are moving well beyond crude scam calls and typo-ridden emails.…
Bajaj Finance has expanded its repayment window to 108 months for eligible customers as part of its Loan Utsav 2026 campaign, offering flexible terms, promotional rewards, and no asset pledge requirements to finance large expenses. Bajaj Finance has widened the…
India’s financial regulators are implementing a new 1600 series numbering system for official banking calls to help customers distinguish genuine contact from scams, amid rising impersonation frauds, though vigilance remains essential. India’s banking regulator has moved to make suspicious phone…
Devika Armugam Pandaram, 38, took her life after discovering her bank account was involved in a widening cyberfraud investigation spanning several Indian states, highlighting the risks faced by innocents caught in online crime networks. Devika Armugam Pandaram, 38, a resident…
Karnataka Bank launches a new Capital Gains Account Scheme offering flexible options for taxpayers to preserve tax benefits while managing unutilised capital gains, aligning with evolving banking and tax regulations. Karnataka Bank has introduced the Capital Gains Account Scheme, widening…
HDFC Bank is phasing out its existing Swiggy co-branded credit card, introducing Swiggy ORNGE and Swiggy BLCK to cater to different spending habits, as grocery and food delivery transactions in India reach record highs. HDFC Bank is winding down its…
RBL Bank introduces enhanced fixed-deposit schemes for seniors, offering up to 7.95% interest with flexible payouts and lower early withdrawal charges, aiming to attract retired savers seeking stable income options. RBL Bank is offering higher fixed-deposit rates for older savers…
The Employees’ Provident Fund Organisation has introduced a revamped Scheme 2026, streamlining partial withdrawals to aid members during emergencies while safeguarding their long-term savings, with reduced waiting periods and broader access categories. The Employees’ Provident Fund Organisation has overhauled its…
The Press Information Bureau has debunked viral social media claims of Rs 3 lakh loans under a ‘Prime Minister Loan Scheme’, warning the public against fake advertisements and scams exploiting official-sounding language. Social media posts claiming the Indian government is…
