The Reserve Bank of India conducted a ₹1.3 trillion bid in its four-day variable rate reverse repo auction, highlighting persistent excess liquidity in the banking system despite measures to align short-term rates with policy targets. The Reserve Bank of India…
VTB now requires customers to confirm SIM card changes separately to combat rising fraud tactics targeting mobile numbers used for banking and online services. VTB is now asking customers to separately confirm a change of SIM card or a switch…
Businesses in Hyderabad are increasingly targeted by scammers impersonating owners on WhatsApp, with recent cases leading to significant financial losses and prompting police warnings to verify urgent fund requests through multiple channels. A Hyderabad private firm has reportedly lost Rs…
Criminals are increasingly using AI-generated voices and spoofed phone numbers to deceive older adults with scams such as the grandchild and police officer schemes, prompting calls for greater vigilance and family preparedness. Older people are often singled out by fraudsters…
As fraud losses escalate to billions, increasingly sophisticated AI-enabled scams are causing victims to face unexpected tax liabilities after losing their savings, prompting calls for legal reforms to mitigate the financial damage. A growing class of AI-driven fraud is leaving…
As retirees navigate income options, emphasis shifts towards flexible annuity structures, comprehensive comparison methods, and assessing insurer strength to secure reliable retirement income. Retirement income planning changes sharply once regular paycheques stop. At that point, the question is not just…
At Black Hat in Las Vegas, Filigran’s ScamBuster AI system reveals a novel approach to combatting email scams by convincing fraudsters to disclose their operational details through simulated conversations, potentially transforming anti-fraud strategies. At Black Hat in Las Vegas, Filigran…
The University Grants Commission alerts students and parents to scrutinise university credentials as 32 unauthorised institutions are identified operating across India, risking invalid degrees for employment and further education. India’s University Grants Commission has warned students and parents to check…
Akasa Air has obtained a ₹740 crore working capital loan from IndusInd Bank under the Emergency Credit Line Guarantee Scheme, supporting its ongoing growth as it celebrates four years in operation and plans an IPO. Akasa Air has secured a…
India Post’s government-backed five-year time deposit scheme promises predictable returns at 7.5%, providing an accessible, low-risk savings option in a fluctuating interest rate environment. India Post’s time deposit scheme is being pitched as a low-risk way to turn a single…
