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Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks

Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks

by AIP Online Bureau | Feb 7, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...
Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

by AIP Online Bureau | Jan 15, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management

Nagaraju said that significant progress has been made in expanding social security and deepening financial inclusion in the country through various flagship schemes of the government, and further urged the public and private sector banks to dedicatedly work towards...
Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

Finmin to meet heads of banks on Wed to review financial inclusion schemes

by AIP Online Bureau | Jan 12, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

M Nagaraju,Financial Services Secretary The Finance ministry from time to time launched various drives to achieve saturation under Pradhan Mantri Jan dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). New...
Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

FinMin asks banks, insurance firms to expedite public grievances resolution

by AIP Online Bureau | Jan 1, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Regulation

M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister’s direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks

Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

by AIP Online Bureau | Dec 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
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