by AIP Online Bureau | Feb 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
“As long as (the customers) are defrauded whether on their own accord or anyone else’s accord, no questions asked… we will compensate them as long as it is unintended,”Reserve Bank Governor Sanjay Malhotra MUMBAI: Amid growing digital fraud, the...
by AIP Online Bureau | Nov 20, 2025 | Banking & Bancassurance, Data, Eco/Invest/Demography
With the rise of AI-enabled scams and digital impersonation, he warned that banks face an increasingly complex threat landscape. Criminals no longer rely solely on direct financial theft; instead, they exploit sensitive data to pose as legitimate institutions. New...
by AIP Online Bureau | Nov 20, 2025 | Eco/Invest/Demography, Life, Non-Life, Regulation, Risk Management, Technology
While people welcome Gen AI’s convenience and possibilities for personalisation, they remain concerned about data privacy, accuracy, and maintaining access to human support. ZURICH: Generative AI (Gen AI) is transforming how insurance customers interact with their...
by AIP Online Bureau | May 17, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
The fraudsters allegedly hacked the server through a mobile phone application of a customer, who holds an account at the bank’s Hatli branch in Chamba district Shimla: Fraudsters allegedly used a customer’s mobile phone to hack the Himachal Pradesh State...
by AIP Online Bureau | Mar 15, 2025 | Banking & Bancassurance, Indian News, Regulation, Technology
Earlier this week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35 per cent of the bank’s net worth. Soon after the disclosure, massive price correction in the bank’s scrip was witnessed. Mumbai: The Reserve Bank on...
