Latest Banking Institutions News & Updates

Hyderabad, April 21 (IANS) In a move to combat cybercrime, Hyderabad Police Commissioner VC Sajjanar has suggested critical changes to the banking system, stating that such reforms are imperative to dismantle organised syndicates operating across the country. In a detailed letter addressed to Reserve Bank of India Governor Sanjay Malhotra on Tuesday, the Commissioner highlighted how ‘mule accounts’ created in the names of innocent individuals have become the focal point of cyber fraud.These reve…

New Delhi, Feb 10 (IANS) Highlighting the need to counter institutionalised cyber crime, Union Home Minister Amit Shah said on Tuesday that security agencies led by the Indian Cyber Crime Coordination Centre (I4C) have saved or frozen over Rs 8,000 crore out of Rs 20,000 crore swindled by scamsters till November 30, 2025. Addressing the National Conference on Tackling Cyber-Enabled Frauds Law Dismantling the Ecosystem organised by the Central Bureau of Investigation (CBI), HM Shah said 82 lakh c…