New Delhi, May 19 (IANS) The Unified Payments Interface (UPI) commanded the largest share of transaction volume at 85.5 per cent in the second half (H2) of 2025, followed by NEFT at 3.6 per cent and Prepaid Payment Instruments (PPIs) at 3.6 per cent, according to a latest report by the Reserve Bank of India (RBI).RTGS accounted for a mere 0.1 per cent, reflecting its role as a high-value, low-volume system.“Conversely, in terms of transaction value, RTGS dominated with 68.6 per cent of the tot…
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Lucknow, May 14 (IANS) The Central Bureau of Investigation (CBI) has arrested two accused in a bank fraud case involving unauthorized fixed deposits worth Rs 64 crore in the name of an Uttar Pradesh government entity and embezzlement of interest, an official said on Thursday. The CBI registered the instant case on January 15 on receiving a complaint from Bank of India, Lucknow, against accused Deepak Sanjeev Suvarna and Deepak Yadava – both private persons, the probe agency said.The accused we…
Panaji, Feb 27 (IANS) The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs 3 crore in Goa in connection with a major money laundering probe linked to alleged fraudulent investment schemes operated by Myron Rodrigues and others, an official statement said on Friday.The action was taken by the ED’s Panaji Zonal Office on February 18 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.The investigation was initiated on the basis of FIRs…
Hyderabad, Feb 25 (IANS) The Telangana police on Wednesday launched ‘Operation Crackdown’, a special operation to break the cybercrime network across the state.Conceived by Telangana Cyber Security Bureau (TGCSB), ‘Operation Crackdown’ will involve a series of operations over the next few months, wherein the TGCSB, in collaboration with districts and commissionerates, will target the crime-criminal networks and Cybercrime ecosystem in the state so as to dismantle them and control cybercr…
Hyderabad, Dec 29 (IANS) Two men from Gujarat have been arrested by Hyderabad Police in a ‘digital arrest’ case in which more than Rs 1.95 crore was extorted from a woman.The Cyber Crime Police of Hyderabad arrested Saiyad Soyab Jahid Bhai and Belim Anas Rahim Bhai, both residents of Bhavnagar, GujaratThe accused persons played a crucial role in the commission of the cyber fraud by using multiple mule bank accounts to receive and withdraw the cheated money, which was subsequently transferred…