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Banks, payment operators report Rs 1,750 crore payment frauds in 7 months: RBI

Card and internet frauds were just Rs 87 crore involving 2,321 frauds during the April-September period of 2022-23, according to the RBI’s Report on Trend and Progress in Banking.

Punjab national bankPayment services indiaBank advanced supervisory monitoring systemReserve bankAdvanced supervisory monitoring systemKrishnan chariChief risk officerNational bankAnniversary government financialQuick responseServices indiaAdditional factorPayment operatorsAnks operatorsNline payment frauds of rs 1750 crore

RBI gets tough on cyber frauds, launches new initiative

DAKSH is a web-based end-to-end workflow application through which RBI shall monitor compliance requirements.

Web team sourceBank governor shaktikanta das onWeb team representational imageBank governor shaktikanta dasAdvanced supervisory monitoring systemReserve bankSupervised entitiesReserve bank of indiaGovernor shaktikanta dasUptech initiative

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