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Reserve Bank of India (RBI) | Bank unions and civil society forums urge Reserve Bank of India to impose cap on commissions

Reserve Bank of India (RBI) | Bank unions and civil society forums urge Reserve Bank of India to impose cap on commissions
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NPCI swings into action to prevent AePS frauds - The Hindu BusinessLine

NPCI swings into action to prevent AePS frauds - The Hindu BusinessLine
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IMPS Glitch at UCO Bank: Civil Society Forum Expresses Concerns on Banking System and IT Security

Referring to the recent mobile payment service (IMPS) glitch resulting in an erroneous transfer of Rs820 crore to various account holders of UCO Bank, Bank Bachao Desh Bachao Manch (BBDBM or Manch), a civil society organisation, has suggested four measures to protect banks, India s financial system and banking customers.

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Jeevan Pramaan Life Certificate: BBDB Manch Warns about AePS and Phishing Frauds

Pensioners who get their due pension through pension disbursing authorities (PDAs), such as the bank or the post office, are required to furnish a life certificate or jeevan pramaan patra to these PDAs once every year. This life certificate is submitted by presenting themselves personally or by delivering it in the prescribed format.

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Concerns over Aadhaar Data Breach and Frauds Prompt Civil Society Forum to Call for Banking Safeguards

In a recent development that has sent shockwaves through the banking and financial sectors, the Bank Bachao Desh Bachao Manch, a civil society forum, has penned a letter to the Reserve Bank of India (RBI) governor, Shaktikanta Das, expressing serious concerns about the reported Aadhaar data breach and the potential for exponential growth in fraudulent activities across the nation through the Aadhar Enabled Payment System (AEPS).

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