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The Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large transactions above ₹10,000. This aims to break fraudsters' psychological hold on victims. Other options include trusted person authentication for seniors and disabled individuals, and a 'kill switch' for digital payments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9u7I3Am via IFTTT

The CBI has launched an extensive inquiry into an alarming Rs 590 crore embezzlement scheme concerning Haryana's government funds. Reports indicate that employees from IDFC First Bank, alongside certain private entities, engineered a diversion of funds into phantom enterprises and jewelry ventures. The investigation points to a web of financial transactions aimed at supporting lavish gold purchases and property deals. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/w3MxaDe via IFTTT

Indian banks saw their bad loan ratio drop to 2% by December 2025. This improvement spans across retail, services, industry, and agriculture sectors. Bank credit growth accelerated to 13.8 percent year-on-year by March 2026. The Reserve Bank of India noted no systemic concerns despite global supply chain disruptions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lrZMIqQ via IFTTT

The Reserve Bank of India has stated that HDFC Bank's board minutes and records are reviewed as part of its supervision. The central bank reiterated that no governance or conduct issues were found. RBI Governor Sanjay Malhotra confirmed no need to change existing rules. Deputy Governor Swaminathan J added that current events do not warrant regulatory tweaks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IwgvWsR via IFTTT

The Reserve Bank of India has stated that its supervisory inspections of HDFC Bank revealed no governance or conduct issues. Governor Sanjay Malhotra confirmed this, noting that the RBI reviewed meeting minutes and found nothing of material concern. HDFC Bank is described as a systemically important bank with sound financials and a competent management team. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DK40iIU via IFTTT

The Reserve Bank of India is set to update bank board guidelines with an aim to shift board focus from daily operations to policy matters. Central bank Governor Sanjay Malhotra announced the plan at his policy meet address. The move, which follows recent issues at HDFC Bank, will allow boards to dedicate more time to strategic policy decisions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wAoFUlh via IFTTT