Business

Fraud Risk

RBI asks banks to use DoT tool to curb cyber fraud

New Delhi: The Department of Telecommunications (DoT) sees the RBI's advisory to banks to integrate the Financial Fraud Risk Indicator (FRI) developed by it into their systems as a "watershed moment in the fight against cyber-enabled financial frauds". The RBI’s advisory to all scheduled commercial...

SBI Clerk Prelims 2025

SBI to classify RCom loan account as ‘fraud’

New Delhi: State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing....

 

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