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February 6, 2026, 04:33 PM - 3 min read
The RBI has announced a one-time compensation of up to ₹25,000 for bank customers hit by digital fraud, including cases involving shared OTPs, with payouts to be made from the ₹85,000-crore Depositor Education and Awareness Fund.
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December 7, 2024, 04:55 PM - 3 min read
In a meeting chaired by Financial Services Secretary M Nagaraju, banks and financial institutions were asked to use artificial intelligence tools including MuleHunterAI developed by the Reserve Bank to rein in growing financial frauds.
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November 29, 2024, 09:26 PM - 2 min read
Five individuals have been arrested for their involvement in the racket, which operated in coordination with a gang in China. However, the mastermind remains at large. The prime suspect, Parth Gopani, is believed to be in Cambodia.
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