RBI Guidelines
Latest news, explainers and analysis on RBI Guidelines. Tracking 2 stories on Arth Vani.
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Latest on RBI Guidelines
BreakingSC Directs RBI to Mandate Banks Compensate Cyber Fraud, Digital Arrest Victims
The Supreme Court has issued a significant directive to the Reserve Bank of India (RBI), urging it to formulate clear guidelines for banks to compensate victims of cyber fraud and 'digital arrest'. This move aims to provide a safety net for individuals who suffer financial losses due to increasingly sophisticated online scams.
New LaunchBreakingBanks Propose 'Yes-No' Prompts for High-Risk UPI Transfers to Combat Fraud
Indian banks have proposed introducing a 'Yes-No' prompt for suspicious UPI transactions to enhance security against digital payment frauds. The Reserve Bank of India (RBI) is currently evaluating these suggestions as part of developing new guidelines to protect users while maintaining payment convenience.
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