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<ul><li>The State Bank of India’s (SBI) server was left without any password protection exposing the contact details, balances and partial account number details of its users. </li><li>The server has since been secured, but while left vulnerable, it had archived messages going back to December. </li><li>While no sensitive data was disclosed, the data breach leaves customers susceptible to social engineering hacks and extortion.</li></ul>Hacking is where someone has to bypass security in order to get information, but India’s largest bank, the State Bank of India (SBI), left the data of millions of users exposed all because it <a href="https://techcrunch.com/2019/01/30/state-bank-india-data-leak/">did not set a password</a> on its server. The ‘SBI Quick’ server — a service that allows the bank’s customers to text the bank for information on their accounts — has reportedly been secured since the report. But while it was open, it had archives of messages dating back to December according to TechCrunch’s investigation. That’s millions and millions of messages about balance information, loan inquiries, financial transactions and other data — although there were no passwords disclosed. The data breach was spotted by a security researcher (unnamed) and verified by Karan Saini, the researcher who previously found a leak in India’s Aadhaar database, the largest biometric authentication system in the world. Business Insider has reached out to SBI but they are yet to issue a response on the data breach. . Your data is secure… so far While there was no sensitive data on the server, simple details like partial account numbers and contact information can render the SBI customers vulnerable to ransom demands. Social engineering attacks, one of the most common ways commit financial fraud, could also be a possibility. Drawing a correlation between a phone number and a high account balance, a social engineering attack would involve human interaction and manipulating their targets in to breaking normal security guidelines. 
 
 <div type="ExtQuote" text="“The data available could potentially be used to profile and target individuals that are known to have high account balances.&quot;" auname="Karan Saini, security researcher told TechCrunch"></div>





 The scope of the problem As India’s largest bank, SBI claims to have more than 500 million customers worldwide with 740 million accounts. And since the bank hasn’t issued any response there isn’t any data available to determine exactly which customers’ data was exposed and how many customers are vulnerable overall. But, in a single data, the server shoots out nearly three million messages which doesn’t paint a very encouraging picture. India’s problem with data Protecting data is a much larger program and goes beyond SBI. It’s not companies aren’t spending on security, but it’s getting harder to stay ahead of the challenges. To be fair, in SBI’s case, it was a simple case of negligence. When the Cosmos Bank — a 112 year old bank in India — was <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/north-korean-connection-to-cosmos-hacking-signs-point-to-bangladesh-heist-masterminds/articleshow/65411640.cms">hacked</a> in August last year, it was the victim of an attack carried out by the Lazarus Group of North Korea. A report by the Boston Consulting Group (BCG) <a href="https://www.bcg.com/en-in/capabilities/technology-digital/mastering-cybersecurity.aspx">found</a> that among 50 of the recent major data breaches, only 28% were caused by inadequate security tech. In all the other cases — that’s 72% or nearly three-quarters — the breaches were caused due to organizational failure, process failure or, simply, employee negligence. While improving the technology behind cybersecurity is important, it’s also key to drive resilience measures in order to improve efficacy. See also: <a href="https://www.businessinsider.in/nearly-773-million-email-accounts-have-been-exposed-in-a-massive-data-breach-heres-how-to-check-if-you-were-affected/articleshow/67576032.cms">Nearly 773 million email accounts have been exposed in a massive data breach. Here's how to check if you were affected</a> <a href="https://www.businessinsider.in/state-bank-of-india-halves-withdrawal-limit-at-atms-to-20000-per-day-to-prevent-fraud/articleshow/66442390.cms">State Bank of India halves withdrawal limit at ATMs to ₹20,000 per day to prevent fraud</a> <a href="https://www.businessinsider.in/the-21-biggest-data-breaches-of-2018/articleshow/67045497.cms">The 21 biggest data breaches of 2018</a>

India’s largest bank leaves the data of millions of users exposed

Cybercriminals are trying to lure Indian users into revealing important personal information with a new report on Monday warning that suspicious messages asking users to submit an application for the disbursement of income tax refund have been doing the rounds, with a link that directs users to a webpage looking like the income tax e-filing web page. The targeted banks in the campaign include the <keyword id="6354731" type="UNKNOWN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword>, ICICI, HDFC, <keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> and <keyword id="62034" type="CITY" weightage="20" keywordseo="Punjab-National-Bank">Punjab National Bank</keyword>, revealed an investigation by New Delhi-based think tank CyberPeace Foundation along with cybersecurity services firmAutobot Infosec. The suspicious links originate from the US and France, said the report, adding that the campaign is collecting personal as well as banking information from the user and getting into this type of trap could cause a massive financial loss for the users. The shared link with the SMS has no domain name and is not linked with the Indian government. All IP addresses associated with the campaign belong to some third party dedicated cloud hosting providers, said the report. The whole campaign uses plain http protocol instead of the secure https. This means anyone on the network or internet can intercept the traffic and get the confidential information in plain text to misuse against the victim. It asks users to download an application from a third party source instead of Google Playstore. The application asks to provide administrator rights and unnecessary access permissions of the device. On opening the link http://204.44.124[.]160/ITR, users are redirected to a landing page that is mostly similar to the government income tax e-filing website. On clicking the green 'Proceed to the verification steps' button, users are asked to submit personal information such as full name, PAN, Aadhar number, address, pincode, date of birth, mobile number, email address, gender, marital status and banking information like account number, IFSC code, card number, expiry date, CVV/CVC and card PIN. Additionally, the bank name is automatically detected from the IFSC code entered in the form. After submission of data, users are redirected to a page where they are asked to confirm the entered data. Clicking on the green 'confirm' button directs users to a fake banking login page almost similar to the official one. It asks for the username and password for online banking. After these details are entered, for the next step, users are asked to enter a Hint question, Answer, Profile password and CIF number. Once submitted, a mobile verification section with instructions provided to download an android application (.apk file) appears, to complete the ITR verification. Here, users are deliberately instructed to grant all device permissions to the particular application, the investigation revealed. The application, called Certificate.apk, starts downloading upon clicking the green 'Download' link. The overall layout and functionalities of the web page used in the campaign are similar to the official e-filing site to lure laymen, said the report. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/bank-employees-in-india-on-strike-today-and-tomorrow-but-mobile-and-net-banking-services-are-working/articleshow/81505273.cms">Bank employees on strike today and tomorrow — ATMs, net and mobile banking likely to be the only relief</a> <a href="https://www.businessinsider.in/tech/news/indias-personal-data-protection-law-versus-europes-gdpr/articleshow/81504058.cms">Being GDPR compliant doesn't necessarily make companies ready for India's upcoming data protection laws</a> <a href="https://www.businessinsider.in/business/startups/news/stripe-the-most-valued-startup-in-the-us-to-offer-payment-services-to-indias-merchants-after-its-latest-fundraise/articleshow/81504106.cms">Stripe, the most valued startup in the US, to offer payment services to India’s merchants after its latest fundraise</a>

SBI, ICICI, HDFC, Axis Bank, PNB and the Indian IT department targeted in phishing scam

Last week, Prime Minister Narendra Modi met senior finance ministry officials and got aware of rising bad loans at <keyword id="488657" type="UNKNOWN" weightage="100" keywordseo="state-run-banks">state-run banks</keyword>. 
Some of these banks have announced that they could not get desired third-quarter results because they were pushed by RBI to set aside money so that bad loans can be covered and their books can be cleaned up. 
 
READ: <a href="http://www.businessinsider.in/Banks-will-be-restored-to-health-by-March-2017-says-Raghuram-Rajan/articleshow/50958108.cms">Banks will be restored to health by March 2017, says Raghuram Rajan</a> 
 
"The prime minister was apprised of the situation. It is not that grave as it is made out to be," a senior government official told ET. "We are hopeful that as the bankruptcy law gets passed, financial institutions will have more teeth to rein in defaulters." 
 
Capital requirements of state-run banks and the impact of bad loans on their profitability were also the topics of discussion in the meeting. 
 "The government is committed to adequately capitalise PSBs (public sector banks)," he said. "It is expected that the last quarter of this fiscal will also see some more rise in bad loans because of <keyword id="6354335" type="CITY" weightage="100" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword>'s asset quality review (AQR)." 
 
The government has already committed Rs 70,000 crore to be given till FY19 for bank recapitalisation, and the amount can be increased if required, said the official. 
 
READ: <a href="http://www.businessinsider.in/Indias-largest-banks-profits-after-tax-slipped-by-61-in-Q3/articleshow/50945240.cms">India’s largest bank’s profits after tax slipped by 61% in Q3!</a> 

<a href="http://blogs.timesofindia.indiatimes.com/wp-content/uploads/2015/06/narendra-modi-new.jpg">Image source</a>

State-run banks brief PM Modi about rising bad loans

Employees of <keyword id="6354731" type="CITY" weightage="80" keywordseo="State-Bank-Of-India">State Bank of India</keyword>'s associate banks, including State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and <keyword id="143585" type="COMPANY" weightage="80" keywordseo="State-Bank-of-Hyderabad">State Bank of Hyderabad</keyword> went on a one-day <keyword id="6358138" type="UNKNOWN" weightage="60" keywordseo="Strike">strike</keyword> on Thursday. They are protesting against the decision to merge these banks with the SBI permanently. The employees demanded filling up of vacancies, increasing the number of staff in the <keyword id="157757" type="UNKNOWN" weightage="80" keywordseo="housing-loan">Housing loan</keyword> section and extending the compassionate ground appointments to associate banks, a PTI report said. 
		 
	
		The SBI associate banks employees also warned the management that they would go for a nationwide strike on June 24 if their demands are not fulfilled. They want the management to find a solution soon. 
		 
	
		Recently, talks were held in Delhi over the matter, but failed to reach a conclusion. This prompted the unions to call for the strike. The <keyword id="6452174" type="ORGANIZATION" weightage="80" keywordseo="All-India-Bank-Employees-Association">All India Bank Employees Association</keyword> claimed that 50,000 employees participated in the strike today. 
	(Image: Indiatimes)

SBI's associate banks employees on strike today

<ul><li>The <keyword id="6354335" type="COMPANY" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> had put a <keyword id="117489" type="PERSON" weightage="20" keywordseo="moratorium">moratorium</keyword> on <keyword id="45660" type="COMPANY" weightage="20" keywordseo="Yes-Bank">Yes Bank</keyword>, imposed withdrawal restriction of Rs 50,000 only till April 3. </li><li>The bank has now said that its ATMs are fully up now and customers can withdraw the stipulated amount from other banks' ATMs as well. </li><li>As per the RBI's draft reconstruction scheme, <keyword id="6354731" type="DOMAIN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword> will pick up 49 per cent stake in the crisis-ridden Yes Bank.</li></ul>Crisis-hit Yes Bank said on Tuesday that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed moratorium on the lender. The announcement comes as panic gripped the bank's customers, who queued before ATMs and bank branches to withdraw money. They were also not even able to access Internet banking and other services like digital payments through another party's platform. Forex services and credit card purchases, among others, were also impacted. "Inward IMPS/NEFT services have now been enabled," Yes Bank tweeted. "You can make payments towards YES Bank credit card dues and loan obligations from other bank accounts. Thank you for your co-operation." The Reserve <keyword id="6355303" type="DOMAIN" weightage="20" keywordseo="bank-of-india">Bank of India</keyword> had put a moratorium last Thursday on the cash-strapped Yes Bank, imposed withdrawal restriction of Rs 50,000 only till April 3 and superseded its board through appointment of an administrator. However, the bank has now said that its ATMs are fully up now and customers can withdraw the stipulated amount from other banks' ATMs as well. During the moratorium period, Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment. As per the RBI's draft reconstruction scheme, State Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan by infusing capital of Rs 2,450 crore. The bank's financial health is not sound as it has failed to raise enough capital under the new leadership of Ravneet Singh Gill, who took charge as the managing director and CEO from March last year. Troubles at new-generation private sector started brewing up ever since the the Reserve Bank denied extension to its co-founder Rana Kapoor -- who now is in the custody of the Enforcement Directorate on charges of financial mismanagement and money-laundering -- to continue as MD and CEO in September 2018, and had asked the lender to find a new successor. Yes Bank's administrator, Prashant Kumar, a former SBI executive, had on Friday assured customers that the moratorium period could end by this weekend.

Yes Bank says credit and loan payments can be made via other bank accounts

The <keyword id="6354731" type="DOMAIN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword> (<keyword id="13222" type="DOMAIN" weightage="20" keywordseo="SBI">SBI</keyword>) here on Wednesday reduced the marginal cost of funds-based lending rate (<keyword id="6376846" type="PERSON" weightage="20" keywordseo="mclr">MCLR</keyword>) by 10-15 basis points across tenors. "The one-year MCLR comes down to 7.75 per cent from 7.85 per cent with effect from March 10, 2020. It's the tenth consecutive cut in MCLR in FY20," the country's largest lender said in a statement. With this, the equated monthly instalments (EMIs) on home loans linked to MCLR will get cheaper by around Rs 7 per Rs 100,000 on a 30-year loan. EMIs on car loans will come down by Rs 5 per Rs 100,000 on a 7-year loan. In view of adequate liquidity in the system, the SBI has realigned the interest <keyword id="6375571" type="UNKNOWN" weightage="20" keywordseo="rates">rates</keyword> on term deposits as of March 10, 2020. The retail term deposit rates have been reduced by 10 bps for one year and above tenor, and 50 bps for up to 45 days. The bulk term deposit rates have been reduced by 15 bps for 180 days and above tenors. --IANS rv/pcj

SBI cuts interest rates making home and car loans cheaper

The finance ministry has asked four large <keyword id="44530" type="COMPANY" weightage="20" keywordseo="PSU">PSU</keyword> lenders to explore opportunities for acquisition of small and mid-sized banks with a goal to create global sized lenders, sources told PTI. One of the possibilities is that large public sector banks (PSBs) like Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India could try looking for potential candidates for acquisition, they said. So, informally, the finance ministry has sounded them that they should study the possibility for mergers and acquisitions so as to acquire scale and size of <keyword id="6354731" type="CITY" weightage="20" keywordseo="State-Bank-Of-India">State Bank of India</keyword> (<keyword id="13222" type="CITY" weightage="20" keywordseo="SBI">SBI</keyword>), the sources added. There are factors like regional balance, geographical reach, financial burden and smooth human resource transition that have to be looked into while taking a merger decision, they said, adding there should not be merger of a very weak bank with a strong one "as it could pull the latter down". However, the clear picture would emerge only after the Niti Aayog report sets the tone and tenure of the roadmap for the second round of consolidation in the banking sector. In the last consolidation drive, five associates and Bharatiya Mahila Bank (BMB) became part of SBI on April 1, 2017, catapulting the country's largest lender to among the top 50 banks in the world. <keyword id="229649" type="COMPANY" weightage="20" keywordseo="State-Bank-of-Bikaner">State Bank of Bikaner</keyword> and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), <keyword id="4376212" type="COMPANY" weightage="20" keywordseo="State-Bank-of-Patiala">State Bank of Patiala</keyword> (SBP) and <keyword id="6560713" type="COMPANY" weightage="20" keywordseo="State-Bank-of-Travancore">State Bank of Travancore</keyword> (SBT), besides BMB, were merged with SBI. With the merger, the total customer base of the SBI reached around 37 crore with a branch network of around 24,000 and nearly 59,000 ATMs across the country. The merged entity began operation with deposit base of more than Rs 26 lakh crore and advances level of Rs 18.50 lakh crore. The government in February had approved the merger of these five associate banks with SBI. Later in March, the cabinapproved merger of BMB as well. SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State <keyword id="269823" type="COMPANY" weightage="20" keywordseo="Bank-of-Indore">Bank of Indore</keyword> was merged with it. Enthused by the success of SBI merger, the finance ministry is considering clearing another such proposal in the public sector banking space by this fiscal-end. Another round of merger should kick off once the non- performing assets (NPAs) situation improves. Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-December of 2016-17, the bulk of which came from power, steel, road infrastructure and textile sectors.

This is why the Finance Minister wants to acquire more small and mid-sized banks

<ul><li>India’s central bank, the Reserve Bank of India (RBI), has issued a notice alerting online payment systems to be careful of an app called ‘AnyDesk’. </li><li>The app can allegedly access confidential user data to conduct fraudulent financial transactions through apps on the Unified Payments Interface (UPI). </li><li>129 banks currently used UPI in India overseeing transactions amounting to ₹1 trillion. </li></ul>As online transactions have boomed in India, so have the <a href="https://www.businessinsider.in/indian-corporates-are-not-prepared-to-take-on-cyber-attacks-report/articleshow/68041682.cms">instances</a> of financial fraud. In its most recent notice India’s central bank, the Reserve Bank of India (RBI), has warned banks and payment system operators to be vary of an app called ‘AnyDesk’ that’s being used by fraudsters to gain access to confidential user data. 
 
 
 
 <div type="ExtQuote" text="“An app code (nine-digit number) would be generated and once the fraudster inserts this code, he would ask the victim to grant permission. Post this, the fraudster will get full access to the victim’s device.”" auname="RBI circular"></div>







 The circular highlights how once ‘AnyDesk’ has the requisite permissions, the app allegedly uses its access the confidential data to carry out fraudulent transactions using apps that are based on the Unified Payments Interface (UPI). India’s lax cybersecurity Earlier this year, on January 10, the RBI <a href="https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=11452&amp;Mode=0">issued</a> a notice alerting developers of payments apps in India to introduce more stringent controls. Even the National Payments Commision of India (NPCI), the umbrella organisation that oversees all retail payments, issued a similar notice asking developers to be wary of what kind of data is being accessed on user’s devices. Indian banks aren’t safe from the onslaught either. Cosmos bank, a Pune-based Indian bank, was <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/cosmos-banks-server-hacked-rs-94-crore-siphoned-off-in-2-days/articleshow/65399477.cms">robbed</a> of ₹940 million because hackers were able to clone Visa and RuPay debit cards last year. The bank assured customers that the core banking system was safe and it was only the payments gateway that was hacked. 
	
 
 
 <div type="image" title="Cosmos-Bank-696x464" msid="68043247" hostid="261" caption="&amp;lt;p&amp;gt;Cosmos Bank branch in Maharashtra&amp;lt;/p&amp;gt;"></div>







 The use of digital wallets and online transactions have seen an increase since the government’s demonetisation exercise. And while hacking is a reality, there are also startups working on solving that problem. Appknox, for example, is a startup that <a href="https://appknox.com/in/">specialises</a> in mobile app security and has identified several critical vulnerabilities in UPI mobile apps. It’s critical to raise awareness about online digital security especially since India <a href="https://www.npci.org.in/product-statistics/upi-product-statistics">currently</a> has 129 banks on UPI will over 650 million transactions amounting to ₹1 trillion as of January. See also: <a href="https://www.businessinsider.in/indian-corporates-are-not-prepared-to-take-on-cyber-attacks-report/articleshow/68041682.cms">A majority of Indian corporates are unprepared for cyber security challenges: Report</a> <a href="https://www.businessinsider.in/can-nilekani-the-architect-of-the-worlds-largest-biometric-project-spark-digital-payments-in-india/articleshow/67439834.cms">Can Nilekani, the architect of the world’s largest biometric project, spark digital payments in India?</a> <a href="https://www.businessinsider.in/here-are-the-biggest-bank-frauds-that-happened-in-india-last-financial-year/articleshow/63942569.cms">Here are the biggest bank frauds that happened in India the previous financial year</a>

India’s central bank tells digital wallets to avoid this app linked to compromising confidential user data

The number of cyber frauds in India has spiked as more people start using <keyword id="48346" type="TECHNOLOGY" weightage="80" keywordseo="Mobile-banking">mobile banking</keyword>, <keyword id="285745" type="ORGANIZATION" weightage="80" keywordseo="NEFT">NEFT</keyword> and <keyword id="6356014" type="ORGANIZATION" weightage="80" keywordseo="RTGS">RTGS</keyword>, a recent study by PwC and ASSOCHAM states. 
 
"Whether it's financial transactions, customer experience, marketing of new products or channel distribution, technology has become the biggest driver of change in the financial services sector. Most financial institutions are therefore insisting on cashless and paperless transactions," the report said. 
 
The mobile frauds jumped from less than Rs 10 Crores in 2011-12 to around Rs 70 Crores in 2014-15. 
 
The most common kind of frauds include documentation frauds, diversion of funds, identity theft and cyber related theft targeting customers directly. In cyber frauds the customers were cheated through site cloning, hacking, debit card scheming, social engineering and computer viruses amongst others. 
 
"Mobile banking application being mapped to an incorrect mobile number: For bank customers who do not use mobile banking, an employee of the bank could attach an associate's mobile number to the bank account and install a mobile application on his mobile device. The customer's account is compromised by the associate and he or she does not get any notification about the same," the report said. 
 
(Image credit: Indiatimes)

Cyber frauds increased after growth in
mobile banking, NEFT and RTGS

Are you a <a href="http://www.businessinsider.in/searchresult.cms?query=mobile+banking+">mobile banking</a> user? Then this news might interest you. The number of <keyword id="48346" type="TECHNOLOGY" weightage="80" keywordseo="Mobile-banking">mobile banking</keyword> users globally is likely to double (1.8 billion) in the next four years. 
 
According to a report by consultancy agency <a href="http://www.businessinsider.in/searchresult.cms?query=KPMG+">KPMG</a> in association with <keyword id="2994352" type="UNKNOWN" weightage="80" keywordseo="UBS-Evidence-Lab">UBS Evidence Lab</keyword>, banks that do not have a competitive mobile banking platform stand the risk of losing out its customers. 
 
The Global Mobile Banking Report 2015 has claimed that adoption of mobile technologies for banking has reached 60-70% of the total banking population in India and <a href="http://www.businessinsider.in/searchresult.cms?query=China">China</a>, which is higher than that of the US and <a href="http://www.businessinsider.in/searchresult.cms?query=Europe">Europe</a>. 
 Moreover, <keyword id="50041" type="CITY" weightage="80" keywordseo="KPMG">KPMG</keyword> clarified that by the term mobile banking, it does not only mean app-based banking in smart phones, but message alerts as well. 
 
"With the mobility of young customers between banks having increased, the days of banks taking for granted that the customers once acquired will remain sticky is history," said KPMG report. 
 
Indian customers demonstrate the highest propensity to switch banks, encouraged by the availability of better mobile banking services, said the report. 
 
Banks should also probe the potential of value added services in their banking apps such as social media support and life tools such as cloud storage. The report also informs the greater need for banks to collaborate with application developers to be able to build state-of-the-art mobile banking platforms. 
 
"Customer experience and frictionless engagement will likely remain a key driver for mobile banking adoption. The winners may have to invest as much as in creating a strong perception of security as they may be required to implement technical security measures," said Akhilesh Tuteja, Partner and Head of IT advisory services, KPMG India. 
 
The report warns banks of malware and hacking. Hence, all banks need to invest heavily in security of all mobile <a href="http://www.businessinsider.in/searchresult.cms?query=transactions">transactions</a>. They need to strike a fine balance between security and a seamless user experience, it said. 
 
(Image: Indiatimes)

You Searched For "state bank of india hack" and got 10 results

India’s largest bank leaves the data of millions of users exposed

Prabhjote Gill

SBI, ICICI, HDFC, Axis Bank, PNB and the Indian IT department targeted in phishing scam

IANS

State-run banks brief PM Modi about rising bad loans

BI India Bureau

SBI's associate banks employees on strike today

BI India Bureau

Yes Bank says credit and loan payments can be made via other bank accounts

PTI

SBI cuts interest rates making home and car loans cheaper

IANS

This is why the Finance Minister wants to acquire more small and mid-sized banks

BI India Bureau

India’s central bank tells digital wallets to avoid this app linked to compromising confidential user data

Prabhjote Gill

Cyber frauds increased after growth in mobile banking, NEFT and RTGS

BI India Bureau

Mobile banking user numbers to double in next 4 years

BI India Bureau

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