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Thursday, December 5, 2024

Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate

The Reserve Bank of India has partially reinstated ATM cash retraction to combat new ATM fraud involving fake slot covers. This feature, disabled in 2012, allows ATMs to retrieve uncollected cash, protecting customers.

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UPI Lite new rules 2024: RBI increases UPI Lite wallet, transaction limits - here's what UPI users should know

The Reserve Bank of India has increased the UPI Lite transaction limit and the total wallet capacity. This change aims to boost digital payments, especially in areas with poor internet connectivity, by enabling faster offline transactions without a UPI PIN for small purchases.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iXtp45k
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Billionaire Poonawalla’s lender to double staff in growth blitz

Poonawalla Fincorp Ltd., led by CEO Arvind Kapil, plans to double its workforce and expand into new lending sectors, aiming to reach $17.7 billion in assets within five years. The company will add branches and offer loans for gold, used cars, and education, focusing on salaried employees at major Indian companies despite recent increased scrutiny on shadow banks.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3vtA1Ny
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China still Pakistan's top bilateral creditor, share down to 22% from 25% last year: WB

Pakistan's external debt reached $130.85 billion in 2024, with China and Saudi Arabia as the largest bilateral creditors. The World Bank report highlights Pakistan's high debt-to-export ratio and substantial debt servicing burden, exceeding 40% of export earnings. The nation faces a $100 billion repayment challenge over the next four years, while navigating an IMF program.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L3TWOaX
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Wednesday, December 4, 2024

SBI customers take note of new scam! Imposters extorting money with these 7 steps

SBI has alerted its customers about scammers posing as CBI or IT officials to extort money. These scammers use fake narratives and staged evidence to convince and frighten victims. Consumers are advised to verify identities, avoid sharing sensitive information, and report suspicious activities to banks and authorities.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yWSsmYK
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