Finance ministry, RBI & NPCI tighten digital fraud safeguards
Tuesday, 3 June 2025 () The Union finance ministry, RBI, and NPCI have implemented measures to protect digital financial transactions and combat fraud. I4C was established in 2020 to coordinate responses to cybercrimes. Between 2014-15 and Dec 2024, 63,315 digital payment frauds involving amounts above Rs 1 lakh were reported, resulting in a financial loss of Rs 733.26 crore.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), on Friday, cut the Repo rate by 50 bps, to 5.50%. RBI governor Sanjay Malhotra made the.. DNA
Eid-ul-Adha 2025 or Bakrid, is expected to be celebrated on June 7, 2025 and will be observed as a public holiday in schools, colleges and government offices. On.. DNA
Tuesday, 3 June 2025 ()
