FanzizFanziz
HomeFinanceCricketSoccerEntertainmentEsports
Menu
HomeFinanceCricketSoccerEntertainmentEsportsWWETennisHealth

Language

AllQuick ReadsFanzShots

Banks bring back branch checks to tackle fraud, Believe it!

Banks bring back branch checks to tackle fraud, Believe it!

ICICI, HDFC, SBI, Bank of India, and Bank of Baroda are back to the basics, bringing in-person checks to tackle identity theft and mule accounts! After RBI revealed a drop in fraud cases but a crazy spike in losses, these banks are saying, Believe it! Safety first, so customers must visit branches or get home visits for verification. Time to level up security, just like a true ninja!

Quick rundown

  1. Banks are reverting to physical checks to combat identity theft.
  2. Digital onboarding is paused by major Indian banks due to fraud concerns.
  3. RBI reports fewer fraud cases but a significant increase in fraud value.
  4. ICICI Bank halts instant online account services except for salary accounts.
  5. Digital payments lead in fraud cases, but loans account for the largest losses.

Related articles

  • Banks ka naya domain '.bank.in': RBI ka zabardast plan hai!
  • Digital Arrest? Bhai, Kya Chakkar Hai! Senior Citizens Ko Sambhalo
  • RBI's Epic Play: T20 Speed Meets Test Strategy for Banks!
  • RBI ne phone lock hataaya, defaults ab badh rahe hain!
  • Banking Connect: RBI ko mil raha hai real-time control!

Series

  • Indian Premier League
  • Pakistan Super League
  • South Africa Women tour of New Zealand
  • County Championship Division Two