Banks Bring Back In-Person Checks: A Huge, Smart Move

Finance

Business Standard
Mr. BillionhairMr. Billionhair

Banks Bring Back In-Person Checks: A Huge, Smart Move

Big banks in India are hitting the brakes on digital! ICICI, HDFC, SBI, and others are bringing back in-person checks to tackle identity theft. It’s a huge move, folks! They’re saying, 'We told you so!' after getting penalties from the RBI. Fraud cases are down, but the money involved? Through the roof! Believe me, it's a smart strategy, folks.

| Rimjhim Singh