PYMNTS-MonitorEdge-May-2024

Indian Banks

Wibmo Upgrades Anti-Fraud Offering For India Banks
Wibmo Upgrades Anti-Fraud Offering For India Banks
July 02, 2018  |  B2B Payments

Payment security technology provider Wibmo is rolling out an upgraded anti-fraud solution for its bank customers to safeguard their electronic payments services. In a press...

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India Investigating $90M Loan Fraud At IDBI Bank
India Investigating $90M Loan Fraud At IDBI Bank
April 27, 2018  |  Security & Fraud

India might be dealing with more illegal activity at a bank. This time, it’s an alleged 6 billion rupee ($90 million) case of loan fraud...

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India Puts Crypto Ban On Banks
India Puts Crypto Ban On Banks
April 06, 2018  |  Bank Regulation

The Reserve Bank of India has banned regulated financial institutions in the country from dealing with cryptocurrencies, CNBC reported. “In view of the associated risks, it...

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India’s KYC Mobile Payments Roadblock
India’s KYC Mobile Payments Roadblock
March 22, 2018  |  Mobile Payments

In late 2016, India’s government surprised the world with a decision to push the race for payment digitization from a marathon to a sprint, by...

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PNB’s Diamond Fraud Could Hit $2B In Cost
PNB’s Diamond Fraud Could Hit $2B In Cost
March 07, 2018  |  South Asia

The scandal surrounding India’s state-run Punjab National Bank (PNB) is getting bigger — in fact, a source says it could hit the $2 billion mark....

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Internal Auditor Charged In $2B India Bank Fraud Scandal
Internal Auditor Charged In $2B India Bank Fraud Scandal
March 02, 2018  |  Security & Fraud

An internal auditor at a Mumbai branch of Punjab National Bank is accused of conspiring with other officials to defraud the lender of $2 billion,...

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