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India

MHA unit for real-time mitigation of online fraud, banks to link database

NEW DELHI, APRIL 25: The Ministry of Home Affairs is working on forming a new wing called Cyber Fraud Mitigation Centre under the Indian Cyber Crime Coordination Centre (I4C) to deal with cyber financial fraud in real-time to save the victim's money, sources said on Wednesday. Terming the move a real game-changer, the sources said that the FMC will onboard all the agencies dealing with such crimes, including the Government, banks, telecom service providers, IT intermediaries and social media companies, who so far have been working from different locations and...
India

Electoral bonds: Banks have all details when it comes to loan default by farmers, says Uddhav

CHHATRAPATI SAMBHAJINAGAR, MARCH 7: Shiv Sena (UBT) chief Uddhav Thackeray on Thursday tried to corner the Union Government over the time extension asked by the State Bank of India to give details of those who had bought electoral bonds. Speaking in Ausa in Latur, Thackeray said banks promptly come out with all information of farmers when there is a default or delay in loan repayment but in the electoral bond issue lenders are asking for time to extract details. "Banks stick notices on the doors of farmers when they are...
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