TheBulletinBriefs
With UPI and online payments soaring, fraud cases are rising rapidly—putting millions of users at financial risk.
The RBI introduces stricter timelines and detailed reporting standards to help banks react faster and prevent recurring fraud.
As digital transactions hit record highs, fraudsters are exploiting gaps in security, making stronger oversight essential.
Banks often reported fraud late or with incomplete data, slowing investigations and weakening consumer protection.
The new framework demands granular, real-time fraud information—helping authorities track patterns and stop scams early.
With clearer rules and faster reporting, RBI aims to safeguard users and reinforce confidence in India’s digital economy.