Tag: RBI

CKYC 2.0 is expected to begin rolling out for banks and insurance companies in August 2026, allowing institutions to retrieve verified customer records with consent. The upgrade aims to reduce repeated KYC document submissions while maintaining regulatory compliance.

Paytm Payments Bank is winding down after a court order. Check what happens to deposits, wallet money, UPI access, merchant payments and customer account claims.

Bank of Baroda has confirmed that one employee email account was compromised, leading to unauthorised access to certain data, while stating that its core banking systems remain secure. Customers are being advised to review account activity, update passwords and stay alert for phishing attempts as forensic investigations continue.

India is expected to begin rolling out CKYC 2.0 from August 2026, allowing banks and insurers to reuse verified customer records through OTP-based consent. The upgrade aims to reduce repeated KYC document submissions while maintaining regulatory checks for updated or high-risk accounts.

India is expected to begin rolling out CKYC 2.0 from August 2026, allowing banks and insurers to reuse verified customer records through OTP-based consent. The upgrade aims to reduce repeated KYC document submissions while maintaining regulatory checks for updated or high-risk accounts.

Mule accounts are at the heart of many online financial scams, helping cybercriminals move stolen money through thousands of bank accounts to hide its origin. Learn what a mule account is, how fraud networks use them, recent Indian cases, and how to protect yourself from becoming part of a cybercrime operation.