Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu. Illustration: Uttam Ghosh/Rediff.com The State Bank of India......
'Apparently the entire biometric database's demographic data is available, which means that every Aadhaar signup is wide open to identity theft.''The commoditisation of the method -- selling the......
'People, whose sensitive information has been leaked by State agencies or companies having license from UIDAI to access the Aadhaar database, can file suits, collectively or individually.'Advait......
'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.' Photograph: Kind courtesy Airtel Payment Bank/Instagram Airtel Payments Bank saw a......
Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. Illustration: Uttam Ghosh/Rediff.com The......
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than......
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......
Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors approach ahead of the US Fed interest rate......