Thursday, September 19, 2024

Banks step up vigil on fraudulent account opening via digital banking channels

“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore," a senior banker with a private sector bank said on the condition of anonymity.

from Tech-Economic Times https://ift.tt/jxMhUo3

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