Breaking News: More than 2,500 fraud connections being cut daily, say DoT officials | Economy & Policy News – Business Standard

Breaking News: More than 2,500 fraud connections being cut daily, say DoT officials | Economy & Policy News – Business Standard

The Department of Telecommunications’ (DoTs’) Sanchar Sathi portal is discontinuing more than 2,500 fraudulent connections on a daily basis, officials said on Monday.  The portal, launched last year, is the government’s primary tool to protect mobile phone users from frauds.   Sanchar Saathi detects fraudulent connections and triggers re-verification. Failing to … Read more

Latest: Regulatory action on Paytm Payments Bank, not app, clarifies RBI

Latest: Regulatory action on Paytm Payments Bank, not app, clarifies RBI

The Reserve Bank of India’s (RBI’s) directive issued last month concerns Paytm Payments Bank, not the Paytm app, the banking regulator clarified in a press conference on Thursday. This was after the RBI, after a meeting of its monetary policy committee (MPC), announced the status quo on policy rates earlier in the day. The … Read more