India

Fraud, Scams & Cybercrime

RBI Orders Banks to Compensate Cyber Fraud Victim

By Nithya Subramanian | 26/04/2026

The order follows an INR 229 million "digital arrest" scam, highlighting bank liability for inadequate monitoring of mule accounts used by fraudsters.

KYC & CDD

Hyderabad Police Urge RBI to Overhaul Controls on Mule Accounts

By Editors | 25/04/2026

A major police investigation has uncovered systemic KYC failures and alleged staff collusion in the creation of fraudulent accounts.

Supervision & Enforcement

India Finalises Online Gaming Rules, Imposing New Obligations on FIs

By Nithya Subramanian | 25/04/2026

New rules effective 1 May establish a gaming authority and prohibit FIs from processing transactions for prohibited online money games.

Payments & Settlements

RBI Proposes Overhaul of Prepaid Payment Instrument Rules

By Nithya Subramanian | 24/04/2026

The draft rules introduce stricter capital norms for non-banks, new wallet categories, and mandate interoperability to bolster the payments ecosystem.

PEPs & Sanctions

US Sanctions India-Based Firms in Sinaloa Cartel Crackdown

By Manesh Samtani | 24/04/2026

The sanctions target a global precursor chemical network, putting FIs on notice over transactions with designated entities in India, Guatemala and Mexico.

Structural Regulation

India to Overhaul Company Incorporation, Compliance Rules

By Nithya Subramanian | 24/04/2026

The MCA has issued draft rules aimed at simplifying procedures and reducing the compliance burden for businesses.

Cybersecurity

India, Japan Scrutinise Anthropic’s ‘Mythos’ AI Model Over Cyber Risks

By Nithya Subramanian | 24/04/2026

Regulators from India, Japan, Hong Kong, Australia and Korea are among those holding talks with banks amid fears the advanced AI could accelerate cyberattacks.

Payments & Settlements

India, Korea Deepen Financial Ties with Regulatory, Payments Pacts

By Nithya Subramanian | 23/04/2026

The agreements include a regulatory MoU and a pact to integrate digital payment systems, aiming to boost investment and interoperability.

Clearing & Post-Trade

India's CCIL Seeks European Recognition to Ease Bond Trading

By Nithya Subramanian | 23/04/2026

The move follows a recent agreement between Indian and EU regulators, potentially lowering costs for European banks trading Indian debt.