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  • rbi plans curbs on suspect bank accounts to fight cyber fraud

    RBI plans curbs on suspect bank accounts to fight cyber fraud

    RBI plans to amend guidelines allowing banks to temporarily freeze accounts suspected of cyber crimes, combating a surge in online fraud. Victims currently face delays in freezing accounts, hindering recovery. The Reserve Bank of India aims to empower banks to suspend accounts linked to cybercrime without requiring police reports first.

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