Bank of India launches fraud risk management solution

Bank of India (BoI) has come out with a fraud risk management solution for all its card-related businesses which will provide security of financial transactions to its customers.
The state-run lender has tied up with Atos' subsidiary Worldline India to provide a customised end-to-end solution, a statement issued here said today.
The solution will detect frauds, prevent those using technology tools and also involve having a dedicated support team to address customer problems, it said.
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Federal Bank introduces instant fund transfer btwn ATM cards * South-based private lender Federal Bank has introduced an instant fund transfer facility between two ATM cards.

Under the facility, funds can be transfered between cards of Federal Bank and those of eleven other banks who are providing this facility, it said in a statement today.

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Credit Suisse appoints Rajiv Baruah as Mumbai branch head * Foreign brokerage Credit Suisse today appointed its head of fixed income operations in the country, Rajiv Baruah, as the manager of its branch in Mumbai which undertakes deposit-taking and lending.
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DRL enters into hair serum market
* Dr Reddy's Laboratories (DRL) today said it has entered into the hair serum market with the launch of 'Mintop Pro-Procapil Hair Therapy'.

Mintop Pro comes from the same branch of business that manufactures Mintop.