SFBs and Payments Banks' physical approach, financial literacy reduce fraud

Despite reducing paperwork and simplifying processes, most customers require assistance, thereby concentrating transactions at physical branches.

online payment

Representative Image

The volume of financial transactions have risen substantially after a concerted push towards inclusion, but, interestingly, underbanked customers seem to be insulated from fraudsters, as of now.

This is due

Also Read

Farmers protest: Banks give crores to Nirav Modi, what about us? updates

Banking scam fallout: RBI may let PNB spread fraud losses over 1 year

Message from market to PNB, other PSBs: Bring in new credible leadership

The PNB fraud: A clear cut case of no systemic accountability

PNB fraud to impact other banks, increase their bad loans provisions

Ease of Doing business: W Bengal moves from laggard to leader among peers

Mumbai's office realty market sees a surge in deals of over Rs 1 bn apiece

Organic food exports surge; certification remains a major issue

Hyderabad leads office space growth in South, Bengaluru still leads market

Aadhaar-PAN linking deadline extended to June 30; what you must know

First Published: Mar 28 2018 | 2:35 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to