10 April 2026
Bankopedia Banking Digest — 2026-04-10 #16
- #1economic_timesneutral
RBI Proposes One-Hour Lag to Combat Payment Fraud
The Reserve Bank of India has proposed a one-hour hold on Unified Payments Interface and IMPS transfers above ₹10,000 to disrupt the psychological pressure fraudsters use in authorised push payment scams. Additional proposals include mandatory trusted-person approval for elderly and disabled users, annual credit caps on smaller accounts, and self-managed account controls.
Digital payment fraud surged from ₹551 crore in 2021 to ₹22,931 crore in 2025.
paymentsregulation - #2economic_timesneutral
Delay Mechanism Targets Bulk of India's Digital Fraud
The Reserve Bank of India's discussion paper proposes a one-hour delay on account-to-account transfers above ₹10,000, covering 98.5% of total fraud value, alongside enhanced verification for senior citizens and kill-switch controls for all digital payments. Fraud cases have jumped from 2.6 lakh to 28 lakh between 2021 and 2025, driven by deepfakes and mule account networks.
Transfers above ₹10,000 represent 98.5% of total digital fraud value reported nationally.
paymentsregulation - #3economic_timesneutral
RBI Mandates Same-Day Credit for Inward Remittances
The Reserve Bank of India has mandated same-business-day credit of inward remittances and near-real-time nostro account reconciliation, giving banks six months to comply. India, the world's largest remittance recipient at over $135 billion in 2025, currently credits fewer than 10% of inward transfers within an hour.
India received over $135 billion in remittances in 2025, the highest globally.
paymentsregulation - #4economic_timesneutral
RBI Opens Consultation on Layered Digital Payment Safeguards
The Reserve Bank of India has proposed a one-hour lag on fast-payment transfers above ₹10,000 and additional trusted-person approval for citizens aged 70 and above, as digital fraud driven by fake call centres and deepfake scams rises sharply. The central bank has invited public feedback by May 8 before drafting formal guidelines.
RBI seeks public feedback by May 8 before formalising anti-fraud payment guidelines.
paymentsregulationdigital_banking - #5economic_timesneutral
RBI Tightens Timelines for Cross-Border Inward Payments
The Reserve Bank of India has directed banks to immediately notify customers upon receipt of cross-border inward payment messages and to reconcile nostro accounts within one hour, with same-day credit of funds as the operational target. Banks have six months to implement the credit-timing requirement, with all other directives effective immediately.
Banks must reconcile nostro accounts within one hour under new RBI cross-border payment norms.
paymentsforex - #6moneycontrolneutral
RBI Tightens Standards for Cross-Border Inward Payments
The Reserve Bank of India has directed banks to immediately notify customers upon receipt of inward cross-border payments and reconcile nostro accounts within one hour. Banks must endeavour to credit funds on the same business day, with straight-through processing adoption guided by individual risk assessment; norms take effect in six months.
RBI mandates one-hour nostro reconciliation and same-day credit efforts for inward cross-border payments.
paymentsforex - #7moneycontrolneutral
RBI Proposes Transaction Delays to Combat Digital Fraud
The Reserve Bank of India has proposed a one-hour delay on account-to-account digital transfers exceeding ₹10,000 via fast payment networks, including the Unified Payments Interface, to combat surging online fraud. Additional safeguards are proposed for customers aged 70 and above, requiring trusted-person approval for transactions above ₹50,000.
Digital payment fraud value surged nearly 40 times to ₹23,000 crore between 2021 and 2025.
paymentsregulation - #8hindu_businesslinepositive
Zerodha Coin Moves Into Fixed Deposit Offerings
Zerodha's investment platform Coin has added fixed deposits, enabling users to compare rates across banks, book deposits digitally, and track maturity without maintaining a savings account with the issuing bank. The move positions Coin as a unified wealth management platform spanning mutual funds, insurance, the National Pension System, and fixed-income instruments.
Coin users can now open fixed deposits digitally without holding a savings account at the issuing bank.
fintechdigital_banking - #9economic_timesnegative
CBI Assumes ₹550 Crore IDFC Bank Fraud Probe
The Central Bureau of Investigation has registered a First Information Report in a ₹550 crore embezzlement case involving IDFC First Bank, after the Haryana government transferred the probe from its State Vigilance and Anti-Corruption Bureau. Funds meant for government fixed deposits were allegedly diverted into shell entities, with two former bank employees among those already arrested.
CBI takes over ₹550 crore IDFC First Bank fraud probe involving diversion of Haryana government funds.
npa_resolutionbanking_supervision - #10moneycontrolneutral
IRDAI Reaffirms Three Systemic Insurers for FY26
The Insurance Regulatory and Development Authority of India has reaffirmed Life Insurance Corporation, General Insurance Corporation, and New India Assurance as Domestic Systemically Important Insurers for FY26, a designation they have held continuously since the framework launched in 2015. The classification subjects these government-promoted entities to enhanced regulatory oversight given their scale, market dominance, and systemic interconnectedness.
LIC, GIC, and New India Assurance retain 'too big to fail' status under IRDAI's annual D-SII framework for FY26.
insuranceregulationbanking_supervision