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Reserve Bank of India

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The Reserve Bank of India tower and building in Mumbai (file photo)

Business & Finance

India warns banks to urgently raise security as AI-powered hackers strike payment systems at machine speed

India's Home Ministry cybercrime unit and CERT-In have told banks, NBFCs and fintech firms to urgently strengthen defences against AI-assisted attacks that have already pushed through unauthorised transactions worth crores in individual cases.

Business & Finance · 7 Nov 2026, 8:10 pm