Central Government has left a recent post of Indian National Congress with a social media content about Digital Banking Cheats, Sources speaking Zee’s business. The post is concluded as “wrongly wrong”, “actually incorrect” and “intended to make panic”, the sources say that this is a clear test of Inc. On June 1, Congress Party brings to the Microblogging X (former Twitter) site to determine that the Center failed to strive citizens of the Indian Corore in the Digital Bully Scams. Strongly rejection and condemning inconiorations of Inc., government sources say claims are based on involved and misconceptions.
LTD Misconceptions of the wrongdoing of facts by confirming specific digital payment frauds with a wider category of total banking frauds, as the official sources.
It is deliberately inflating figures to mislead citizens and provoke fear, with their claim of “Lakhs of crores” Lost specifically to digital fraud being “factually incorrect” and “deliberately distorted”, they added.
“Congress intentionally imposes numbers by including all categories of cheating and cheating them as digital fraud,” as a senior government official. “Digital’s tricks, usually called ‘card / internet’ tricks, only a subset of general bank cheating and treated with scruting agencies
Discussing the data from the RBI and Ministry of Finance, the officer declared that the digital frauds account is only for a part of the entire banking fraud. Between FY15 and December 2024, country fraud cases, particularly under “card / internet and digital paysions” with respect to Rs 733.3 crore.
“The number of Rs 6.36 Lakh crore quoted by Congress relates to the total banking frauds in all categories, digital disposal,” as a deliberate error.
The official sources also highlights a series of steps held in the past few years to fight fraud in a strong development of digital paymentsem, including:
- Digital Payment Security Controls (February 2021): A Gold-Mandated Baseline Security Framework for Digital Platforms
- ‘Mulehunter’ Tool: This effective tool detects suspicious currency accounts in financial systems
- RBI Fraud Registry: This database allows meet real-time rejection of offenders
As a result of these efforts, the amount of deception involving PSU Banks came down from Rs 21,626 crore of FY20 to FY25 (through December 2024). The officer also said: “We are in the electronic period, where the watch should round the clock, especially the agencies containing carriages and first senior and first-old and first users.”
Congress post does not look at the granular nature of the RBI Fraud Fraud with the difference in the digitical scams of an electric issue in an area raised expansion. According to them, the RBI and National Payment Corporation continues to work in commercial borrowers, commercial fraud alerts, the mandatory customer-blocking of suspected transactions.
In a digital first economy, the government continues to creation of panic through crooked numbers with the assistance of financial consumers.
Here are some things that officials mean, which targets incorporated inc:
- The claim that people have lost Rs 6.36 lakh crore because of digital cheating stray; Real data from official sources tell a very different story
- The post begins with the flagging of digital banking payments, but after being transferred to the deployment of lost losses
- It seems to pull out of the overall banking fraud numbers to create panic
- This is a case of pure fear – united, refers to restrict public trust in the digital financial ecosystem and banking sector
- It is important to understand the difference between general cheating and digital tricks of payments:
- General banking frauds include a wide range of bad activities:
- Advancas (Loan-related disputes)
- Deposit
- Off-Balance items
- Forex transactions
- Cash handling
- Ast-Branch Checks and Accounts
- Digital frauds consist of only one subset of wider classification
- The ‘card / internet’ tricks actually refer to digital payments, such as online transactions, using credit / debit card, and so on.
- To put true measure of sight, commercial banks and all Indian financial institutions report 63,315 cases of Rs 1 lakh) from FY15 to December 2024
- At this time, total financial loss from these digital frauds standing at Rs 733.3 crore
- These numbers directly contradict the account of Inc. suggests losses of “lakhs of crores” within the digital domain
- Such numbers, if quoted correctly, see losses of cheating in all banking categories, not alone in digital transaction