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India s central bank
plans to soon change guidelines to permit banks to temporarily
freeze accounts suspected of being used to commit cyber crimes,
as it battles a rising wave of online crime, three. -April 25, 2024 at 03:48 am EDT
- MarketScreener
India s central bank plans to amend guidelines allowing banks to temporarily freeze accounts suspected of cyber crimes, combating a surge in online fraud. Victims currently face delays in freezing accounts, hindering recovery. The Reserve Bank of India aims to empower banks to suspend accounts linked to cybercrime without requiring police reports first.