RBI Governor Sanjay Malhotra urges banks to leverage technology and reduce costs in easing cycle

Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra told bank CEOs on Tuesday that the 125 basis point rate cut so far in the current easing cycle, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, supporting sustainable growth and deeper financial inclusion.One basis point is one hundredth […]

Explanation of arrest in Hindi sufficient: Supreme Court in digital arrest case

The Bombay High Court recently refused to grant compensation to two people accused in a major digital fraud case, ruling that the grounds for the arrest were properly communicated when explained in Hindi, despite the written communication being in Marathi. The suspects, Akshay Kumar Meena and Sunny Lodha, were arrested by the cyber police following […]