India’s largest lender, the State Bank of India (SBI), has reported banking frauds worth more than ₹6,300 crore over the past three years, highlighting the growing challenge of digital financial crime in the country’s rapidly expanding payments ecosystem. The disclosure comes at a time when digital
Finance Minister Nirmala Sitharaman has raised concerns over probable cybersecurity risks in the banking sector linked to advanced artificial intelligence (AI) systems. Citing the potential threat posed by tools such as ‘Mythos’, developed by Anthropic, she has warned of the growing adoption of AI across financial