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Fear of fraud in online payment luring customers to prepaid cards in India

An overwhelming 88 per cent Indians are concerned about the security of online financial transactions and at least a quarter refrain from making payments online for fear of fraud.

 
 
State Bank of India today announced launch of SBI e-Smart SME to offer easy working capital to online e-commerce players.
The Reserve Bank permitted banks to bring down the statutory liquidity ratio securities under held-to-maturity category by 1.25 per cent to 20.50 per cent by 2017.
Strategic Debt Restructuring allows banks to classify the debt in question as "standard", rather than bad, during the 18 month process.
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