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The latest digital-finance news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks digital-finance across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
The Reserve Bank of India issued a draft procedure on September 11, 2026, requiring banks to lift holds on suspected cyber-fraud money within 60 days unless police instruct otherwise. The draft amends KYC Directions, 2025, inserting a Standard Operating Procedure for suspected money mule accounts. It follows a Supreme Court order from August 4, 2026, but was issued as a consultation draft, not the final SOP as directed.
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