Digital
DB Corp launches Bhaskar English news app
MUMBAI: DB Corp has officially launched Bhaskar English, a mobile news application aimed at expanding its reach as a trusted source of journalism in multiple languages. The company made this announcement through a regulatory filing with the Bombay stock exchange on 21 January 2025.
This launch underscores the company’s commitment to engage a diverse global audience as it is known for serving news in Hindi, Gujarati, and Marathi, and it has four portals and three apps.It had launched the DNA English newspaper in partnership with Zee Media. It’s latest foray the Bhaskar English News app is claimed to offer the latest news to users from 16 states.
The app features advanced technology for real-time news updates and boasts an intuitive user interface, emphasizing DB Corp’s dedication to innovation and quality reporting. Designed for users who prefer news in English, Bhaskar English is available for download on both the App Store (iPhone) and Play Store (Android). At the time of writing it had got a rating of 4.9 on the App store and it had ranked at No 53 on the news chart.
“With the launch of Bhaskar English, we aim to strengthen our position as a leader in the media industry and enhance our pioneering efforts in multilingual news delivery,” said a company spokesperson.
DB Corp’s Dainik Bhaskar Hindi mobile app had 17.2 unique million monthly active users as of June 2024 while its Divya Bhaskar notched up 3.2 million unique monthly visitors.
Digital
RBI proposes Rs 25,000 compensation cap for small digital fraud losses
RBI, customer bank and beneficiary bank will share payouts
NATIONAL: The Reserve Bank of India has proposed a new compensation framework for small-value fraudulent electronic banking transactions, requiring the central bank, the customer’s bank and the beneficiary’s bank to share payouts to affected customers.
Under draft rules released on Friday, compensation will be capped at the lower of 85 per cent of the net loss amount or Rs 25,000 in cases where the gross loss from a fraudulent electronic transaction is up to Rs 50,000.
The proposal comes as regulators step up efforts to strengthen customer protection amid a rise in digital banking frauds.
RBI governor Sanjay Malhotra had indicated during last month’s monetary policy announcement that the central bank planned to introduce a compensation framework for small-value digital frauds, allowing affected customers to claim relief once during their lifetime.
According to the draft guidelines, when the loss is below Rs 29,412, compensation of 85 per cent of the loss will be paid. Of this amount, 65 per cent will be borne by the RBI, while the customer’s bank and the beneficiary bank will contribute 10 per cent each.
For losses of Rs 29,412 or more but up to Rs 50,000, the compensation will be capped at Rs 25,000. In such cases, the RBI will contribute Rs 19,118, while the customer’s bank and the beneficiary bank will each contribute Rs 2,941.
If funds are later recovered after compensation has been paid, the customer’s bank must recalculate the payout based on the revised net loss and adjust the recovered amount accordingly.
Customers will be eligible for compensation only if they report the fraudulent transaction within five calendar days of its occurrence.
Complaints must be lodged both with the bank and through the National Cyber Crime reporting portal or the National Cyber Crime helpline. Banks must also confirm that the loss is bona fide under their internal processes.
Once a complaint is received, banks must compensate the customer within five calendar days, the draft rules state.
In joint accounts, only one account holder may submit a compensation claim.
The central bank has also proposed tightening transaction alerts by mandating instant SMS notifications for all electronic banking transactions above Rs 500. For transactions of up to Rs 500, banks may decide whether to send alerts based on internal policies.
Banks will not be allowed to charge customers for SMS messages sent to meet regulatory requirements or those used for promotional, marketing or customer awareness purposes.
The draft framework also calls for stronger oversight by requiring banks to periodically report complaints related to fraudulent electronic transactions to their boards or board-level committees. These reports must detail the number and value of cases across categories including card-present transactions, card-not-present transactions, internet banking, mobile banking and ATM transactions.
The RBI has invited public comments on the draft guidelines until 6 April, 2026. The rules are expected to take effect on 1 July, 2026 once finalised.
Banking officials say the proposed sharing of compensation between the RBI, the customer’s bank and the beneficiary bank is intended to increase vigilance across the digital payments ecosystem.
