COMMON SENSE SIMPLIFIED: ATM PIN GOES PUBLIC:
The expression of risk in banking/financial fraud is as grave, if not more, in India as in other developed countries like US and UK. It is because of loopholes in our regulations and greater propensity to outsource services by our banks. For instance, allotment of bank account, credit/debit cards, cheque books, ATM PIN And other such details are dispatched to the customers through outsourced sources increasing the risk of misuse.
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