2 days ago
Bad news for Sunil Mittal, DoT penalises Bharti Airtel for…, with Rs…
The Department of Telecommunications (DoT) has fined Airtel with Rs 1,01,000 for failing to comply with subscriber verification norms outlined in its license agreement. This penalty was imposed after a Customer Application Form Audit conducted in April, which identified lapses in Airtel's customer verification process.
According to the license agreement, telecom operators are required to thoroughly verify customer details before enrolling them as subscribers and adhere to the DoT's guidelines. To ensure compliance, the DoT routinely conducts audits of Customer Application Forms.
During the April audit, Airtel was found to have violated these verification rules which led to the imposition of the penalty. In response, Airtel stated in an exchange filing that it will not contest or appeal the fine and has confirmed they will pay the penalty. Airtel In fight Against Digital Fraud
Telecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial domains.
Airtel has dialled NPCI, proposing a 'closer collaboration' to create a repository of known malicious financial domains, to enable proactive blocking of malicious and rogue sites and to build a multi-layered defence to combat digital frauds.
The Sunil Mittal-led telco has also done a similar outreach with major banks, including SBI, HDFC and others, sources said.
The company has also reached out to the Reserve Bank of India (RBI) for 'collaboration' to create a repository of known fraudulent financial domains.
It has also mooted joint public education campaigns to raise awareness about evolving digital fraud tactics and safe practices.
In a separate letter to NPCI, Airtel said it believes there is a strong potential for a partnership between Airtel and NPCI to further strengthen the security of India's digital payment systems.
(With Inputs From PTI)
