MUMBAI: Likhiram Mandhare got text messages alerting him to two withdrawals of Rs 20,900 each last month. He called his bank immediately, alerting it that he had not authorised the transactions. The businessman, who runs an engineering firm in Nagpur , was lucky ­ his bank traced the withdrawals to China and credited back the amount. Mandhare has decided to stop using his ATM card ­ and he's not alone.The recent hacking of India's banking system that affected 3.2 million debit cards has led many to not use plastic or even engage in electronic transactions, despite the convenience. Now, I prefer to keep cash as it will eliminate the possibility of us ing debit cards.

Source: Economic Times October 24, 2016 02:48 UTC