bank fraud

New rules for availing loans amid rise in bank fraud cases in H1 FY20

According to the government data, there were bank frauds worth Rs 139,807 crore in the financial year 2018-19.

published on : 23rd January 2020

Bank loan fraud case: ED attaches assets of ICICI's former CEO Chanda Kochhar

The attached assets include her flat in Mumbai and some properties of the company of his husband.

published on : 10th January 2020

Three arrested for bank fraud in Odisha

The three allegedly withdrew about Rs 12.47 lakh from the Old Age Pension account of Rengali block office.

published on : 30th December 2019

Government aid helped NBFC assets rise 13 per cent post IL&FS crisis: Finance Ministry

In an official statement, the ministry said the assets of NBFCs increased from Rs 28.31 lakh crore post the default came to light to Rs 31.94 lakh crore.

published on : 28th December 2019

Vijayawada Cyber Crime police serves notice to bank for negligence

The complainant claimed that he received a call from an unknown person who introduced himself as a bank employee and made him believe that his account will be frozen due to mismatch in his DOB.

published on : 19th December 2019

Three booked for stealing, leaking at least 447 bank customers' data

As per the complaint lodged by a top official of the SVC bank, the accused leaked the data of its at least 447 customers, due to which the bank incurred losses to the tune of Rs 29 crore.

published on : 14th December 2019

AIIMS falls prey to banking fraud, loses over Rs 12 crore; SBI issues alert to all its branches

The sources said the fraudsters attempted to withdraw over Rs 20 crore from a non-home branch of SBI in Dehradun while Rs 9 crore was attempted to be stolen from a branch of the bank in Mumbai.

published on : 29th November 2019

CBI files chargesheet against Vindhyawasini group promoters in bank fraud case

The agency registered four cases against the group in April last year on the complaint of the State Bank of India for bank fraud to the tune of Rs 457 crore.

published on : 26th November 2019

PSU banks hit by almost 2,500 fraud cases in first quarter, SBI leads the pack

Allahabad Bank topped the list in cases where the bank's own employees were involved in frauds.

published on : 26th November 2019

Top PMC officials hid HDIL accounts from system: RBI to Bombay HC

The regulator said these few employees used an access code to hide and restrict the visibility of these dummy accounts of the reality developer.

published on : 20th November 2019

'SIM-swap' fraud: What you should know to secure your bank account

The next time your phone network is down for a relatively long period, do not ignore it as you could be a victim of a ‘SIM swap’. 

published on : 17th November 2019

Are millennials spawning next wave of NPA piles for banks?

The secured loans of two-wheeler and auto loans consisted of only 9 per cent of the millennials' credit appetite, a study found.

published on : 12th November 2019

Bank frauds: Legal advisors, valuers colluding with shady borrowers

Some legal advisers and property valuers of several banks were reportedly colluding with fraudulent borrowers to help them raise bank loans and turn into wilful defaulters.

published on : 7th November 2019

Bank fraud cases: CBI searches at 187 locations across the country

Agency sources said that around 35 cases related to bank frauds have been registered so far. 

published on : 5th November 2019

PMC Bank case: ED attaches jewellery worth Rs 60 crore of HDIL Chairman

The Enforcement Directorate also claimed that it is in touch with authorities in Maldives to attach Wadhwan's yacht which is anchored there.

published on : 6th October 2019
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