Bank Fraud: Latest News and Updates, Top Stories, Videos, Photos About Bank Fraud

Bank Fraud Case: Jet Airways Founder Naresh Goyal Sent To 14 Day Judicial Custody

A court here on Thursday remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a money laundering case linked to an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September ...

Even If Someone Else Fills The Details On Your Cheque, You Will Be Responsible, Says Supreme Court

According to a Supreme Court ruling, even if someone else fills out the details on a cheque, the drawer is still responsible. A two-judge panel composed of Justices DY Chandrachud and AS Bopanna made the statement while granting an appeal in ...

Bank Fraud Complaints Rise, To 1.45 Lakh In FY21

Fraud complaints registered by the RBI under the various Ombudsman schemes in different categories have risen to 1,45,309 in 2020-21 against 1,35,448 in FY20, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. "RBI has informed that on ...

Your Debit, Credit Card Transactions Can Become More Safe From Sept 30: Here's How

As a debit card holder of ICICI Bank you might have lately received an SMS saying "Dear customer, to safeguard your card as per RBI guidelines, International transactions on your ICICI Bank debit card XXXXXX will be switched off by 30-Sep-20. ...

5 Ways Fraudsters Use Your Emotions To Take Your Money

Scams are planned strategically by fraudsters to take money away from you. Despite increased awareness and use of technology, smart scammers have been targeting people from all backgrounds, ages and income levels using sophisticated thought out methods. These fool you because ...

ICICI Bank & SBI Among The Top Victims Of Bank Fraud In The Last 11 Years

Last week, the Reserve Bank of India (RBI) data showed that 53,334 cases of fraud involving a massive amount of Rs 2.05 lakh crore were reported in the last 11 years. Of these, over 50,000 cases were reported between 2008-09 and ...

Bank Frauds Increased By 20% In The Past 2 Years: Report

As the Reserve Bank of India continues to tighten regulatory requirements in the banking industry, a recent survey by Deloitte Touche Tohmatsu India LLP showed that bank frauds have risen in the last 2 years. Its annual banking fraud survey showed that ...

How to Protect Your Money From Digital Thefts?

From paying for groceries to cars, today, we are highly exposed to digital transactions. Using multiple devices and exposing important data especially related to your finances can leave you vulnerable to misuse of information. While we debit/credit cards for almost everything, ...

More Than 23,000 Bank Fraud Cases Reported in 5 Years: RBI

In the past five years, over 23,000 fraud cases have been reported in various banks involving an astonishing amount of Rs 1 trillion, as per a Reserve Bank of India (RBI) report. Of the total, 5,152 cases of fraud were reported ...

Billionaire Nirav Modi Accused in Rs 280 Cr PNB Cheating Case

The Central Bureau of Investigation (CBI) has charged celebrity jeweller Nirav Modi and Punjab National Bank (PNB) officials for cheating the bank for over Rs 280.7 crores. His brother Nishal Modi and wife Ami, all partners of Diamon R US, Solar ...

Andhra Bank Ex-official Arrested in Loan Fraud Case

The Enforcement Directorate (ED) has arrested former director of Andhra Bank in a Rs 5,000 crore bank fraud case involving Gujarat based pharmacy firm, reported PTI. Anup Prakash Garg was arrested on Friday evening. This has been the second arrested in ...

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