RBI mulls setting up of fraud registry to check banking frauds
Sharing complaints filed under the Ombudsman Scheme, he said, 4.18 lakh complaints were received during 2021-22 as against 3.82 lakh in the previous year.
Aug 29, 2022, 18:31 PM IST
ICICI Bank alerts customers against new banking scam; Here’s how to remain safe
According to ICICI Bank, scammers are increasingly compromising customers' WhatsApp or Facebook accounts and sending messages to their connections requesting money.
Jul 08, 2022, 12:00 PM IST
Bank fraud cases rise in FY22, private banks report most incidents: RBI Data
The RBI Annual Report 2021-22 pointed out that the private sector banks in India recorded the highest number of frauds in the financial year 2021-22.
May 27, 2022, 16:33 PM IST
PNB, SBI account for most valuable bank frauds among PSBs: RBI
Public sector banks reported a 51 per cent dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.
May 15, 2022, 15:36 PM IST
Bank Fraud: Complaint of SBI's DGM, investigation lasted for several months
CBI has registered an FIR in the biggest scam in banking history. This scam is being told of Rs 22842 crore. In the CBI FIR, ABG Shipyard Company of Gujarat and its associate companies have been held responsible for the scam.
Feb 13, 2022, 09:30 AM IST
Fraudsters using SMS spoofing to dupe people: Here’s how to stay safe
Banks and other financial institutions such as e-wallet companies have regularly warned customers against these frauds as they never ask their customers to share CVV, OTP or any other banking details.
Aug 07, 2021, 10:10 AM IST
ICICI Mobile Banking Alert! Here’s how to keep your M-Banking safe from SIM-Swap fraud
This further increases the vulnerability as fraudsters conduct SIM swap/exchange and manage to get an OTP or alerts that come on that phone number. With the help of SIM swap, they get a new SIM card that has your registered mobile number through the mobile service provider.
Jul 05, 2021, 15:27 PM IST
HDFC advises customers to keep 'mouth shut', THIS is the reason
With the ‘#MoohBandRakho’ campaign, the bank is advising the customers on how they can avoid bank frauds. The bank warned that cyber thugs can rob your deposits by fooling you by calling from a bank's fake helpline number.
Jun 03, 2021, 18:07 PM IST
Rahul Gandhi asks BJP to name wilful defaulters of bank frauds
Minister of State for Finance and Corporate Affairs Anurag Thakur said in a reply, "A list of wilful defaulters is available on the website. There is nothing to hide. All these people took the money and went away during the Congress governance."
Mar 16, 2020, 12:38 PM IST
Amount involved in bank frauds of above Rs 1 lakh on decline
Banks and select financial institutions reported to RBI that frauds of Rs 1 lakh and above amounting to Rs 25,884 crore occurred during 2016-17 .
Jun 26, 2019, 10:49 AM IST
RBI Governor Urjit Patel appears before Parliamentary panel; assures steps to strengthen banking system
Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis regarding non-performing assets (NPAs).
Jun 12, 2018, 14:57 PM IST
Bank Account Portability scheme may be put on the back burner; government to ask UIDAI, NPCI for solution
Bank account portability allows the customer to shift form one bank to the other without having to give up his bank account number or without having to open a new account altogether.
May 07, 2018, 15:23 PM IST
CVC monitoring CBI probe in top bank frauds, including Vijay Mallya
The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide.
Jul 02, 2017, 13:41 PM IST
Bank hacks raise fears of cyber attacks
A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers.
Jul 24, 2016, 07:13 AM IST
China's Bank of Tianjin faces $121 million fraud
China's Bank of Tianjin has been defrauded of more than USD 120 million, it said, the third such giant crime against banks in the country this year.
Apr 12, 2016, 17:20 PM IST
Check misuse of user-id, password: CVC to banks, insurance firms
It was also noticed that the officers were not frequently changing their password. "
Aug 03, 2015, 15:24 PM IST
Frauds can't be wished away; banks among easy prey: RBI
"More often than not, the frauds lead to tighter regulations. These aim at bringing in both corrective and preventive measures," he said, while adding that banks must follow three KY Principles, Know its Customer, Know its Employee and Know its Partner, to check frauds.
Jun 28, 2015, 16:15 PM IST
RBI asks coop banks to set up panel for monitoring fraud cases
The Reserve Bank has directed all primary (urban) cooperative banks to set up a special committee for monitoring and following up cases of frauds of Rs 1 crore and above.
Jan 07, 2015, 21:44 PM IST
