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Reserve Bank Governor Sanjay Malhotra announced a new framework to compensate customers up to Rs 25,000

RBI announces up to Rs 25,000 compensation for digital fraud, proposes curbs on mis-selling and recovery agents

RBI plans compensation up to Rs 25,000 for small-value fraud losses and proposes new guidelines on mis-selling, recovery agents, and…

Updated: February 6, 2026 12:53 IST

The FIR against Garg filed for offences under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), and 420 (cheating) of the Indian Penal Code, along with provisions of the Prevention of Corruption Act, 1989.

Who is Punit Garg ? ED arrests ex-RCom president in Rs 40,000-cr alleged bank loan fraud case

The ED claims Garg siphoned off funds to a Dubai-based entity and fraudulently sold an $8.3 million luxury condominium in…

Updated: January 30, 2026 23:20 IST

Trump govt gives Indian-American businessman 6-year prison sentence over $55m bank fraud – Who is he?

Indian-origin businessman Rahul Shah was charged of with the hefty Covid-relief fraud in 2020. The DOJ announced his multi-year sentence…

January 17, 2026 08:16 IST

Punjab National Bank has reported a borrowal fraud of Rs 2,434

PNB reports Rs 2,434 borrowal fraud linked to former SREI Group promoters

Punjab National Bank has reported borrowal frauds of Rs 2,434 crore by two SREI Group companies

Updated: December 26, 2025 21:49 IST

IndusInd Bank disclosed in an exchange filing that the Serious Fraud Investigation Office has initiated an investigation

Serious Fraud Investigation Office initiates probe into IndusInd Bank over accounting lapses

SFIO has begun investigating IndusInd Bank over accounting lapses in its derivatives portfolio, with an estimated financial impact of nearly…

December 24, 2025 19:20 IST

Bombay High Court has stayed all actions by Indian Overseas Bank, IDBI Bank and Bank of Baroda to declare Anil Ambani and Reliance Communications’ accounts as fraud

Bombay High Court stays fraud action against Anil Ambani, RCom; Raps banks for RBI rules violation

The Bombay High Court has stayed banks’ actions to label Anil Ambani and Reliance Communications as fraud, citing violations of…

December 24, 2025 15:24 IST

The Central Bureau of Investigation has booked Anil Ambani’s son, Jai Anmol Anil Ambani, over alleged cheating of Rs 228.06 crore

CBI books Anil Ambani’s son Jai Ambani for alleged Rs 228 crore fraud: Report

CBI has booked Jai Anmol Ambani and Reliance Home Finance for allegedly cheating Union Bank of Rs 228 crore through…

December 9, 2025 14:48 IST

Enforcement Directorate has attached fresh assets worth Rs 1,120 crore against the companies of Reliance Group of Anil Ambani

ED attaches ₹10,117 crore assets; Reliance companies clarify bulk relates to RCOM

ED has attached ₹1,120 crore worth of assets linked to Anil Ambani’s Reliance Group, taking total seizures to ₹10,117 crore…

Updated: December 5, 2025 21:54 IST

Mumbai police to symmon all accused in the Lilavati Trust fraud case

Mumbai Police to summon all accused in Lilavati Hospital Trust fraud case: Report

Mumbai Police is likely to summon all accused in the Lilavati Hospital Trust case

Updated: November 18, 2025 13:50 IST

ED Raids Anil Ambani’s Reliance Infra in FEMA case

ED raided six premises of Reliance Infrastructure in Mumbai and Indore under a FEMA probe into alleged illegal remittances. The…

September 30, 2025 16:47 IST

Who is Pankaj Gupta? Marcellus CFO booked for Rs 1.18 cr fraud

Who is Ramesh Prabhu? Ex-CFO confesses to diverting Gameskraft funds to F&O trading, lost Rs 250 cr

Prabhu confessed that for a period of four years, FY20-FY25, he used the company’s money to invest in the stock…

September 16, 2025 16:54 IST

Money laundering case: ED raids in Delhi-NCR, Tamil Nadu, Karnataka over Rs 346-crore Hythro Power fraud

The probe is against Gurugram located Hythro Power Corporation Ltd (HPCL), which is under liquidation, and its directors Amul Gabrani…

September 10, 2025 14:59 IST

US Tariffs Hit Indian Exporters: Banks Brace for Stress in MSMEs and Key Sectors. (Image Source: Fe)

Banks gear up for rising defaults

Indian exporters, particularly MSMEs, are showing early signs of financial distress following the imposition of US tariffs.

August 28, 2025 23:01 IST

SEBI rejects Anil Ambani’s plea to settle charges in Yes Bank loan case: Report

SEBI has informed Anil Ambani and his son that it will pass directions asking them to compensate the investors. Additional…

August 12, 2025 17:08 IST

ED advances probe against former UCO Bank Chairman; attaches properties worth Rs 106 crore: Report

ED’s investigation comes after an FIR by CBI against Goel on allegations of taking a bribe from Concast Steel Power…

July 25, 2025 16:13 IST

SBI classifies Reliance Communications, its promoter Anil Ambani as ‘fraud’; to lodge complaint with CBI

Reliance Communications and Anil Ambani were classified as fraud on June 13, 2025 in accordance with the RBI’s Master Directions…

July 21, 2025 20:17 IST

Anil Ambani hits back at SBI, cites lack of response from the bank

The statement claims that Ambani repeatedly requested copies of all documents from the State Bank upon receiving the show cause…

Updated: July 2, 2025 19:48 IST

SBI alleges Reliance Communication ‘promoters manipulated books’; Anil Ambani firm hits back

The State Bank of India alleged that Reliance Communications’ management and promoters carried out various transactions through the manipulation of…

July 2, 2025 13:52 IST

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