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Is your bank locker safe? Manager steals Rs 3.5 crore customer gold to fund online betting, arrested

Bengaluru bank locker fraud exposes insider theft as deputy manager steals gold worth Rs. 3.5 crore and pledges it illegally.

February 16, 2026 16:59 IST

Government Weighs ‘Kill Switch’ to Combat Digital Fraud

Explainer: How a ‘kill switch’ can put a stop to digital arrest scams

The Indian government is exploring a mandatory “Kill Switch” for banking and UPI apps to stop real-time financial fraud, including…

Updated: January 23, 2026 21:55 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

Digital financial fraud: Recovery of lost money now a key priority, says RBI Governor

As digital payments grow, online fraud has emerged as a major risk for citizens. RBI Governor Sanjay Malhotra on Friday…

December 5, 2025 18:20 IST

Mis-selling of products to be taken very seriously: RBI Guv cautions banks

Mis-selling of products to be taken very seriously: RBI Guv Sanjay Malhotra warns banks

In his post-MPC meet presser, the RBI governor came down heavily on regulated financial entities, including banks and insurance companies,…

February 7, 2025 13:07 IST

Govt to address post-retirement harassment concerns of top bankers; mulls measures

More changes to the Prevention of Corruption Act in the offing

November 11, 2024 05:45 IST

Budget 2024, Union Budget 2024, banking sector, banks, RBI, financial inclusion, fiscal prudence, FDI, divestment, privatisation, private sector banks, public sector banks, interest rates, cyber security, bank fraud

Budget 2024 Expectations: Banking sector hopes for policy continuity; announcements on FDI, divestment, cyber security measures and more

The banking industry leaders and experts said that the Budget should announce policy changes and incentives that help move towards…

July 21, 2024 22:57 IST

Banks report `13,930-crore frauds in FY24, down 47%

Number of frauds surges 166% to 36,075.

May 31, 2024 04:50 IST

digital banking, digital frauds, third-party account takeover, RBI, financial institutions, OTP-based authentication, mule accounts

55% of digital banking frauds detected in India were third-party account takeover frauds, says BioCatch

“Accounting for 55 per cent of all fraud in India, third-party account takeover fraud still represents a bigger slice of…

February 22, 2024 12:18 IST

Here are seven India billionaires who went from riches to rags.

Vijay Mallya, Nirav Modi, Mehul Choksi… 7 Indian billionaires who went from riches to rags

These Indian billionaires were once at the top of their game, but due to various reasons, they lost their fortunes.…

Updated: July 3, 2023 16:30 IST

Compromise settlement diktat to hasten recoveries

Many have pointed out that the June 8 circular was only an iteration of the RBI’s earlier rules on stressed…

Updated: June 16, 2023 08:14 IST

RBI issues framework for compromise settlements

Regulated entities shall put in place board-approved policies for undertaking compromise settlements with the borrowers as well as for technical…

Updated: June 9, 2023 08:18 IST

Banks’ digital payments frauds nearly double in FY23

While 3,596 frauds amounting to 155 crore using cards and internet banking services were reported in FY22, the volume nearly…

Updated: June 5, 2023 08:11 IST

Indian banks, Indian banks fraud, Public sector banks fraud,

Indian banks report higher number of frauds, total amount declines

The Reserve Bank of India (RBI) said frauds have occurred predominantly in the category of digital payments which includes card…

May 31, 2023 00:30 IST

Vijay Mallya: How the ‘King Of Good Times’ fell from grace to become a fugitive

How did Mallya, a businessman, a member of parliament and the ‘King of Good Times’, went from being once one…

Updated: March 19, 2023 11:11 IST

CVC-constituted panel ABBFF gives advice on 139 bank fraud cases

Headed by former Vigilance Commissioner (VC) T M Bhasin, ABBFF was set up in August 2019, by the Central Vigilance…

August 11, 2022 14:52 IST

Probe into bank fraud cases worth over Rs 21,000 crore pending for CBI consent from five Opposition-ruled states

Out of the total 128 requests, involving bank frauds of Rs 21,074.43 crore, a highest of 101 requests were pending…

March 24, 2022 16:44 IST

cyber security, Online fraud, online shopping scam, Tokenisation, online scam, RBI, RBI caution, fraudulent transactions, bank frauds, How can borrowers protect themselves, fraudulent lending apps, loan, unauthorized digital lending apps, illegal apps, illegal Chinese apps, KYC, NBFC, Playstore, Appstore, bank fraud, online fraud follow these safety tips,

Individual Cyber Insurance Cover: What does it cover and how will it benefit you?

A retail cyber plan that offers multiple covers through their policy, such as Identity theft, reputational injury, cyberbullying, cyber extortion,…

January 5, 2022 16:39 IST

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