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,… 9 months ago
Govt to address post-retirement harassment concerns of top bankers; mulls measures More changes to the Prevention of Corruption Act in the offing 12 months agoNovember 10, 2024
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… 1 year ago
Banks report `13,930-crore frauds in FY24, down 47% Number of frauds surges 166% to 36,075. 1 year agoMay 30, 2024
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… 2 years ago
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.… 2 years agoJuly 3, 2023
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… 2 years agoJune 16, 2023
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… 2 years agoJune 9, 2023
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… 2 years agoJune 5, 2023
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… 2 years agoMay 30, 2023
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… 3 years agoMarch 19, 2023
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… 3 years agoAugust 11, 2022
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… 4 years agoMarch 24, 2022
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,… 4 years agoJanuary 5, 2022
What potential risks and opportunities should investors be aware of in 2022? Find out Accounting for these risks is critical to staying vigilant and preparing for timely corrective actions to protect yo investment portfolio. 4 years agoDecember 31, 2021
