Bank Account Losses
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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
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Haryana Cops To Impose National Security Act Against Protesting Farmers
Amid a stand-off with the farmers, Haryana Police in Ambala District has said that any loss to the government and private property during the protest will be compensated by attaching the property and seizure of bank accounts of the protestors.
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Apple, Google Need to Submit Details on Tackling Fake Crypto Apps, US Lawmakers Reach Out
US authorities have reached out to big tech giants Apple and Google, in a bid to check if the companies are proactively monitoring crypto apps available to their users for downloads. The letters, addressed to Tim Cook and Sundar Pichai come in the backdrop of a Federal Bureau of Investigation (FBI) warning that has recently claimed that fake crypto...
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How Banks Recouped 40% Losses From Vijay Mallya, Nirav Modi, Mehul Choksi
Assets worth Rs 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred by the Enforcement Directorate to state-run banks that will help them recover losses on account of the fraud.
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Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
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Tax Defaulters Beware: CBDT Enables I-T Department To Get Address From Bank, Civic Agencies
Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number)
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ATM, Credit Card, Online Transactions Made Safer: New Rules In 10 Points
The Reserve Bank of India (RBI) has come out with rules to make electronic banking transactions safer. Customers will not suffer any loss if unauthorised electronic banking transactions are reported within three working days and the amount involved will be credited in the accounts concerned within 10 days, the RBI said in a notification. "With the ...
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What To Do In Case Of Online Banking Fraud: 10 Facts On New Rules
In case of any loss due to unauthorised electronic banking transactions, Reserve Bank of India (RBI) has issued a revised notification that limits liability of customers. "With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating to unauthorised transactions resulting i...
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The Low-Risk, High-Reward Crime That Netted Fraudsters $2.3 Billion
Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the FBI.
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Bank Scandal Tarnishes Powerful Portuguese Family
Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.
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Bindra takes on Srinivasan, says he is responsible for massive losses to BCCI
A vocal critic of the BCCI's current administrators, Bindra said that Srinivasan had not followed the RBI guidelines while setting up a bank account in South Africa during the 2009 Indian Premier League.
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For loss of house, relief of only Rs 100
Aboobakar Kakkebettu, a beneficiary of Calamity Relief Fund, saw his life ruined by nature's fury, and suffered blows dealt with by bureaucracy.
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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
-
Haryana Cops To Impose National Security Act Against Protesting Farmers
Amid a stand-off with the farmers, Haryana Police in Ambala District has said that any loss to the government and private property during the protest will be compensated by attaching the property and seizure of bank accounts of the protestors.
-
Apple, Google Need to Submit Details on Tackling Fake Crypto Apps, US Lawmakers Reach Out
US authorities have reached out to big tech giants Apple and Google, in a bid to check if the companies are proactively monitoring crypto apps available to their users for downloads. The letters, addressed to Tim Cook and Sundar Pichai come in the backdrop of a Federal Bureau of Investigation (FBI) warning that has recently claimed that fake crypto...
-
How Banks Recouped 40% Losses From Vijay Mallya, Nirav Modi, Mehul Choksi
Assets worth Rs 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi have been transferred by the Enforcement Directorate to state-run banks that will help them recover losses on account of the fraud.
-
Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
-
Tax Defaulters Beware: CBDT Enables I-T Department To Get Address From Bank, Civic Agencies
Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number)
-
ATM, Credit Card, Online Transactions Made Safer: New Rules In 10 Points
The Reserve Bank of India (RBI) has come out with rules to make electronic banking transactions safer. Customers will not suffer any loss if unauthorised electronic banking transactions are reported within three working days and the amount involved will be credited in the accounts concerned within 10 days, the RBI said in a notification. "With the ...
-
What To Do In Case Of Online Banking Fraud: 10 Facts On New Rules
In case of any loss due to unauthorised electronic banking transactions, Reserve Bank of India (RBI) has issued a revised notification that limits liability of customers. "With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating to unauthorised transactions resulting i...
-
The Low-Risk, High-Reward Crime That Netted Fraudsters $2.3 Billion
Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the FBI.
-
Bank Scandal Tarnishes Powerful Portuguese Family
Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.
-
Bindra takes on Srinivasan, says he is responsible for massive losses to BCCI
A vocal critic of the BCCI's current administrators, Bindra said that Srinivasan had not followed the RBI guidelines while setting up a bank account in South Africa during the 2009 Indian Premier League.
-
For loss of house, relief of only Rs 100
Aboobakar Kakkebettu, a beneficiary of Calamity Relief Fund, saw his life ruined by nature's fury, and suffered blows dealt with by bureaucracy.
