Rbi Report On Bank Frauds
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Banking Frauds Rise In H1FY25, Amount Involved Jumps 8-Time: RBI Report
The number of bank frauds witnessed a significant on-year increase in the first half of the current fiscal to 18,461 cases and the amount involved jumped more than eight-fold to Rs 21,367 crore, according to RBI data released on Thursday.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
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Nirmala Sitharaman Assures PMC Bank Clients, Says Will Talk To RBI Chief
Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.
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Who Is Allowing These "Big Bank Frauds": Priyanka Gandhi On RBI Report
Congress leader Priyanka Gandhi Vadra attacked the government on Friday over an RBI report showing bank frauds have gone up by 15 per cent year-on-year in 2018-19, asking who is the guarantor allowing such "big bank frauds".
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Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).
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Government Sacks 2 Top PNB Officials Over Failing To Detect Fraud: Report
Government has sacked two senior executives of the state-run Punjab National Bank for allegedly failing to prevent a $2 billion fraud, two sources with direct knowledge of the matter said on Sunday
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Report On Top 100 Bank Frauds Shared With CBI, Others, Says Watchdog
The anti-corruption body Central Vigilance Commission has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, the Enforcement Directorate and the CBI, Vigilance Commissioner TM Bhasin said today.
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RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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PNB Detects New Fraud At Mumbai Branch: Report
The new alleged fraud of around Rs 9.1 crore involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd, the Central Bureau of Investigation said in the complaint posted on its website.
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In PNB Scam, 3 More Arrested, Centre Reportedly Says RBI "Failure"
The Central Bureau of Investigation (CBI) arrested three more employees of the Punjab National Bank or PNB on Monday over the Rs 11,400 crore loan fraud case involving celebrity jeweller Nirav Modi. The arrests came as the government said the scandal exposed a "supervisory failure" by the Reserve Bank of India (RBI), media reports said.
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On PNB, Finance Ministry Has First Comment, Reportedly Says RBI "Failure"
The centre has said the Rs 11,300 crore fraud at state-run Punjab National Bank was a "manifestation of supervisory failure" at the country's central bank, according to media reports today.
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Will Take "Supervisory Action" In PNB Fraud Case: Reserve Bank Of India
The Reserve Bank of India has carried out an assessment of the control systems at the Punjab National Bank, the central bank announced in a statement on Friday after the government-run bank reported the Rs 11,000 crore scam.
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India Inc Bullish On Economy, Says CII Report
The CII Business Confidence index has climbed up to the level of 59.7 during October-December 2017 compared to 58.3 in the previous quarter.
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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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Banking Frauds Rise In H1FY25, Amount Involved Jumps 8-Time: RBI Report
The number of bank frauds witnessed a significant on-year increase in the first half of the current fiscal to 18,461 cases and the amount involved jumped more than eight-fold to Rs 21,367 crore, according to RBI data released on Thursday.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
-
Nirmala Sitharaman Assures PMC Bank Clients, Says Will Talk To RBI Chief
Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.
-
Who Is Allowing These "Big Bank Frauds": Priyanka Gandhi On RBI Report
Congress leader Priyanka Gandhi Vadra attacked the government on Friday over an RBI report showing bank frauds have gone up by 15 per cent year-on-year in 2018-19, asking who is the guarantor allowing such "big bank frauds".
-
Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).
-
Government Sacks 2 Top PNB Officials Over Failing To Detect Fraud: Report
Government has sacked two senior executives of the state-run Punjab National Bank for allegedly failing to prevent a $2 billion fraud, two sources with direct knowledge of the matter said on Sunday
-
Report On Top 100 Bank Frauds Shared With CBI, Others, Says Watchdog
The anti-corruption body Central Vigilance Commission has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, the Enforcement Directorate and the CBI, Vigilance Commissioner TM Bhasin said today.
-
RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
-
PNB Detects New Fraud At Mumbai Branch: Report
The new alleged fraud of around Rs 9.1 crore involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd, the Central Bureau of Investigation said in the complaint posted on its website.
-
In PNB Scam, 3 More Arrested, Centre Reportedly Says RBI "Failure"
The Central Bureau of Investigation (CBI) arrested three more employees of the Punjab National Bank or PNB on Monday over the Rs 11,400 crore loan fraud case involving celebrity jeweller Nirav Modi. The arrests came as the government said the scandal exposed a "supervisory failure" by the Reserve Bank of India (RBI), media reports said.
-
On PNB, Finance Ministry Has First Comment, Reportedly Says RBI "Failure"
The centre has said the Rs 11,300 crore fraud at state-run Punjab National Bank was a "manifestation of supervisory failure" at the country's central bank, according to media reports today.
-
Will Take "Supervisory Action" In PNB Fraud Case: Reserve Bank Of India
The Reserve Bank of India has carried out an assessment of the control systems at the Punjab National Bank, the central bank announced in a statement on Friday after the government-run bank reported the Rs 11,000 crore scam.
-
India Inc Bullish On Economy, Says CII Report
The CII Business Confidence index has climbed up to the level of 59.7 during October-December 2017 compared to 58.3 in the previous quarter.
-
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 ...
