The Enforcement Directorate (ED) has detained the principal culprit in the Pulpally Service Cooperative Bank fraud case The Directorate of Enforcement (ED) has apprehended Sajeevan
Bank of Baroda, the second-largest state-owned bank in India, has refuted allegations that its officials used unknown individuals’ phone numbers to inflate registrations for its
A young student named Hiren (Changed name to hide the identity), aged 22, and tragically took his own life by hanging himself in his home
According to the FY23 annual report of the Reserve Bank of India (RBI), while the total amount of frauds reported by Indian banks decreased by
India now has a credit card penetration rate of roughly 5.5%, or 77 million people, of its 1.4 billion populations. Despite the low penetration rate,
Although online transactions have increased significantly over the past few months, banks and payment processors recorded online payment fraud of Rs. 1,750 crores in the
Illegal online lenders have been openly functioning for the past few years, providing quick cash to credulous borrowers regardless of their creditworthiness. Through arm-twisting recovery
Recently, the data presented in Rajya Sabha has stated that public sector banks have written off an amount around Rs. 91,000 crore in the first
The Reserve Bank India released a report before start of 2023 on banking frauds that has increased in number terms, but the amount involved more
With the use of technology, the risk of fraud is also increased. When it comes to banking and finance, the digitalization for every service is
