Whistle Blower

Latest Update on Bank Fraud

The Enforcement Directorate (ED) has detained the principal culprit in the Pulpally Service Cooperative Bank fraud case The Directorate of…

1 year ago

Bank of Baroda refutes the allegation of associating bank accounts with random mobile numbers

Bank of Baroda, the second-largest state-owned bank in India, has refuted allegations that its officials used unknown individuals' phone numbers…

1 year ago

Student who took loan from Chinese app commits suicide

A young student named Hiren (Changed name to hide the identity), aged 22, and tragically took his own life by…

1 year ago

The number of digital payment frauds in banks almost doubled in FY2023

According to the FY23 annual report of the Reserve Bank of India (RBI), while the total amount of frauds reported…

1 year ago

What’s Driving India’s Increase in Credit Card Use? – 10 crore cards expected by the end of 2023

India now has a credit card penetration rate of roughly 5.5%, or 77 million people, of its 1.4 billion populations.…

1 year ago

Banks and payment service providers notify RBI of Rs 1,750 crore in payment fraud in 7 months.

Although online transactions have increased significantly over the past few months, banks and payment processors recorded online payment fraud of…

1 year ago

Avoid loan apps that want excessive access to personal information

Illegal online lenders have been openly functioning for the past few years, providing quick cash to credulous borrowers regardless of…

2 years ago

PSBs wrote off Rs. 91,000 in 9 months of FY23

Recently, the data presented in Rajya Sabha has stated that public sector banks have written off an amount around Rs.…

2 years ago

Banks reported fraud worth Rs. 19,485 crore in H1 FY2023

The Reserve Bank India released a report before start of 2023 on banking frauds that has increased in number terms,…

2 years ago

Beware of digital lending fraud traps

With the use of technology, the risk of fraud is also increased. When it comes to banking and finance, the…

2 years ago