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Thane doctor gets cheated of ₹3.84 crore, was promised high financial returns by 3 men

A doctor from Thane, Maharashtra, lost ₹3.84 crore to a scam promising profits from a municipal con…

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SBI fraud case: CBI finally arrests offender who frequently changed identity, was proclaimed dead by court

​​A CBI press release said V Chalapathi Rao avoided arrest by frequently changing his identity and …

PTI   


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Bengaluru woman accuses KIA’s lounge of credit card scam after losing over Rs 87,000

The alleged scam involved capturing her facial recognition details and setting up call forwarding. …

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Mumbai woman loses Rs 6 lakh to cyber fraud while trying to save Rs 5,000 — here’s how to avoid such scams

What started as a simple attempt to withdraw Rs 5,000 from an ATM ended with her losing Rs 6 lakh t…

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RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling

As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed …

ANI   


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Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe

Increased usage of the internet has also resulted in an increase in online fraud. Scammers are find…

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3 mins read

DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever

The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …

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India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …

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Shaktikanta Das receives award for A+ grade in Central Bank Report Cards 2024 in USA

The Central Bank Report Cards, published annually by Global Finance since 1994, grade the central b…

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3 mins read

Muhurat trading 2024: 5 stock picks you can consider this time around

Kotak Securities further notes that FY25 will likely see more broad-based growth across sectors. Ho…

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"He collected our passbooks in September": Odisha postmaster allegedly siphons Rs 50 lakh from depositors

A postmaster in Odisha's Jajpur district has disappeared after allegedly stealing around Rs 50 lakh…

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63-year-old Hyderabad man loses ₹50 lakh after joining WhatsApp group for stock market investment advice

A 63-year-old man from Hyderabad lost ₹50 lakh in a stock trading scam carried out through a WhatsA…

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6 mins read

Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers

If you're an aspiring homebuyer, now is not the time. And if you're already paying home loan EMIs, …

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3 mins read

FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account

The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…

PTI   


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4 mins read

RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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ED undertakes first-ever searches in Ladakh in crypto fraud case

The money laundering case stems from a March 2020 FIR registered in Leh and some other complai…

PTI   


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RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details

The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…

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1 min read

19 members of a family booked for duping siblings of over ₹1 crore in cryptocurrency scheme

Based on the complaint lodged by the 42-year-old man, the case was registered at the Rabodi poli…

PTI   


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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…